Wipro Stock Forecast, Price & 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 46.2% and is now trading at $4.59.
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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."
View analyst ratings for Wipro.

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) issued its quarterly earnings data on Tuesday, July, 14th. The information technology services provider reported $0.06 EPS for the quarter, topping analysts' consensus estimates of $0.05 by $0.01. The information technology services provider earned $1.97 billion during the quarter, compared to the consensus estimate of $1.89 billion. Wipro had a net margin of 15.88% and a return on equity of 17.66%.
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 of this dividend is Friday, January 24th.
View Wipro's dividend history.

Wipro shares split before market open on Friday, June 9th 2017. The 2-1 split was announced on Monday, June 12th 2017. The newly created shares were distributed to shareholders after the closing bell 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 brokers 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 stock price to reach $3.46 in the next year. This suggests that the stock has a possible downside of 24.6%.
View analysts' price targets for Wipro.

News headlines about WIT stock have been trending very positive this week, InfoTrie Sentiment Analysis reports. InfoTrie identifies positive and negative media coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Wipro earned a news impact score of 3.2 on InfoTrie's scale. They also gave news stories about the information technology services provider a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the company's share price in the near term.
View the latest news about Wipro.

Some companies that are related to Wipro include Infosys (INFY), Cognizant Technology Solutions (CTSH), Verisign (VRSN), NTT DATA CORP/ADR (NTDTY), Zscaler (ZS), Obic (OBIIF), EPAM Systems (EPAM), Aspen Technology (AZPN), Amdocs (DOX), GEMALTO NV/S (GTOMY), Sogou (SOGO), Endava (DAVA), Virtusa (VRTU), Perficient (PRFT) and PROS (PRO).
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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), Intel (INTC), Tata Motors (TTM), Alibaba Group (BABA), General Electric (GE) and HDFC Bank (HDB).

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

Wipro's stock is owned by many different institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (0.26%), AQR Capital Management LLC (0.15%), LSV Asset Management (0.12%), Nordea Investment Management AB (0.12%), Fisher Asset Management LLC (0.08%) and First Trust Advisors LP (0.06%).

WIT stock was sold by a variety of institutional investors in the last quarter, including Vanguard Group Inc., Goldman Sachs Group Inc., AQR Capital Management LLC, Prudential Financial Inc., Sei Investments Co., First Trust Advisors LP, US Bancorp DE, and Eqis Capital Management Inc..

WIT stock was acquired by a variety of institutional investors in the last quarter, including LSV Asset Management, Nordea Investment Management AB, UBS Group AG, Teachers Retirement System of The State of Kentucky, Todd Asset Management LLC, Ativo Capital Management LLC, Fisher Asset Management LLC, and Russell Investments Group Ltd..

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 $4.59.

Wipro has a market capitalization of $26.13 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]