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NYSE:WIT

Wipro Stock Forecast, Price & News

$6.17
-0.09 (-1.44 %)
(As of 02/26/2021 11:06 AM ET)
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Today's Range
$6.11
Now: $6.17
$6.20
50-Day Range
$5.96
MA: $6.46
$6.73
52-Week Range
$2.52
Now: $6.17
$6.74
Volume36,250 shs
Average Volume2.28 million shs
Market Capitalization$35.13 billion
P/E Ratio26.83
Dividend Yield0.16%
Beta0.6
Wipro Limited operates as an information technology (IT), consulting, and business process services (BPS) company worldwide. It operates in three segments: IT Services, IT Products, and India State Run Enterprise Services (ISRE). The IT Services segment offers 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, analytics, business process, research and development, and hardware and software design services to 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 IT Products segment provides a range of 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. It serves enterprises in various industries primarily in the India market, which comprise the government, defense, IT and IT-enabled services, telecommunications, manufacturing, utilities, education, and financial services sectors. The ISRE segment offers IT services to entities and/or departments owned or controlled by the Government of India and/or various Indian State Governments. The company has research collaboration agreements with the University of Texas at Austin; Tel Aviv University, Israel; Swinburne University, Melbourne; IIT Kharagpur; IIT Madras; IISc Bangalore; and University of Agricultural Sciences, Bangalore; and strategic relationship with Amazon Web Services in the area of DevOps. Wipro Limited was founded in 1945 and is based in Bengaluru, India.
Wipro logo

Headlines

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Industry, Sector and Symbol

Industry Custom computer programming services
Sub-IndustryN/A
CUSIPN/A
Phone91-80-4672-6603
Employees190,308
Year Founded1945

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$8.09 billion
Cash Flow$0.34 per share
Book Value$1.30 per share

Profitability

Net Income$1.29 billion

Miscellaneous

Outstanding Shares5,693,047,000
Market Cap$35.13 billion
Next Earnings Date4/21/2021 (Estimated)
OptionableOptionable

MarketRank

Overall MarketRank

1.19 out of 5 stars

Computer And Technology Sector

532nd out of 1,516 stocks

Custom Computer Programming Services Industry

18th out of 45 stocks

Analyst Opinion: 0.0Community Rank: 1.8Dividend Strength: 1.7Insider Behavior: 0.0Valuation: 2.5 5 -4 -3 -2 -1 -
$6.17
-0.09 (-1.44 %)
(As of 02/26/2021 11:06 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Wipro (NYSE:WIT) Frequently Asked Questions

Is Wipro a buy right now?

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Wipro in the last twelve months. There are currently 1 sell rating, 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" Wipro stock. 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 analyst ratings for Wipro
or view top-rated stocks.

What stocks does MarketBeat like better than Wipro?

Wall Street analysts have given Wipro a "Hold" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Wipro wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is Wipro's next earnings date?

Wipro is scheduled to release its next quarterly earnings announcement on Wednesday, April 21st 2021.
View our earnings forecast for Wipro
.

How were Wipro's earnings last quarter?

Wipro Limited (NYSE:WIT) announced its earnings results on Tuesday, January, 12th. The information technology services provider reported $0.07 earnings per share for the quarter, beating analysts' consensus estimates of $0.06 by $0.01. The information technology services provider earned $2.15 billion during the quarter, compared to the consensus estimate of $2.11 billion. Wipro had a trailing twelve-month return on equity of 17.14% and a net margin of 15.72%.
View Wipro's earnings history
.

How has Wipro's stock price 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 shares have increased by 96.5% and is now trading at $6.17.
View which stocks have been most impacted by COVID-19
.

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

Wipro announced an annual dividend on Wednesday, January 13th. Shareholders of record on Monday, January 25th will be given a dividend of $0.012 per share on Monday, January 25th. This represents a yield of 0.19%. The ex-dividend date of this dividend is Friday, January 22nd.
View Wipro's dividend history
.

Is Wipro a good dividend stock?

Wipro pays an annual dividend of $0.01 per share and currently has a dividend yield of 0.16%. The dividend payout ratio of Wipro is 4.55%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Wipro will have a dividend payout ratio of 4.00% next year. This indicates that Wipro will be able to sustain or increase its dividend.
View Wipro's dividend history.

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

Wipro shares split 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.

Who are Wipro's key executives?

Wipro's management team includes the following people:
  • Mr. Rishad Azim Hasham Premji Jr., Exec. Chairman (Age 44) (LinkedIn Profile)
  • Mr. B. M. Bhanumurthy, Pres & COO (Age 57) (LinkedIn Profile)
  • Mr. Saurabh Govil, Pres & Chief HR Officer (Age 53) (LinkedIn Profile)
  • Mr. Jatin Pravinchandra Dalal, Pres & CFO (Age 46)
  • Mr. K. R. Sanjiv, Chief Technology Officer (Age 57)
  • Mr. Deepak Acharya, Gen. Counsel & Global Head of Legal (Age 54)
  • Mr. Anand Padmanabhan, Pres of Bus. Devel. & Strategic Sales (Age 58) (LinkedIn Profile)
  • Ms. Sunita Rebecca Cherian, Sr. VP of HR (Age 47)
  • Mr. Keyur Maniar BE, MBA, Diploma, Sr. VP (Age 51)
  • Kumudha Sridharan, Sr. VP (Age 57)

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

60 employees have rated Wipro CEO Thierry Delaporte on Glassdoor.com. Thierry Delaporte has an approval rating of 86% among Wipro's employees.

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), Cisco Systems (CSCO), Raytheon Technologies (RTX), Abbott Laboratories (ABT), Ford Motor (F), The 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 a number of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (0.21%), Aperio Group LLC (0.08%), First Trust Advisors LP (0.08%), Morgan Stanley (0.07%), Fisher Asset Management LLC (0.07%) and Schroder Investment Management Group (0.07%).

Which major investors are selling Wipro stock?

WIT stock was sold by a variety of institutional investors in the last quarter, including Schroder Investment Management Group, BlackRock Inc., Renaissance Technologies LLC, Fisher Asset Management LLC, Ativo Capital Management LLC, CWM Advisors LLC, Zurcher Kantonalbank Zurich Cantonalbank, and United Capital Financial Advisers LLC.

Which major investors are buying Wipro stock?

WIT stock was purchased by a variety of institutional investors in the last quarter, including Morgan Stanley, First Trust Advisors LP, Nordea Investment Management AB, Russell Investments Group Ltd., Causeway Capital Management LLC, Janney Montgomery Scott LLC, Marshall Financial Group LLC, and Ovata Capital Management Ltd.

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 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 $6.17.

How much money does Wipro make?

Wipro has a market capitalization of $35.13 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.

How many employees does Wipro have?

Wipro employs 190,308 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, 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.

When was Wipro founded?

Wipro was founded in 1945.

What is Wipro's official website?

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

Where are Wipro's headquarters?

Wipro is headquartered at DODDAKANAHALLI VILLAG VARTHUR HOBLI SARJAPUR RD, BANGALORE K7, 560035.

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 2/26/2021 by MarketBeat.com Staff

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