NYSE:WIT

Wipro Stock Forecast, Price & News

$8.40
-0.04 (-0.47 %)
(As of 07/29/2021 12:00 AM ET)
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Today's Range
$8.38
$8.45
50-Day Range
$7.53
$8.55
52-Week Range
$4.16
$8.60
Volume1.29 million shs
Average Volume1.92 million shs
Market Capitalization$47.82 billion
P/E Ratio30.00
Dividend Yield0.12%
Beta0.6
30 days | 90 days | 365 days | Advanced Chart
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About Wipro

Wipro Limited operates as an information technology (IT), consulting, and business process services company worldwide. It operates through three segments: IT Services, IT Products, and India State Run Enterprise Services (ISRE). The IT Services segment offers IT and IT-enabled services, including digital strategy advisory, customer-centric design, technology consulting, IT consulting, custom application design, development, re-engineering and maintenance, systems integration, package implementation, infrastructure, analytics, business process, research and development, and hardware and software design services to enterprises. It serves customers in various industry sectors, such as healthcare and medical devices, consumer goods and life sciences, retail, transportation and services, communications, media and information services, technology products and platforms, banking, financial services and insurance, manufacturing, hi-tech, energy, and utilities. The IT Products segment provides a range of third-party IT products comprising enterprise platforms, networking solutions, software and data storage products, contact center infrastructure, enterprise security, IT optimization technologies, video solutions, and end-user computing solutions. It serves enterprises in various industries primarily in the India market, which comprise the government, defense, IT and IT-enabled services, telecommunications, manufacturing, utilities, education, and financial services sectors. The ISRE segment offers IT services to entities and/or departments owned or controlled by the Government of India and/or various Indian State Governments. Wipro Limited has a collaboration agreement with FEV Europe GmbH to develop and market software defined vehicles. The company was incorporated in 1945 and is based in Bengaluru, India.

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MarketRank

Overall MarketRank

1.32 out of 5 stars

Computer And Technology Sector

690th out of 1,650 stocks

Custom Computer Programming Services Industry

24th out of 53 stocks

Analyst Opinion: 1.0Community Rank: 2.7Dividend Strength: 1.7Insider Behavior: 0.0Valuation: 1.3 5 -4 -3 -2 -1 -
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Wipro (NYSE:WIT) Frequently Asked Questions

Is Wipro a buy right now?

5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Wipro in the last twelve months. There are currently 1 sell rating, 3 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" Wipro stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in WIT, but not buy additional shares or sell existing shares.
View analyst ratings for Wipro
or view top-rated stocks.

What stocks does MarketBeat like better than Wipro?

Wall Street analysts have given Wipro a "Hold" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Wipro wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

Are investors shorting Wipro?

Wipro saw a decline in short interest in the month of June. As of June 30th, there was short interest totaling 10,430,000 shares, a decline of 23.2% from the June 15th total of 13,580,000 shares. Based on an average trading volume of 1,680,000 shares, the days-to-cover ratio is presently 6.2 days.
View Wipro's Short Interest
.

When is Wipro's next earnings date?

Wipro is scheduled to release its next quarterly earnings announcement on Tuesday, October 12th 2021.
View our earnings forecast for Wipro
.

How were Wipro's earnings last quarter?

Wipro Limited (NYSE:WIT) announced its quarterly earnings data on Wednesday, July, 14th. The information technology services provider reported $0.08 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.01. Wipro had a net margin of 17.83% and a trailing twelve-month return on equity of 20.35%.
View Wipro's earnings history
.

How has Wipro's stock price been impacted by Coronavirus (COVID-19)?

Wipro's stock was trading at $3.14 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, WIT stock has increased by 167.5% and is now trading at $8.40.
View which stocks have been most impacted by COVID-19
.

How often does Wipro pay dividends? What is the dividend yield for Wipro?

Wipro declared an annual dividend on Wednesday, January 13th. Investors of record on Monday, January 25th will be paid a dividend of $0.012 per share on Monday, January 25th. This represents a yield of 0.19%. The ex-dividend date of this dividend is Friday, January 22nd.
View Wipro's dividend history
.

Is Wipro a good dividend stock?

Wipro pays an annual dividend of $0.01 per share and currently has a dividend yield of 0.12%. The dividend payout ratio of Wipro is 3.85%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Wipro will have a dividend payout ratio of 3.23% next year. This indicates that Wipro will be able to sustain or increase its dividend.
View Wipro's dividend history.

When did Wipro's stock split? How did Wipro's stock split work?

Wipro shares split on Friday, June 9th 2017. The 2-1 split was announced on Monday, June 12th 2017. The newly minted shares were distributed to shareholders after the market closes on Tuesday, April 25th 2017. An investor that had 100 shares of Wipro stock prior to the split would have 200 shares after the split.

What price target have analysts set for WIT?

5 equities research analysts have issued 12 month price targets for Wipro's shares. Their forecasts range from $6.23 to $6.23. On average, they expect Wipro's share price to reach $6.23 in the next year. This suggests that the stock has a possible downside of 25.8%.
View analysts' price targets for Wipro
or view top-rated stocks among Wall Street analysts.

Who are Wipro's key executives?

Wipro's management team includes the following people:
  • Mr. Rishad Azim Hasham Premji Jr., Exec. Chairman (Age 44, Pay $1.59M)
  • Mr. Thierry Delaporte, MD, CEO, Director & Member of Exec. Board (Age 54, Pay $6.23M)
  • Mr. Jatin Pravinchandra Dalal, Pres, CFO & Exec. Board Member (Age 46, Pay $481.57k)
  • Mr. Mohammed Sanaulla Khan, VP, Compliance Officer & Company Sec. (Age 51, Pay $187.79k)
  • Mr. B. M. Bhanumurthy, Pres & COO (Age 57)
  • Mr. Saurabh Govil, Pres, Chief HR Officer & Exec. Board Member (Age 53)
  • Mr. N. S. Bala, CEO of APMEA & Exec. Board Member
  • Mr. Srinivas Pallia, CEO of Americas 1 & Exec. Board Member (Age 54)
  • Mr. Rajan Kohli, Global Managing Partner & Pres of iDEAS Bus. Line and Exec. Board Member (Age 49)
  • Mr. Angan Arun Guha, CEO of Americas 2 Market Unit & Exec. Board Member (Age 52)

What is Thierry Delaporte's approval rating as Wipro's CEO?

60 employees have rated Wipro CEO Thierry Delaporte on Glassdoor.com. Thierry Delaporte has an approval rating of 86% among Wipro's employees.

Who are some of Wipro's key competitors?

What other stocks do shareholders of Wipro own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Wipro investors own include Infosys (INFY), Cisco Systems (CSCO), Raytheon Technologies (RTX), Abbott Laboratories (ABT), Ford Motor (F), The Walt Disney (DIS), Intel (INTC), Tata Motors (TTM), Alibaba Group (BABA) and General Electric (GE).

What is Wipro's stock symbol?

Wipro trades on the New York Stock Exchange (NYSE) under the ticker symbol "WIT."

Who are Wipro's major shareholders?

Wipro's stock is owned by a number of retail and institutional investors. Top institutional investors include Marshall Financial Group LLC (0.00%) and Fulton Bank N.A. (0.00%).

Which major investors are selling Wipro stock?

WIT stock was sold by a variety of institutional investors in the last quarter, including Marshall Financial Group LLC.

Which major investors are buying Wipro stock?

WIT stock was purchased by a variety of institutional investors in the last quarter, including Fulton Bank N.A..

How do I buy shares of Wipro?

Shares of WIT can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Wipro's stock price today?

One share of WIT stock can currently be purchased for approximately $8.40.

How much money does Wipro make?

Wipro has a market capitalization of $47.82 billion and generates $8.47 billion in revenue each year. The information technology services provider earns $1.48 billion in net income (profit) each year or $0.26 on an earnings per share basis.

How many employees does Wipro have?

Wipro employs 200,000 workers across the globe.

Does Wipro have any subsidiaries?

The following companies are subsidiares of Wipro: 4C, ATCO I-Tek Inc., Appirio Inc., Appirio India Cloud Solutions Private Limited, Capco, Cellent GmbH, Citi Technology Services, Cooper Software Inc., Designit A/S, Designit Denmark A/S, Designit Germany GmbH, Designit Oslo A/S, Designit Spain Digital S.L., Designit Sweden AB, Designit T.L.V Ltd., Designit Tokyo Ltd., Global Oil and Gas Information Technology Services Business, HPH Holdings Corp., HealthPlan Services, HealthPlan Services Inc., InfoServer, Infocrossing LLC, International TechneGroup, Opus Capital Markets Consultants, Opus Capital Markets Consultants LLC, PT. WT Indonesia, Promax Application Group, Rainbow Software LLC, Rational Interaction Inc., TechneGroup Incorporated, Viteos Group, Wipro (Dalian) Limited, Wipro (Thailand) Co. Limited, Wipro Airport IT Services Limited*, Wipro Arabia Co. Limited, Wipro Bahrain Limited Co. S.P.C., Wipro Chengdu Limited, Wipro Corporate Technologies Ghana Limited, Wipro Cyprus Private Limited, Wipro Digital Aps, Wipro Doha LLC, Wipro Europe Limited, Wipro Financial Services UK Limited, Wipro Gallagher Solutions LLC, Wipro Gulf LLC, Wipro HR Services India Private Limited, Wipro Holdings (Mauritius) Limited, Wipro Holdings (UK) Limited, Wipro Holdings Hungary Korlátolt Felelosségu Társaság, Wipro Holdings Investment Korlátolt Felelosségu Társaság, Wipro IT Service Ukraine LLC, Wipro IT Services Bangladesh Limited, Wipro IT Services LLC, Wipro IT Services Poland SP Z.O.O, Wipro IT Services S.R.L., Wipro IT Services SE, Wipro Information Technology Austria GmbH, Wipro Information Technology Egypt SAE, Wipro Information Technology Kazakhstan LLP, Wipro Information Technology Netherlands BV., Wipro Insurance Solutions LLC, Wipro Japan KK, Wipro LLC, Wipro LLC, Wipro Networks Pte Limited, Wipro Outsourcing Services (Ireland) Limited, Wipro Overseas IT Services Pvt. Ltd, Wipro Philippines Inc., Wipro Poland SP Z.O.O, Wipro Portugal S.A., Wipro Promax Analytics Solutions Americas LLC, Wipro Shanghai Limited, Wipro Solutions Canada Limited, Wipro Technologies Australia Pty Ltd, Wipro Technologies Limited, Wipro Technologies Nigeria Limited, Wipro Technologies Peru S.A.C., Wipro Technologies S.R.L., Wipro Technologies SA, Wipro Technologies SA DE CV, Wipro Technologies SDN BHD, Wipro Technologies South Africa (Proprietary) Limited, Wipro Technologies VZ C.A., Wipro Technologies W.T. Sociedad Anonima, Wipro Technology Chile SPA, Wipro Trademarks Holding Limited, Wipro Travel Services Limited, Wipro UK Limited, Wipro US Foundation International, Wipro do Brasil Servicos de Tecnologia S.A., Wipro do Brasil Technologia Ltda, and Women’s Business Park Technologies Limited.

When was Wipro founded?

Wipro was founded in 1945.

What is Wipro's official website?

The official website for Wipro is www.wipro.com.

Where are Wipro's headquarters?

Wipro is headquartered at DODDAKANAHALLI VILLAG VARTHUR HOBLI SARJAPUR RD, BANGALORE K7, 560035.

How can I contact Wipro?

Wipro's mailing address is DODDAKANAHALLI VILLAG VARTHUR HOBLI SARJAPUR RD, BANGALORE K7, 560035. The information technology services provider can be reached via phone at 918046827999 or via email at [email protected]


This page was last updated on 7/30/2021 by MarketBeat.com Staff
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