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NYSE:WITWipro Stock Price, Forecast & News

-0.03 (-0.88 %)
(As of 06/4/2020 04:00 PM ET)
Today's Range
Now: $3.36
50-Day Range
MA: $3.05
52-Week Range
Now: $3.36
Volume715,800 shs
Average Volume1.20 million shs
Market Capitalization$19.12 billion
P/E Ratio14.61
Dividend Yield0.30%
Wipro Limited operates as an information technology (IT), consulting, and business process services (BPS) company worldwide. The company's IT Services segment offers a range of 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 services, analytics services, BPS, research and development services, and hardware and software design services to various enterprises. It serves customers in various industry verticals, such as banking, financial services, and insurance; health business; consumer business; energy, natural resources, and utilities; manufacturing; technology; and communications. The company's IT Products segment distributes 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. The company has research collaboration agreements with Tel Aviv University for core and applied research in image and text analytics using deep learning and sparse representation models and techniques; and IISc on technologies for autonomous vehicles. Wipro Limited was founded in 1945 and is headquartered in Bengaluru, India.
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Beat the Market (BTM) Rank

Analyst Opinion: 0.7Community Rank: 1.8Dividend Strength: 3.3Insider Behavior: 0.0Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.54 out of 5 stars

Industry, Sector and Symbol

Industry Custom computer programming services



Sales & Book Value

Annual Sales$8.09 billion
Cash Flow$0.27 per share
Book Value$1.30 per share


Net Income$1.29 billion


Outstanding Shares5,690,611,000
Market Cap$19.12 billion
Next Earnings Date7/15/2020 (Estimated)

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Wipro (NYSE:WIT) Frequently Asked Questions

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

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 shares have increased by 7.0% and is now trading at $3.36. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Wipro?

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Wipro in the last year. There are currently 3 sell ratings and 2 hold ratings for the stock, resulting in a consensus recommendation of "Sell." View analyst ratings for Wipro.

When is Wipro's next earnings date?

Wipro is scheduled to release its next quarterly earnings announcement on Wednesday, July 15th 2020. View our earnings forecast for Wipro.

How were Wipro's earnings last quarter?

Wipro Limited (NYSE:WIT) released its quarterly earnings data on Wednesday, April, 15th. The information technology services provider reported $0.05 earnings per share for the quarter, missing the Zacks' consensus estimate of $0.06 by $0.01. The information technology services provider had revenue of $2.08 billion for the quarter, compared to analysts' expectations of $2.18 billion. Wipro had a return on equity of 17.57% and a net margin of 15.95%. View Wipro's earnings history.

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

Wipro declared an annual dividend on Tuesday, January 14th. Shareholders of record on Monday, January 27th will be paid 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.

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

Shares of Wipro 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 issued 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.

What price target have analysts set for WIT?

5 analysts have issued twelve-month price targets for Wipro's shares. Their forecasts range from $3.46 to $3.46. On average, they expect Wipro's share price to reach $3.46 in the next year. This suggests a possible upside of 3.0% from the stock's current price. View analysts' price targets for Wipro.

Has Wipro been receiving favorable news coverage?

News stories about WIT stock have been trending very negative this week, according to InfoTrie. The research group identifies positive and negative press coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Wipro earned a news sentiment score of -3.2 on InfoTrie's scale. They also assigned news coverage about the information technology services provider a news buzz of 10.0 out of 10, indicating that recent press coverage is extremely likely to have an effect on the company's share price in the near future. View the latest news aboutWipro.

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), Alibaba Group (BABA), HDFC Bank (HDB), Walt Disney (DIS), Home Depot (HD), Verizon Communications (VZ), Cisco Systems (CSCO), AT&T (T), Tata Motors (TTM) and NVIDIA (NVDA).

Who are Wipro's key executives?

Wipro's management team includes the following people:
  • Mr. Azim Hasham Premji, Founder, Exec. Chairman & MD (Age 74)
  • Mr. Abidali Z. Neemuchwala, CEO & Exec. Director (Age 52)
  • Mr. B. M. Bhanumurthy, Pres & COO (Age 55)
  • Mr. Saurabh Govil, Pres & Chief HR Officer (Age 51)
  • Mr. Jatin Pravinchandra Dalal, Chief Financial Officer (Age 44)

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 BlackRock Inc. (0.23%), Schroder Investment Management Group (0.23%), State Street Corp (0.20%), AQR Capital Management LLC (0.15%), Wellington Management Group LLP (0.09%) and Aperio Group LLC (0.09%).

Which institutional investors are selling Wipro stock?

WIT stock was sold by a variety of institutional investors in the last quarter, including BlackRock Inc., Acadian Asset Management LLC, Sensato Investors LLC, Morgan Stanley, ClariVest Asset Management LLC, Zurcher Kantonalbank Zurich Cantonalbank, Connor Clark & Lunn Investment Management Ltd., and Fisher Asset Management LLC.

Which institutional investors are buying Wipro stock?

WIT stock was acquired by a variety of institutional investors in the last quarter, including State Street Corp, Schroder Investment Management Group, Russell Investments Group Ltd., AQR Capital Management LLC, Aperio Group LLC, First Trust Advisors LP, Wellington Management Group LLP, and Thrivent Financial for Lutherans.

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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Wipro's stock price today?

One share of WIT stock can currently be purchased for approximately $3.36.

How big of a company is Wipro?

Wipro has a market capitalization of $19.12 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 170,000 workers across the globe.

What is Wipro's official website?

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

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

This page was last updated on 6/5/2020 by MarketBeat.com Staff

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