Wipro Limited (Wipro) is a global information technology (IT) services provider. It operates through two segments: IT Services and IT Products. The Company's IT Services business provides a range of IT and IT-enabled services, which include digital strategy advisory, customer centric design, technology consulting, IT consulting, custom application design, development, re-engineering and maintenance, systems integration, package implementation, global infrastructure services, analytics services, business process services, research and development and hardware and software design. The IT Products segment provides a range of third-party IT products, which allows it to offer IT system integration services. Its products include computing, Platforms and Storage, Networking Solutions, Enterprise Information Security, and software products, including databases and operating systems. The Company is a reseller of third-party enterprise products through its direct sales force.
Industry, Sector and Symbol:
- Sector: Computer and Technology
- Industry: IT Services & Consulting
- Sub-Industry: N/A
- Symbol: NYSE:WIT
- CUSIP: N/A
- Web: www.wipro.com
Capitalization:- Market Cap: $27.37193 billion
- Outstanding Shares: 4,838,891,000
Average Prices:- 50 Day Moving Avg: $6.01
- 200 Day Moving Avg: $5.39
- 52 Week Range: $4.50 - $6.40
P/E:- Trailing P/E Ratio: 20.40
- Foreward P/E Ratio: 18.16
- P/E Growth: 2.57
Sales & Book Value:- Annual Revenue: $8.63 billion
- Price / Sales: 3.16
- Book Value: $1.75 per share
- Price / Book: 3.22
Dividend:- Annual Dividend: $0.03
- Dividend Yield: 0.5%
Profitability:- EBIDTA: $1.71 billion
- Net Margins: 15.46%
- Return on Equity: 16.53%
- Return on Assets: 10.77%
Debt:- Debt-to-Equity Ratio: 0.06%
- Current Ratio: 2.41%
- Quick Ratio: 2.40%
Misc:- Average Volume: 1.38 million shs.
- Beta: 0.89
- Short Ratio: 16.91
Frequently Asked Questions for Wipro Limited (NYSE:WIT)
What is Wipro Limited's stock symbol?
Wipro Limited trades on the New York Stock Exchange (NYSE) under the ticker symbol "WIT."
How often does Wipro Limited pay dividends? What is the dividend yield for Wipro Limited?
Wipro Limited declared a dividend on Wednesday, January 25th. Shareholders of record on Friday, February 3rd will be given a dividend of $0.0145 per share on Friday, February 3rd. The ex-dividend date is Wednesday, February 1st. View Wipro Limited's Dividend History.
When did Wipro Limited's stock split? How did Wipro Limited's stock split work?
Wipro Limited's stock split before market open on 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 Limited stock prior to the split would have 200 shares after the split.
How will Wipro Limited's stock buyback program work?
Wipro Limited declared that its board has initiated a stock repurchase plan on Friday, July 21st 2017, which allows the company to buyback $1,700,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to purchase up to 6.1% of its shares through a tender offer. Shares buyback plans are generally a sign that the company's leadership believes its shares are undervalued.
How were Wipro Limited's earnings last quarter?
Wipro Limited (NYSE:WIT) issued its earnings results on Thursday, July, 20th. The company reported $0.07 EPS for the quarter, topping analysts' consensus estimates of $0.06 by $0.01. The company earned $2.11 billion during the quarter, compared to the consensus estimate of $2.05 billion. Wipro Limited had a return on equity of 16.53% and a net margin of 15.46%. View Wipro Limited's Earnings History.
When will Wipro Limited make its next earnings announcement?
Where is Wipro Limited's stock going? Where will Wipro Limited's stock price be in 2017?
5 brokers have issued 1 year target prices for Wipro Limited's stock. Their forecasts range from $277.00 to $277.00. On average, they expect Wipro Limited's share price to reach $277.00 in the next year. View Analyst Ratings for Wipro Limited.
Who are some of Wipro Limited's key competitors?
Some companies that are related to Wipro Limited include Automatic Data Processing (ADP), Vmware (VMW), Cognizant Technology Solutions Corporation (CTSH), Infosys Limited (INFY), CGI Group (GIB), Palo Alto Networks (PANW), Total System Services (TSS), Gartner (IT), VeriSign (VRSN), CDW Corporation (CDW), Amdocs Limited (DOX), Akamai Technologies (AKAM), Jack Henry & Associates (JKHY), F5 Networks (FFIV), GoDaddy (GDDY), Black Knight Financial Services (BKFS), Fortinet (FTNT) and LogMein (LOGM).
Who are Wipro Limited's key executives?
Wipro Limited's management team includes the folowing people:
- Azim H. Premji, Executive Chairman of the Board, Managing Director
- Abidali Z. Neemuchwala, Chief Executive Officer, Executive Director
- Jatin Pravinchandra Dalal, Chief Financial Officer
- M. Sanaulla Khan, Compliance Officer, Company Secretary
- Rishad Azim Premji, Executive Director, Chief Strategy Officer
- Patrick Lucien Andre Dupuis, Non-Executive Independent Director
- Patrick J. Ennis, Non-Executive Independent Director
- Ashok Sekhar Ganguly, Non-Executive Independent Director
- William Arthur Owens, Non-Executive Independent Director
- Mahendra Kumar Sharma, Non-Executive Independent Director
Who owns Wipro Limited stock?
Wipro Limited's stock is owned by many different of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (0.37%), Vanguard Group Inc. (0.28%), Commonwealth Bank of Australia (0.18%), Nordea Investment Management AB (0.15%), State Street Corp (0.12%) and First Trust Advisors LP (0.09%). View Institutional Ownership Trends for Wipro Limited.
Who sold Wipro Limited stock? Who is selling Wipro Limited stock?
Wipro Limited's stock was sold by a variety of institutional investors in the last quarter, including JPMorgan Chase & Co., UBS Asset Management Americas Inc. and Russell Investments Group Ltd.. View Insider Buying and Selling for Wipro Limited.
Who bought Wipro Limited stock? Who is buying Wipro Limited stock?
Wipro Limited's stock was purchased by a variety of institutional investors in the last quarter, including BlackRock Inc., Vanguard Group Inc., Commonwealth Bank of Australia, State Street Corp, First Trust Advisors LP, Nordea Investment Management AB, Fisher Asset Management LLC and Northern Trust Corp. View Insider Buying and Selling for Wipro Limited.
How do I buy Wipro Limited stock?
Shares of Wipro Limited can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Wipro Limited's stock price today?
One share of Wipro Limited stock can currently be purchased for approximately $5.63.
MarketBeat Community Rating for Wipro Limited (NYSE WIT)MarketBeat's community ratings are surveys of what our community members think about Wipro Limited and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
Consensus Ratings for Wipro Limited (NYSE:WIT) (How are Consensus Ratings Calculated?) MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
| Ratings Breakdown: | 4 Sell Ratings, 1 Hold Rating |
| Consensus Rating: | Sell (Score: 1.20) |
| Consensus Price Target: | $277.00 (4,820.07% upside) |
Analysts' Ratings History for Wipro Limited (NYSE:WIT)
Show:
| Date | Firm | Action | Rating | Price Target | Impact on Share Price | Details |
|---|
| 9/17/2017 | Goldman Sachs Group, Inc. (The) | Downgrade | Neutral -> Sell | | Low |  |
| 9/14/2017 | BNP Paribas | Downgrade | Hold -> Reduce | | High | |
| 7/21/2017 | Bank of America Corporation | Boost Price Target | Neutral | $250.00 -> $277.00 | Low | |
| 6/6/2017 | Jefferies Group LLC | Downgrade | Hold -> Underperform | | Medium | |
| 10/24/2016 | Nomura | Downgrade | Neutral -> Reduce | | N/A | |
| 9/8/2016 | Wedbush | Initiated Coverage | Underperform | $4.25 | N/A | |
| 8/9/2016 | HSBC Holdings plc | Downgrade | Hold -> Reduce | | N/A | |
| 4/21/2016 | Citigroup Inc. | Downgrade | Neutral -> Sell | | N/A | |
| 4/20/2016 | Credit Suisse Group | Downgrade | Outperform -> Neutral | | N/A | |
| 2/11/2016 | Morgan Stanley | Downgrade | Overweight -> Equal Weight | | N/A | |
| 12/17/2015 | Sterne Agee CRT | Initiated Coverage | Underperform | $5.50 | N/A | |
(Data available from 9/22/2015 forward)
Earnings History for Wipro Limited (NYSE:WIT)Earnings History by Quarter for Wipro Limited (NYSE WIT)| Date | Quarter | Consensus Estimate | Actual EPS | Revenue Estimate | Actual Revenue | Release Link | Conference Call | Details |
|---|
| 10/17/2017 | | $0.06 | | | | | N/A | |
| 7/20/2017 | 6/30/2017 | $0.06 | $0.07 | $2.05 billion | $2.11 billion | View | N/A | |
| 4/25/2017 | 3/31/2017 | $0.07 | $0.07 | $2.06 billion | $2.16 billion | View | N/A | |
| 1/25/2017 | Q317 | $0.07 | $0.07 | $2.03 billion | $136.88 billion | View | N/A | |
| 10/21/2016 | Q217 | $0.07 | $0.07 | $2.03 billion | $137.66 billion | View | Listen | |
| 7/19/2016 | Q117 | $0.07 | $0.06 | $2.02 billion | $2.00 billion | View | Listen | |
| 4/20/2016 | Q416 | $0.08 | $0.07 | $2.00 billion | $2.10 billion | View | Listen | |
| 1/18/2016 | Q316 | $0.08 | $0.07 | $1.99 billion | $1.94 billion | View | Listen | |
| 10/21/2015 | Q216 | $0.07 | $0.07 | $1.98 billion | $1.91 billion | View | Listen | |
| 7/23/2015 | Q116 | $0.07 | $0.07 | $1.84 billion | $122.38 billion | View | Listen | |
| 4/21/2015 | Q4 | $0.08 | $0.08 | $121.27 billion | $121.42 billion | View | N/A | |
| 1/16/2015 | Q315 | $0.07 | $4.44 | $1.98 billion | $119.93 billion | View | N/A | |
| 10/22/2014 | Q215 | $0.07 | $0.07 | $1.93 billion | $1.89 billion | View | Listen | |
| 7/24/2014 | Q115 | $0.07 | $4.27 | $1.87 billion | $111.36 billion | View | N/A | |
| 4/17/2014 | Q414 | $0.07 | $4.52 | $1.90 billion | $116.54 billion | View | N/A | |
| 1/17/2014 | Q314 | $0.06 | $4.09 | $1.83 billion | $112.71 billion | View | N/A | |
| 10/22/2013 | Q214 | $0.06 | $3.93 | $1.78 billion | $107.73 billion | View | N/A | |
| 7/26/2013 | | $3.25 | $3.30 | $101.67 million | $97.29 million | View | N/A | |
| 11/2/2012 | Q312 | $0.06 | $0.06 | $1.91 billion | $2.01 billion | View | N/A | |
| 10/31/2011 | | $2.71 | $2.64 | | | View | N/A | |
| 4/26/2011 | | $0.06 | $0.07 | | | View | N/A | |
(Data available from 1/1/2011 forward)
Earnings Estimates for Wipro Limited (NYSE:WIT)2017 EPS Consensus Estimate: $0.26
2018 EPS Consensus Estimate: $0.36
| Quarter | Number of Estimates | Low Estimate | High Estimate | Average Estimate |
|---|
| Q3 2017 | 1 | $0.13 | $0.13 | $0.13 |
| Q4 2017 | 1 | $0.13 | $0.13 | $0.13 |
| Q1 2018 | 1 | $0.12 | $0.12 | $0.12 |
| Q2 2018 | 1 | $0.06 | $0.06 | $0.06 |
| Q3 2018 | 1 | $0.12 | $0.12 | $0.12 |
| Q4 2018 | 1 | $0.06 | $0.06 | $0.06 |
(Data provided by Zacks Investment Research)
Current Dividend Information for Wipro Limited (NYSE:WIT)| Most Recent Dividend: | 2/3/2017 |
| Annual Dividend: | $0.03 |
| Dividend Yield: | 0.53% |
| Dividend Growth: | -9.60% (3 Year Average) |
| Payout Ratio: | 11.11% (Trailing 12 Months of Earnings)
11.11% (Based on This Year's Estimates)
9.68% (Based on Next Year's Estimates)
|
Dividend History by Quarter for Wipro Limited (NYSE WIT)| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 1/25/2017 | | $0.01 | | 2/1/2017 | 2/3/2017 | 2/3/2017 |
| 6/7/2016 | | $0.01 | | 7/7/2016 | 7/11/2016 | 7/11/2016 |
| 1/20/2016 | | $0.04 | | 1/25/2016 | 1/27/2016 | 1/27/2016 |
(Data available from 1/1/2013 forward)
Insider Trading History for Wipro Limited (NYSE:WIT)
No insider trades for this company have been tracked by MarketBeat.com
Headline Trends for Wipro Limited (NYSE:WIT)
Latest Headlines for Wipro Limited (NYSE:WIT)
| Source: |
|
| Date | Headline |
|---|
 | Wipro Limited (WIT) Lowered to Hold at Zacks Investment Research
www.americanbankingnews.com - September 20 at 2:02 PM |
 | Corporate News Blog - Wipro and Hewlett Packard Plan to Provide Enterprise Hybrid Cloud Solution Based on HPE ProLiant for Microsoft Azure Stack
finance.yahoo.com - September 19 at 9:33 AM |
 | Goldman Sachs Downgrades Wipro Ltd. (WIT) to Sell, Headwinds Remain
www.streetinsider.com - September 18 at 8:00 AM |
| Goldman Sachs Group, Inc. (The) Lowers Wipro Limited (WIT) to Sell
www.americanbankingnews.com - September 17 at 5:52 PM |
 | Wipro selected as a strategic partner for Data Center Services by ... - Business Wire (press release)
www.businesswire.com - September 16 at 10:31 AM |
 | Wipro announces HPE joint offer, new energy contract - Seeking Alpha
seekingalpha.com - September 16 at 10:31 AM |
 | Wipro will push McLaren's sports car business through artificial intelligence
www.msn.com - September 15 at 11:31 AM |
| Wipro joins The Linux Foundation, Strengthening Collaboration and Commitment to Open Source Technologies
finance.yahoo.com - September 15 at 11:30 AM |
| Wipro joins Automotive Grade Linux to Accelerate Open Source Adoption
finance.yahoo.com - September 15 at 11:30 AM |
| Wipro selected as a strategic partner for Data Center Services by innogy
finance.yahoo.com - September 15 at 11:30 AM |
| Wipro and Hewlett Packard Enterprise to Deliver Enterprise Hybrid Cloud Solution Based on HPE ProLiant for Microsoft Azure Stack
finance.yahoo.com - September 15 at 11:30 AM |
| BNP Paribas Lowers Wipro Limited (WIT) to Reduce
www.americanbankingnews.com - September 14 at 11:43 AM |
| Wipro Chairman Premji Leads Growth Investment In Apttus - Seeking Alpha
seekingalpha.com - September 13 at 4:13 PM |
| Wipro partners with Rebuild Texas Fund to help recovery and rebuilding efforts in Texas - Business Wire (press release)
www.businesswire.com - September 13 at 11:21 AM |
| Wipro partners with Rebuild Texas Fund to help recovery and rebuilding efforts in Texas
finance.yahoo.com - September 13 at 11:21 AM |
| Wipro Joins Hyperledger to Catalyze Collaboration on Enterprise-Grade Blockchain Solutions
finance.yahoo.com - September 13 at 11:21 AM |
| Zinnov Positions Wipro in the 'Leadership Zone' for Robotic ... - Business Wire (press release)
www.businesswire.com - September 9 at 10:02 AM |
| Zinnov Positions Wipro in the ‘Leadership Zone’ for Robotic Automation Services 2017
finance.yahoo.com - September 9 at 10:02 AM |
| Wipro Limited (WIT) Upgraded at Zacks Investment Research
www.americanbankingnews.com - September 7 at 12:24 PM |
| Wipro launches new digital pod in Scotland - Seeking Alpha
seekingalpha.com - September 6 at 10:20 AM |
| Wipro Launches Digital Pod in Edinburgh, Scotland
finance.yahoo.com - September 4 at 7:55 AM |
 | Validea Warren Buffett Strategy Daily Upgrade Report - 8/29/2017 - Nasdaq
www.nasdaq.com - August 30 at 4:04 PM |
| Wipro Limited (WIT) Given Consensus Rating of "Hold" by Brokerages
www.americanbankingnews.com - August 29 at 8:44 AM |
 | German financial services provider picks Atlanta for division headquarters
www.bizjournals.com - August 28 at 7:43 AM |
| Wipro Limited (WIT) Stock Rating Lowered by BidaskClub
www.americanbankingnews.com - August 27 at 5:00 PM |
| Wipro, First Book Bring New Books to Houston Area Kids in Need - Business Wire (press release)
www.businesswire.com - August 24 at 6:26 AM |
| Wipro, First Book Bring New Books to Seattle Area Kids in Need
finance.yahoo.com - August 23 at 1:58 PM |
| Wipro, First Book Bring New Books to Houston Area Kids in Need
finance.yahoo.com - August 23 at 1:58 PM |
| Wipro Wins Managed Services Engagement with Grameenphone
finance.yahoo.com - August 17 at 9:21 AM |
| Innogy Business Services UK and Wipro Named Winners of ISG Paragon Awards™ Europe - Business Wire (press release)
www.businesswire.com - August 10 at 9:43 AM |
| Innogy Business Services UK and Wipro Named Winners of ISG Paragon Awards™ Europe
finance.yahoo.com - August 10 at 9:43 AM |
| Wipro, First Book Bring New Books to Boston Area Kids in Need - Business Wire (press release)
www.businesswire.com - August 9 at 9:08 AM |
| Wipro, Excelfore Partner to Offer Secure Connectivity Solutions for Next-Gen Smart and Autonomous Vehicles - Business Wire (press release)
www.businesswire.com - August 9 at 9:08 AM |
| Wipro, Excelfore Partner to Offer Secure Connectivity Solutions for Next-Gen Smart and Autonomous Vehicles
finance.yahoo.com - August 9 at 9:08 AM |
| Wipro, First Book Bring New Books to Boston Area Kids in Need
finance.yahoo.com - August 9 at 9:08 AM |
| Wipro Develops Industry Focused Big Data Analytics-as-a-Service Platform on Microsoft Azure - Business Wire (press release)
www.businesswire.com - August 7 at 3:22 PM |
| United Technologies (UTX) Likely to Acquire Rockwell Collins - Nasdaq
www.nasdaq.com - August 7 at 3:22 PM |
| Wipro Limited (WIT) Upgraded to Strong-Buy at BidaskClub
www.americanbankingnews.com - August 4 at 7:26 PM |
 | Wipro Recognized with Elevate Texas Award - PR Newswire (press release)
www.prnewswire.com - August 4 at 9:58 AM |
| ETFs with exposure to Wipro Ltd. : August 4, 2017
finance.yahoo.com - August 4 at 9:58 AM |
| Wipro Limited (WIT) Given Average Recommendation of "Hold" by Analysts
www.americanbankingnews.com - August 4 at 8:26 AM |
| Wipro Launches Silicon Valley Innovation Center in Mountain View
finance.yahoo.com - August 2 at 8:41 AM |
| Wipro Limited (WIT) Short Interest Down 7.3% in July
www.americanbankingnews.com - August 1 at 7:10 AM |
| Today's Research Report Coverage on IT Services Stocks -- Wipro, Internap, Atlassian, and 21Vianet
www.prnewswire.com - July 31 at 8:08 AM |
| Wipro Limited (NYSE:WIT) Upgraded at Zacks Investment Research
www.americanbankingnews.com - July 25 at 11:34 AM |
| Wipro and Hewlett Packard Enterprise Partner to Offer Consumption-Based IT Infrastructure Solutions - Business Wire (press release)
www.businesswire.com - July 25 at 8:30 AM |
| Wipro and Hewlett Packard Enterprise Partner to Offer Consumption-Based IT Infrastructure Solutions
finance.yahoo.com - July 25 at 8:30 AM |
| Compuware and Wipro Jointly Launch a Mainframe Center of Excellence
finance.yahoo.com - July 25 at 8:30 AM |
| Research Analysts Issue Forecasts for Wipro Limited's FY2020 Earnings (NYSE:WIT)
www.americanbankingnews.com - July 24 at 11:30 AM |
| Traders Purchase High Volume of Wipro Limited Put Options (NYSE:WIT)
www.americanbankingnews.com - July 24 at 10:18 AM |
Wipro Limited (WIT) Chart for Friday, September, 22, 2017
