NYSE:WITWipro Stock Price, Forecast & News

Wipro's stock was trading at $3.14 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, WIT shares have increased by 35.7% and is now trading at $4.26.
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5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Wipro in the last year. There are currently 2 sell ratings, 2 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold."
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Wipro is scheduled to release its next quarterly earnings announcement on Tuesday, October 20th 2020.
View our earnings forecast for Wipro.

Wipro Limited (NYSE:WIT) released its earnings results on Tuesday, July, 14th. The information technology services provider reported $0.06 EPS for the quarter, beating analysts' consensus estimates of $0.05 by $0.01. The information technology services provider earned $1.97 billion during the quarter, compared to analyst estimates of $1.89 billion. Wipro had a return on equity of 17.66% and a net margin of 15.88%.
View Wipro's earnings history.

Wipro announced an annual dividend on Tuesday, January 14th. Investors of record on Monday, January 27th will be given a dividend of $0.014 per share on Monday, January 1st. The ex-dividend date is Friday, January 24th.
View Wipro's dividend history.

Wipro's stock split on the morning of Friday, June 9th 2017. The 2-1 split was announced on Monday, June 12th 2017. The newly issued 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.

5 analysts have issued 12 month price targets for Wipro's stock. Their forecasts range from $3.46 to $3.46. On average, they anticipate Wipro's share price to reach $3.46 in the next year. This suggests that the stock has a possible downside of 18.8%.
View analysts' price targets for Wipro.

News coverage about WIT stock has trended extremely negative recently, according to InfoTrie Sentiment. The research firm identifies positive and negative media coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Wipro earned a coverage optimism score of -4.1 on InfoTrie's scale. They also assigned headlines about the information technology services provider a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an effect on the company's share price in the immediate future.
View the latest news about Wipro.

Some companies that are related to Wipro include Infosys (INFY), Cognizant Technology Solutions (CTSH), Verisign (VRSN), Obic (OBIIF), NTT DATA CORP/ADR (NTDTY), EPAM Systems (EPAM), Zscaler (ZS), Amdocs (DOX), Aspen Technology (AZPN), GEMALTO NV/S (GTOMY), Sogou (SOGO), Endava (DAVA), PROS (PRO), Formula Systems (1985) (FORTY) and Perficient (PRFT).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Wipro investors own include Infosys (INFY), Cisco Systems (CSCO), Abbott Laboratories (ABT), Ford Motor (F), Walt Disney (DIS), Tata Motors (TTM), Alibaba Group (BABA), General Electric (GE), HDFC Bank (HDB) and Raytheon Technologies (RTX).

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

Wipro's stock is owned by a variety of retail and institutional investors. Top institutional investors include LSV Asset Management (0.12%), Nordea Investment Management AB (0.12%), Fisher Asset Management LLC (0.08%), First Trust Advisors LP (0.06%), Russell Investments Group Ltd. (0.05%) and Goldman Sachs Group Inc. (0.04%).

WIT stock was sold by a variety of institutional investors in the last quarter, including Goldman Sachs Group Inc., Prudential Financial Inc., First Trust Advisors LP, US Bancorp DE, Eqis Capital Management Inc., Signaturefd LLC, Zurcher Kantonalbank Zurich Cantonalbank, and Bank of Montreal Can.

WIT stock was bought by a variety of institutional investors in the last quarter, including LSV Asset Management, Nordea Investment Management AB, UBS Group AG, Todd Asset Management LLC, Ativo Capital Management LLC, Fisher Asset Management LLC, Russell Investments Group Ltd., and Barclays PLC.

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

One share of WIT stock can currently be purchased for approximately $4.26.

Wipro has a market capitalization of $24.24 billion and generates $8.09 billion in revenue each year. The information technology services provider earns $1.29 billion in net income (profit) each year or $0.22 on an earnings per share basis. Wipro employs 175,000 workers across the globe.

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

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 91-80-4672-6603 or via email at [email protected]