S&P 500   4,297.14
DOW   33,912.44
QQQ   333.06
The Five Hottest Calls From The Q2 Earnings Season 
A Hot Tech Company With Strong Patents & Partners (Ad)pixel
Buffett's firm buys more Apple, Amazon while betting on oil
3 Stocks Set to Lead the Nasdaq Bull Market
Norway hits export record amid soaring gas prices
A Hot Tech Company With Strong Patents & Partners (Ad)pixel
Stocks end higher on Wall Street; economic worries hit oil
Myanmar executions revive pressure for more sanctions
Is Ford About To Crush Workhorse Group? 
How to Get ANOTHER 80% Off the Best Cryptos (Ad)pixel
S&P 500   4,297.14
DOW   33,912.44
QQQ   333.06
The Five Hottest Calls From The Q2 Earnings Season 
A Hot Tech Company With Strong Patents & Partners (Ad)pixel
Buffett's firm buys more Apple, Amazon while betting on oil
3 Stocks Set to Lead the Nasdaq Bull Market
Norway hits export record amid soaring gas prices
A Hot Tech Company With Strong Patents & Partners (Ad)pixel
Stocks end higher on Wall Street; economic worries hit oil
Myanmar executions revive pressure for more sanctions
Is Ford About To Crush Workhorse Group? 
How to Get ANOTHER 80% Off the Best Cryptos (Ad)pixel
S&P 500   4,297.14
DOW   33,912.44
QQQ   333.06
The Five Hottest Calls From The Q2 Earnings Season 
A Hot Tech Company With Strong Patents & Partners (Ad)pixel
Buffett's firm buys more Apple, Amazon while betting on oil
3 Stocks Set to Lead the Nasdaq Bull Market
Norway hits export record amid soaring gas prices
A Hot Tech Company With Strong Patents & Partners (Ad)pixel
Stocks end higher on Wall Street; economic worries hit oil
Myanmar executions revive pressure for more sanctions
Is Ford About To Crush Workhorse Group? 
How to Get ANOTHER 80% Off the Best Cryptos (Ad)pixel
S&P 500   4,297.14
DOW   33,912.44
QQQ   333.06
The Five Hottest Calls From The Q2 Earnings Season 
A Hot Tech Company With Strong Patents & Partners (Ad)pixel
Buffett's firm buys more Apple, Amazon while betting on oil
3 Stocks Set to Lead the Nasdaq Bull Market
Norway hits export record amid soaring gas prices
A Hot Tech Company With Strong Patents & Partners (Ad)pixel
Stocks end higher on Wall Street; economic worries hit oil
Myanmar executions revive pressure for more sanctions
Is Ford About To Crush Workhorse Group? 
How to Get ANOTHER 80% Off the Best Cryptos (Ad)pixel
NYSE:WIT

Wipro - WIT Stock Forecast, Price & News

$5.51
0.00 (0.00%)
(As of 08/15/2022 12:00 AM ET)
Add
Compare
Today's Range
$5.48
$5.53
50-Day Range
$4.97
$6.02
52-Week Range
$4.94
$9.96
Volume
1.36 million shs
Average Volume
3.36 million shs
Market Capitalization
$30.12 billion
P/E Ratio
20.41
Dividend Yield
1.27%
Price Target
$4.70

Wipro MarketRank™ Forecast

Analyst Rating
Hold
1.63 Rating Score
Upside/​Downside
14.7% Downside
$4.70 Price Target
Short Interest
Healthy
0.19% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
N/A
Insider Trading
N/A
Proj. Earnings Growth
11.11%
From $0.27 to $0.30 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.14 out of 5 stars

Computer And Technology Sector

411th out of 664 stocks

Custom Computer Programming Services Industry

18th out of 30 stocks

WIT stock logo

About Wipro (NYSE:WIT) Stock

Wipro Ltd. is a global information technology, consulting and outsourcing company, which engages in the development and integration of solutions. It operates through the following segments: Information Technology Services, India State Run Enterprise (ISRE), and Information Technology Products. The Information Technology Services segment 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 to enterprises worldwide. The Information Technology Products segment offers a range of third-party IT products, which allows the firm to provide comprehensive IT system integration services. The ISRE segment is composed of IT services offerings to organizations owned or controlled by the Government of India and any Indian State Governments. The company was founded on December 29, 1945 and is headquartered in Bengaluru, India.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on WIT shares. StockNews.com lowered shares of Wipro from a "buy" rating to a "hold" rating in a research report on Wednesday, June 29th. Citigroup downgraded shares of Wipro from a "buy" rating to a "sell" rating in a research report on Wednesday, July 20th. Wedbush reaffirmed an "underperform" rating on shares of Wipro in a research report on Wednesday, July 20th. Morgan Stanley downgraded Wipro from an "overweight" rating to an "underweight" rating in a research note on Thursday, July 14th. Finally, TheStreet downgraded Wipro from a "b-" rating to a "c+" rating in a report on Friday, July 8th. Five equities research analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of $4.70.

Wipro Price Performance

WIT traded up $0.02 during trading on Monday, hitting $5.53. The company's stock had a trading volume of 58,698 shares, compared to its average volume of 3,350,140. The firm has a market capitalization of $30.22 billion, a price-to-earnings ratio of 20.41, a P/E/G ratio of 2.27 and a beta of 0.83. Wipro has a twelve month low of $4.94 and a twelve month high of $9.96. The business's fifty day simple moving average is $5.38 and its 200 day simple moving average is $6.49. The company has a current ratio of 1.95, a quick ratio of 1.94 and a debt-to-equity ratio of 0.09.

Wipro (NYSE:WIT - Get Rating) last released its quarterly earnings results on Wednesday, July 20th. The information technology services provider reported $0.06 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.08 by ($0.02). The company had revenue of $2.72 billion during the quarter, compared to analyst estimates of $2.75 billion. Wipro had a net margin of 14.06% and a return on equity of 17.66%. On average, equities research analysts forecast that Wipro will post 0.27 EPS for the current fiscal year.

Receive WIT Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Wipro and its competitors with MarketBeat's FREE daily newsletter.

WIT Stock News Headlines

Brokerages Set Wipro Limited (NYSE:WIT) Price Target at $4.70
Wipro (NYSE:WIT) Stock Rating Lowered by Citigroup
See More Headlines
Receive WIT Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Wipro and its competitors with MarketBeat's FREE daily newsletter.

WIT Company Calendar

Last Earnings
7/20/2022
Today
8/16/2022
Next Earnings (Estimated)
10/12/2022
Fiscal Year End
3/31/2023

Industry, Sector and Symbol

Industry
Custom computer programming services
Sub-Industry
N/A
Employees
240,000
Year Founded
1945

Price Target and Rating

Average Stock Price Forecast
$4.70
High Stock Price Forecast
$4.70
Low Stock Price Forecast
$4.70
Forecasted Upside/Downside
-14.7%
Consensus Rating
Hold
Rating Score (0-4)
1.63
Research Coverage
8 Analysts

Profitability

Net Income
$1.61 billion
Pretax Margin
17.49%

Debt

Sales & Book Value

Annual Sales
$10.43 billion
Cash Flow
$0.37 per share
Book Value
$1.59 per share

Miscellaneous

Outstanding Shares
5,465,531,000
Free Float
5,410,876,000
Market Cap
$30.12 billion
Optionable
Optionable
Beta
0.83

Social Links















WIT Stock - Frequently Asked Questions

Should I buy or sell Wipro stock right now?

8 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Wipro in the last twelve months. There are currently 5 sell ratings, 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" WIT shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in WIT, but not buy additional shares or sell existing shares.
View WIT analyst ratings
or view top-rated stocks.

What is Wipro's stock price forecast for 2022?

8 Wall Street research analysts have issued 12-month price objectives for Wipro's stock. Their WIT share price forecasts range from $4.70 to $4.70. On average, they predict the company's share price to reach $4.70 in the next twelve months. This suggests that the stock has a possible downside of 14.7%.
View analysts price targets for WIT
or view top-rated stocks among Wall Street analysts.

How have WIT shares performed in 2022?

Wipro's stock was trading at $9.76 at the beginning of 2022. Since then, WIT stock has decreased by 43.5% and is now trading at $5.51.
View the best growth stocks for 2022 here
.

When is Wipro's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 12th 2022.
View our WIT earnings forecast
.

How were Wipro's earnings last quarter?

Wipro Limited (NYSE:WIT) issued its earnings results on Wednesday, July, 20th. The information technology services provider reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by $0.02. The information technology services provider earned $2.72 billion during the quarter, compared to analysts' expectations of $2.75 billion. Wipro had a trailing twelve-month return on equity of 17.66% and a net margin of 14.06%.

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

Wipro declared a dividend on Friday, March 25th. Stockholders of record on Wednesday, April 6th will be paid a dividend of $0.059 per share on Wednesday, April 6th. The ex-dividend date of this dividend is Tuesday, April 5th. This is a boost from the stock's previous dividend of $0.02.
Read our dividend analysis for WIT
.

Is Wipro a good dividend stock?

Wipro (NYSE:WIT) pays an annual dividend of $0.07 per share and currently has a dividend yield of 1.27%. The dividend payout ratio is 25.93%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, WIT will have a dividend payout ratio of 23.33% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for WIT.

When did Wipro's stock split?

Wipro shares 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 issued to shareholders after the market closes on Tuesday, April 25th 2017. An investor that had 100 shares of stock prior to the split would have 200 shares after the split.

What is Thierry Delaporte's approval rating as Wipro's CEO?

60 employees have rated Wipro Chief Executive Officer Thierry Delaporte on Glassdoor.com. Thierry Delaporte has an approval rating of 86% among the company's employees.

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), Cisco Systems (CSCO), Raytheon Technologies (RTX), Abbott Laboratories (ABT), Ford Motor (F), Walt Disney (DIS), Intel (INTC), Tata Motors (TTM), Alibaba Group (BABA) and General Electric (GE).

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 many different retail and institutional investors. Top institutional shareholders include State Street Corp (0.17%), JPMorgan Chase & Co. (0.09%), SG Americas Securities LLC (0.05%), Citadel Advisors LLC (0.04%), Assenagon Asset Management S.A. (0.03%) and Deutsche Bank AG (0.02%).

How do I buy shares of Wipro?

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

What is Wipro's stock price today?

One share of WIT stock can currently be purchased for approximately $5.51.

How much money does Wipro make?

Wipro (NYSE:WIT) has a market capitalization of $30.12 billion and generates $10.43 billion in revenue each year. The information technology services provider earns $1.61 billion in net income (profit) each year or $0.27 on an earnings per share basis.

How many employees does Wipro have?

The company employs 240,000 workers across the globe.

Does Wipro have any subsidiaries?
The following companies are subsidiares of Wipro: 4C, ATCO I-Tek Inc., Appirio Inc., Appirio India Cloud Solutions Private Limited, Capco, Cellent GmbH, Citi Technology Services, Cooper Software Inc., Designit A/S, Designit Denmark A/S, Designit Germany GmbH, Designit Oslo A/S, Designit Spain Digital S.L., Designit Sweden AB, Designit T.L.V Ltd., Designit Tokyo Ltd., Global Oil and Gas Information Technology Services Business, HPH Holdings Corp., HealthPlan Services, HealthPlan Services Inc., InfoServer, Infocrossing LLC, International TechneGroup, Opus Capital Markets Consultants, Opus Capital Markets Consultants LLC, PT. WT Indonesia, Promax Application Group, Rainbow Software LLC, Rational Interaction Inc., TechneGroup Incorporated, Viteos Group, Wipro (Dalian) Limited, Wipro (Thailand) Co. Limited, Wipro Airport IT Services Limited*, Wipro Arabia Co. Limited, Wipro Bahrain Limited Co. S.P.C., Wipro Chengdu Limited, Wipro Corporate Technologies Ghana Limited, Wipro Cyprus Private Limited, Wipro Digital Aps, Wipro Doha LLC, Wipro Europe Limited, Wipro Financial Services UK Limited, Wipro Gallagher Solutions LLC, Wipro Gulf LLC, Wipro HR Services India Private Limited, Wipro Holdings (Mauritius) Limited, Wipro Holdings (UK) Limited, Wipro Holdings Hungary Korlátolt Felelosségu Társaság, Wipro Holdings Investment Korlátolt Felelosségu Társaság, Wipro IT Service Ukraine LLC, Wipro IT Services Bangladesh Limited, Wipro IT Services LLC, Wipro IT Services Poland SP Z.O.O, Wipro IT Services S.R.L., Wipro IT Services SE, Wipro Information Technology Austria GmbH, Wipro Information Technology Egypt SAE, Wipro Information Technology Kazakhstan LLP, Wipro Information Technology Netherlands BV., Wipro Insurance Solutions LLC, Wipro Japan KK, Wipro LLC, Wipro LLC, Wipro Networks Pte Limited, Wipro Outsourcing Services (Ireland) Limited, Wipro Overseas IT Services Pvt. Ltd, Wipro Philippines Inc., Wipro Poland SP Z.O.O, Wipro Portugal S.A., Wipro Promax Analytics Solutions Americas LLC, Wipro Shanghai Limited, Wipro Solutions Canada Limited, Wipro Technologies Australia Pty Ltd, Wipro Technologies Limited, Wipro Technologies Nigeria Limited, Wipro Technologies Peru S.A.C., Wipro Technologies S.R.L., Wipro Technologies SA, Wipro Technologies SA DE CV, Wipro Technologies SDN BHD, Wipro Technologies South Africa (Proprietary) Limited, Wipro Technologies VZ C.A., Wipro Technologies W.T. Sociedad Anonima, Wipro Technology Chile SPA, Wipro Trademarks Holding Limited, Wipro Travel Services Limited, Wipro UK Limited, Wipro US Foundation International, Wipro do Brasil Servicos de Tecnologia S.A., Wipro do Brasil Technologia Ltda, and Women’s Business Park Technologies Limited.
Read More
When was Wipro founded?

Wipro was founded in 1945.

How can I contact Wipro?

Wipro's mailing address is DODDAKANAHALLI VILLAG VARTHUR HOBLI SARJAPUR RD, BANGALORE K7, 560035. The official website for the company is www.wipro.com. The information technology services provider can be reached via phone at 918046827999, via email at investor.relations@wipro.com, or via fax at 91-80-2844-0054.

This page (NYSE:WIT) was last updated on 8/16/2022 by MarketBeat.com Staff

MarketBeat Resources

Premium Research Tools

MarketBeat All Access subscribers can access stock screeners, the Idea Engine, data export tools, research reports, and other premium tools.

Discover All Access

Market Data and Calendars

Looking for new stock ideas? Want to see which stocks are moving? View our full suite of financial calendars and market data tables, all for free.

View Market Data

Investing Education and Resources

Receive a free world-class investing education from MarketBeat. Learn about financial terms, types of investments, trading strategies and more.

Financial Terms
Details Here
MarketBeat - Stock Market News and Research Tools logo

MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Learn more about MarketBeat.

MarketBeat is accredited by the Better Business Bureau MarketBeat is rated as Great on TrustPilot

© American Consumer News, LLC dba MarketBeat® 2010-2022. All rights reserved.
326 E 8th St #105, Sioux Falls, SD 57103 | contact@marketbeat.com | (844) 978-6257
MarketBeat does not provide personalized financial advice and does not issue recommendations or offers to buy stock or sell any security.

Our Accessibility Statement | Terms of Service | Privacy Policy | Do Not Sell My Information | RSS Feeds

© 2022 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see Barchart's disclaimer.