NYSE:WITWipro Stock Price, Forecast & News

$3.36

-0.03 (-0.88 %)

(As of 06/4/2020 09:45 AM ET)

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Today's Range

$3.31

Now: $3.36▼

$3.37

50-Day Range

$2.87

MA: $3.04▼

$3.34

52-Week Range

$2.52

Now: $3.36▼

$4.61

Volume715,575 shs

Average Volume1.13 million shs

Market Capitalization$19.12 billion

P/E Ratio14.61

Dividend Yield0.41%

Beta0.55

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.

Beat the Market (BTM) Rank^™

0.7 Analyst's Opinion

Consensus Rating
Wipro has received a consensus rating of Sell. The company's average rating score is 1.40, and is based on no buy ratings, 2 hold ratings, and 3 sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $3.46, Wipro has a potential upside of 3.0% from its current price of $3.36.
Amount of Analyst Coverage
Wipro has only been the subject of 1 research reports in the past 90 days.

1.8 Community Rank

Outperform Votes
Wipro has received 299 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Wipro has received 533 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Wipro has received 64.06% “underperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Wipro and other stocks. Vote “Outperform” if you believe WIT will outperform the S&P 500 over the long term. Vote “Underperform” if you believe WIT will underperform the S&P 500 over the long term. You may vote once every thirty days.

3.3 Dividend Strength

Dividend Leadership
Wipro is a leading dividend payer. It pays a dividend yield of 0.41%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Wipro does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Wipro is 4.55 %. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Wipro will have a dividend payout ratio of 4.55 % next year. This indicates that Wipro will be able to sustain or increase its dividend.

0.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Wipro insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 1.00% of the stock of Wipro is held by insiders.
Percentage Held by Institutions
Only 2.17% of the stock of Wipro is held by institutions.

1.9 Earnings and Valuation

Earnings Growth
Earnings for Wipro are expected to grow by 4.76% in the coming year, from $0.21 to $0.22 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Wipro is 14.61, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 16.28.
Price to Earnings Ratio vs. Sector
The P/E ratio of Wipro is 14.61, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 39.83.
Price to Earnings Growth Ratio
Wipro has a PEG Ratio of 1.77. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Wipro has a P/B Ratio of 2.58. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

1.54 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NYSE

Industry Custom computer programming services

Sub-IndustryN/A

SectorComputer and Technology

Current SymbolNYSE:WIT

Previous Symbol

CUSIPN/A

CIK1123799

Webwww.wipro.com

Phone91-80-4672-6603

Debt

Debt-to-Equity Ratio0.01

Current Ratio2.40

Quick Ratio2.39

Price-To-Earnings

Trailing P/E Ratio14.61

Forward P/E Ratio16.00

P/E Growth1.77

Sales & Book Value

Annual Sales$8.09 billion

Price / Sales2.36

Cash Flow$0.27 per share

Price / Cash Flow12.33

Book Value$1.30 per share

Price / Book2.58

Profitability

EPS (Most Recent Fiscal Year)$0.22

Net Income$1.29 billion

Net Margins15.95%

Return on Equity17.57%

Return on Assets11.83%

Miscellaneous

Employees170,000

Outstanding Shares5,690,610,000

Market Cap$19.12 billion

Next Earnings Date7/15/2020 (Estimated)

OptionableOptionable

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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 COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, WIT stock has 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) posted its earnings results on Wednesday, April, 15th. The information technology services provider reported $0.05 EPS for the quarter, missing analysts' consensus estimates 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 net margin of 15.95% and a return on equity of 17.57%. 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. 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.

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

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 payable 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 objectives for Wipro's stock. Their forecasts range from $3.46 to $3.46. On average, they expect Wipro's stock 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 articles about WIT stock have trended somewhat negative this week, InfoTrie reports. InfoTrie rates the sentiment of media coverage by monitoring more than six thousand news and blog sources. 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 news impact score of -1.0 on InfoTrie's scale. They also gave news articles about the information technology services provider a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the stock's share price in the near term. View the latest news aboutWipro.

Who are some of Wipro's key competitors?

Some companies that are related to Wipro include Infosys (INFY), Cognizant Technology Solutions (CTSH), Verisign (VRSN), NTT DATA CORP/ADR (NTDTY), Zscaler (ZS), EPAM Systems (EPAM), Obic (OBIIF), Amdocs (DOX), Aspen Technology (AZPN), GEMALTO NV/S (GTOMY), Endava (DAVA), PROS (PRO), Glu Mobile (GLUU), Sogou (SOGO) and Formula Systems (1985) (FORTY). View all 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 variety of institutional and retail 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 purchased 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 6/4/2020 by MarketBeat.com Staff