NYSE:WIT - Wipro Stock Price, Price Target & More

$5.26 +0.03 (+0.57 %)

(As of 04/20/2018 06:42 AM ET)

Previous Close$5.23

Today's Range$5.20 - $5.26

52-Week Range$4.75 - $6.40

Volume915,700 shs

Average Volume1.48 million shs

Market Capitalization$23.98 billion

P/E Ratio19.48

Dividend Yield0.59%

Beta0.67

About Wipro (NYSE:WIT)

Wipro Limited operates as an information technology (IT), consulting, and business process services company worldwide. The company's IT 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, infrastructure services, analytics services, business process services, research and development, and hardware and software design services to enterprises. This segment serves customers in various industry verticals comprising banking, financial services, and insurance; healthcare and life sciences; consumer business units; energy, natural resources, and utilities; manufacturing and technology; and communications. Its IT Products segment distributes third-party IT products comprising enterprise platforms, networking solutions, software products, data storage, contact center infrastructure, enterprise security, IT optimization technologies, video solutions, and end-user computing solutions. This segment sells its products through direct sales force to enterprises in various industries, including government, defense, IT and IT-enabled services, telecommunications, manufacturing, utilities, education, and financial services. The company also operates crowdsourcing marketplace, which connects various designers, developers, and data scientists with customers via online computer programming competitions hosted on its platform. Wipro Limited has a collaboration with Red Hat, Inc. to set up a cloud application factory that offers developers and IT teams a methodology for application modernization across public, private, and hybrid clouds. The company was founded in 1945 and is headquartered in Bengaluru, India.

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Industry, Sector and Symbol

Industry Custom computer programming services

Sub-IndustryN/A

SectorComputer and Technology

SymbolNYSE:WIT

CUSIPN/A

Webwww.wipro.com

Phone91-80-4672-6603

Debt

Debt-to-Equity Ratio0.06%

Current Ratio2.16%

Quick Ratio2.14%

Price-To-Earnings

Trailing P/E Ratio19.48

Forward P/E Ratio19.48

P/E Growth2.25

Sales & Book Value

Annual Sales$8.49 billion

Price / Sales2.79

Cash Flow$0.3380 per share

Price / Cash15.56

Book Value$1.66 per share

Price / Book3.17

Profitability

EPS (Most Recent Fiscal Year)$0.27

Net Income$1.31 billion

Net Margins15.46%

Return on Equity16.09%

Return on Assets10.54%

Miscellaneous

Employees160,000

Outstanding Shares4,499,160,000

How to Become a New Pot Stock Millionaire

Wipro (NYSE:WIT) Frequently Asked Questions

What is Wipro's stock symbol?

Wipro trades on the New York Stock Exchange (NYSE) under the ticker symbol "WIT."

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

Wipro declared a dividend on Friday, January 19th. Shareholders of record on Thursday, February 1st will be paid a dividend of $0.016 per share on Thursday, February 1st. The ex-dividend date of this dividend is Wednesday, January 31st. This is a boost from Wipro's previous dividend of $0.01. 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 minted shares were distributed 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.

How will Wipro's stock buyback program work?

Wipro announced that its board has approved a stock repurchase program on Friday, July 21st 2017, which allows the company to buyback $1,700,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to reacquire up to 6.1% of its shares through a tender offer. Shares buyback programs are generally a sign that the company's leadership believes its stock is undervalued.

How were Wipro's earnings last quarter?

Wipro (NYSE:WIT) released its quarterly earnings results on Tuesday, October, 17th. The information technology services provider reported $0.07 EPS for the quarter, topping the consensus estimate of $0.06 by $0.01. The information technology services provider had revenue of $2.06 billion for the quarter, compared to analyst estimates of $2.17 billion. Wipro had a net margin of 15.46% and a return on equity of 16.09%. View Wipro's Earnings History.

When is Wipro's next earnings date?

Wipro is scheduled to release their next quarterly earnings announcement on Wednesday, April, 25th 2018. View Earnings Estimates for Wipro.

What price target have analysts set for WIT?

5 brokers have issued twelve-month target prices for Wipro's stock. Their forecasts range from $277.00 to $277.00. On average, they anticipate Wipro's stock price to reach $277.00 in the next year. View Analyst Ratings for Wipro.

Are investors shorting Wipro?

Wipro saw a decline in short interest in March. As of March 29th, there was short interest totalling 23,445,261 shares, a decline of 22.1% from the March 15th total of 30,098,349 shares. Based on an average daily volume of 2,314,072 shares, the short-interest ratio is currently 10.1 days. Currently, 0.5% of the company's stock are short sold.

Who are some of Wipro's key competitors?

Some companies that are related to Wipro include Infosys (INFY), Ntt Data (NTDTY), Verisign (VRSN), Amdocs (DOX), Obic (OBIIF), Aspen Technology (AZPN), EPAM Systems (EPAM), Gemalto (GTOMY), Sogou (SOGO), Zscaler (ZS), Callidus Software (CALD), Syntel (SYNT), Virtusa (VRTU), Luxoft (LXFT), PROS (PRO), Monotype Imaging (TYPE), Perficient (PRFT) and Glu Mobile (GLUU).

Who are Wipro's key executives?

Wipro's management team includes the folowing people:

Mr. Azim Hasham Premji, Founder, Exec. Chairman & MD (Age 73)
Mr. Abidali Z. Neemuchwala M.Tech., CEO & Exec. Director (Age 51)
Mr. Jatin Pravinchandra Dalal, CFO & Sr. VP (Age 43)
Mr. Rishad Azim Hasham Premji, Chief Strategy Officer & Exec. Director (Age 41)
Mr. B. M. Bhanumurthy, Pres & COO (Age 54)

Has Wipro been receiving favorable news coverage?

Media coverage about WIT stock has trended somewhat positive recently, Accern Sentiment reports. Accern scores the sentiment of media coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Wipro earned a media sentiment score of 0.20 on Accern's scale. They also gave media headlines about the information technology services provider an impact score of 46.08 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock's share price in the near future.

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, Scottrade, Fidelity and Charles Schwab.

What is Wipro's stock price today?

One share of WIT stock can currently be purchased for approximately $5.26.

How big of a company is Wipro?

Wipro has a market capitalization of $23.98 billion and generates $8.49 billion in revenue each year. The information technology services provider earns $1.31 billion in net income (profit) each year or $0.27 on an earnings per share basis. Wipro employs 160,000 workers across the globe.

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]

MarketBeat Community Rating for Wipro (WIT)

Community Ranking:		1.7 out of 5 ()
Outperform Votes:		162 (Vote Outperform)
Underperform Votes:		316 (Vote Underperform)
Total Votes:		478

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.

Wipro (NYSE:WIT) Price Target and Consensus Rating

(How are Consensus Ratings Calculated?)

5 Wall Street analysts have issued ratings and price targets for Wipro in the last 12 months. Their average twelve-month price target is $277.00, suggesting that the stock has a possible upside of 5,166.16%. The high price target for WIT is $277.00 and the low price target for WIT is $277.00. There are currently 3 sell ratings and 2 hold ratings for the stock, resulting in a consensus rating of "Sell."

	Today	30 Days Ago	90 Days Ago	180 Days Ago
Consensus Rating:	Sell	Sell	Sell	Sell
Consensus Rating Score:	1.40	1.20	1.25	1.20
Ratings Breakdown:	3 Sell Rating(s) 2 Hold Rating(s) 0 Buy Rating(s) 0 Strong Buy Rating(s)	4 Sell Rating(s) 1 Hold Rating(s) 0 Buy Rating(s) 0 Strong Buy Rating(s)	3 Sell Rating(s) 1 Hold Rating(s) 0 Buy Rating(s) 0 Strong Buy Rating(s)	4 Sell Rating(s) 1 Hold Rating(s) 0 Buy Rating(s) 0 Strong Buy Rating(s)
Consensus Price Target:	$277.00	$277.00	$277.00	$277.00
Price Target Upside:	5,166.16% upside	4,837.61% upside	4,675.86% upside	4,675.86% upside

Wipro (NYSE:WIT) Consensus Price Target History

Price Target History for Wipro (NYSE:WIT)

Wipro (NYSE:WIT) Analyst Ratings History

Show:

Date	Brokerage	Action	Rating	Price Target	Impact on Share Price
4/9/2018	BNP Paribas	Upgrade	Reduce -> Hold		Low
1/22/2018	Credit Suisse Group	Downgrade	Neutral -> Sell		High
9/17/2017	Goldman Sachs	Downgrade	Neutral -> Sell		Low
7/21/2017	Bank of America	Boost Price Target	Neutral	$250.00 -> $277.00	Low
6/6/2017	Jefferies Group	Downgrade	Hold -> Underperform		Medium
10/24/2016	Nomura	Downgrade	Neutral -> Reduce		N/A
9/8/2016	Wedbush	Initiated Coverage	Underperform	$4.25	N/A
4/21/2016	Citigroup	Downgrade	Neutral -> Sell		N/A

(Data available from 4/20/2016 forward)

Wipro (NYSE:WIT) Earnings History and Estimates Chart

Earnings by Quarter for Wipro (NYSE:WIT)

Wipro (NYSE:WIT) Earnings Estimates

2018 EPS Consensus Estimate: $0.37
2019 EPS Consensus Estimate: $0.28

Quarter	Number of Estimates	Low Estimate	High Estimate	Average Estimate
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	$0.07	$0.07	$0.07
Q1 2019	1	$0.07	$0.07	$0.07
Q2 2019	1	$0.07	$0.07	$0.07
Q3 2019	1	$0.07	$0.07	$0.07
Q4 2019	1	$0.07	$0.07	$0.07

Wipro (NYSE WIT) Earnings History by Quarter

Date	Quarter	Consensus Estimate	Actual EPS	Revenue Estimate	Actual Revenue	Release Link	Conference Call
4/25/2018		$0.06					N/A
1/19/2018	Q3 2018	$0.06	$0.06	$2.0550 billion	$2.1410 billion	View	N/A
10/17/2017	9/30/2017	$0.06	$0.07	$2.1710 billion	$2.0560 billion	View	N/A
7/20/2017	6/30/2017	$0.06	$0.07	$2.0540 billion	$2.1090 billion	View	N/A
4/25/2017	3/31/2017	$0.0650	$0.07	$2.0560 billion	$2.1570 billion	View	N/A
1/25/2017	Q317	$0.0650	$0.0650	$2.03 billion	$136.8780 billion	View	N/A
10/21/2016	Q217	$0.07	$0.0650	$2.03 billion	$137.6570 billion	View	Listen
7/19/2016	Q117	$0.07	$0.0620	$2.02 billion	$2.00 billion	View	Listen
4/20/2016	Q416	$0.0750	$0.07	$2.00 billion	$2.10 billion	View	Listen
1/18/2016	Q316	$0.0750	$0.0670	$1.9850 billion	$1.9430 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	$0.0695	$1.84 billion	$122.3760 billion	View	Listen
4/21/2015	Q4	$0.0750	$0.0750	$121.2655 billion	$121.42 billion	View	N/A
1/16/2015	Q315	$0.07	$4.44	$1.98 billion	$119.9290 billion	View	N/A
10/22/2014	Q215	$0.07	$0.07	$1.93 billion	$1.89 billion	View	Listen
7/24/2014	Q115	$0.0650	$4.27	$1.87 billion	$111.3580 billion	View	N/A
4/17/2014	Q414	$0.0650	$4.52	$1.90 billion	$116.5350 billion	View	N/A
1/17/2014	Q314	$0.06	$4.09	$1.83 billion	$112.7130 billion	View	N/A
10/22/2013	Q214	$0.0550	$3.9250	$1.78 billion	$107.7270 billion	View	N/A
7/26/2013		$3.2450	$3.30	$101.67 million	$97.29 million	View	N/A
4/19/2013	Q4 2013	$0.06	$0.06	$2.0901 billion	$1.7620 billion	View	N/A
1/17/2013	Q3 2013	$0.06	$0.06			View	N/A
11/2/2012	Q312	$0.06	$0.06	$1.91 billion	$2.01 billion	View	N/A
7/23/2012	Q1 2013	$0.05	$0.05			View	N/A
4/24/2012	Q4 2012	$0.06	$0.05			View	N/A
1/19/2012	Q3 2012	$0.06	$0.05			View	N/A
10/31/2011		$2.71	$2.64			View	N/A
7/19/2011	Q1 2012	$0.05	$0.05			View	N/A
4/26/2011		$0.06	$0.0650			View	N/A
1/20/2011	Q3 2011	$0.05	$0.05			View	N/A
10/22/2010	Q2 2011	$0.05	$0.05			View	N/A
7/22/2010	Q1 2011	$0.04	$0.05			View	N/A
4/23/2010	Q4 2010	$0.05	$0.05			View	N/A
1/19/2010	Q3 2010	$0.04	$0.05			View	N/A
10/26/2009	Q2 2010	$0.04	$0.05			View	N/A
7/21/2009	Q1 2010	$0.03	$0.04			View	N/A
4/22/2009	Q4 2009	$0.03	$0.03			View	N/A
1/20/2009	Q3 2009	$0.04	$0.04			View	N/A
10/22/2008	Q2 2009	$0.04	$0.04			View	N/A
7/17/2008	Q1 2009	$0.04	$0.03			View	N/A
4/18/2008	Q4 2008	$0.04	$0.04			View	N/A
1/17/2008	Q3 2008	$0.04	$0.04			View	N/A

(Earnings results data provided by Zacks Investment Research)

Wipro (NYSE:WIT) Dividend Information

Wipro pays an annual dividend of $0.03 per share, with a dividend yield of 0.57%. WIT's most recent dividend payment was Thursday, February 1. Wipro pays out 11.11% of its earnings out as a dividend.

Most Recent Dividend:	2/1/2018
Annual Dividend:	$0.03
Dividend Yield:	0.57%
Dividend Growth:	-38.70% (3 Year Average)
Payout Ratio:	11.11% (Trailing 12 Months of Earnings) 11.11% (Based on This Year's Estimates) 10.00% (Based on Next Year's Estimates)

Dividend Payments by Quarter for Wipro (NYSE:WIT)

Wipro (NYSE:WIT) Dividend History by Quarter

Announced	Amount	Ex-Dividend Date	Record Date	Payable Date
1/19/2018	$0.0160	1/31/2018	2/1/2018	2/1/2018
1/25/2017	$0.0145	2/1/2017	2/3/2017	2/3/2017
6/7/2016	$0.0075	7/7/2016	7/11/2016	7/11/2016
1/20/2016	$0.0370	1/25/2016	1/27/2016	1/27/2016

(Data available from 1/1/2013 forward)

Wipro (NYSE WIT) Insider Trading and Institutional Ownership History

Insider Ownership Percentage: 1.00%
Institutional Ownership Percentage: 2.52%

Insider Trading History for Wipro (NYSE:WIT)

Institutional Ownership by Quarter for Wipro (NYSE:WIT)

Wipro (NYSE WIT) Insider Trading History

Transaction Date	Insider Name	Title	Buy/Sell	Number of Shares	Average Share Price	Total Transaction	Shares Held After Transaction	Details

(Data available from 1/1/2013 forward)

Wipro (NYSE WIT) News Headlines

Source:

Date	Headline
	Wipro (WIT) to Release Earnings on Wednesday www.americanbankingnews.com - April 18 at 5:03 AM
	Wipro (WIT) Short Interest Down 22.1% in March www.americanbankingnews.com - April 16 at 3:03 AM
	Wipro (WIT) Raised to Buy at Zacks Investment Research www.americanbankingnews.com - April 13 at 2:47 PM
	Wedbush Weighs in on Wipro's FY2019 Earnings (WIT) www.americanbankingnews.com - April 12 at 8:04 AM
	FY2018 EPS Estimates for Wipro Increased by Wedbush (WIT) www.americanbankingnews.com - April 11 at 8:59 AM
	Wipro (WIT) Given Consensus Rating of "Hold" by Brokerages www.americanbankingnews.com - April 11 at 8:39 AM
	Wipro (WIT) Lowered to Buy at BidaskClub www.americanbankingnews.com - April 10 at 8:54 PM
	BidaskClub Upgrades Wipro (WIT) to "Strong-Buy" www.americanbankingnews.com - April 10 at 9:44 AM
	Wipro Limited to Announce Results for the Fourth Quarter and Year Ended March 31, 2018 on April 25, 2018 finance.yahoo.com - April 9 at 4:45 PM
	Wipro (WIT) Upgraded to Hold by BNP Paribas www.americanbankingnews.com - April 9 at 1:19 PM
	Indian tech company unveils Plano tech hub, could make up to 450 hires finance.yahoo.com - March 28 at 4:46 PM
	Wipro (WIT) Rating Lowered to Sell at Credit Suisse Group www.americanbankingnews.com - March 27 at 10:29 AM
	Wipro Launches Texas Technology Center in Plano finance.yahoo.com - March 27 at 9:24 AM
	Wipro and Adobe Expand Partnership to Offer Enhanced Digital Services and Solutions finance.yahoo.com - March 26 at 9:24 AM
	Wipro (WIT) Upgraded by Zacks Investment Research to "Hold" www.americanbankingnews.com - March 24 at 1:36 PM
	Wipro Limited (WIT) Given Consensus Rating of "Sell" by Analysts www.americanbankingnews.com - March 17 at 9:04 AM
	Wipro (WIT) Agrees to Sell Hosted Data Center Services Business to Ensono for $405M - StreetInsider.com www.streetinsider.com - March 16 at 5:48 PM
	Is Wipro Limited’s (NSE:WIPRO) Balance Sheet A Threat To Its Future? finance.yahoo.com - March 16 at 9:14 AM
	Wipro (WIT) Agrees to Sell Hosted Data Center Services Business to Ensono for $405M www.streetinsider.com - March 14 at 6:12 PM
	Wipro to Divest Hosted Data Center Services Business to Ensono for USD 405 Million finance.yahoo.com - March 14 at 9:50 AM
	BRIEF-Elliott Management buys stake in Wipro Ltd - SEC Filing www.reuters.com - March 12 at 5:53 PM
	Elliott Buys Tiny Stake in Wipro in First India IT Firm Holding finance.yahoo.com - March 12 at 11:44 AM
	Wipro, First Book, Bring New Books to Chicago Area Kids finance.yahoo.com - March 9 at 9:27 AM
	Wipro Limited (WIT) Stake Lifted by Schroder Investment Management Group www.americanbankingnews.com - March 1 at 6:32 PM
	Wipro (WIT) to Acquire Minority Stake in Denim Group www.streetinsider.com - March 1 at 5:12 PM
	SA cybersecurity business sells minority stake for $8.8M; sees global growth finance.yahoo.com - March 1 at 5:12 PM
	Wipro To Acquire Minority Stake in Denim Group, a Leading Application Security Solution Provider finance.yahoo.com - March 1 at 8:51 AM
	Wipro Expands Live Workspace™ Suite of Offerings to Support Apple® Devices finance.yahoo.com - March 1 at 8:51 AM
	Wipro and Amrita Vishwa Vidyapeetham Jointly Win the Aegis ... - Business Wire (press release) www.businesswire.com - February 25 at 5:31 PM
	Wipro and Amrita Vishwa Vidyapeetham Jointly Win the Aegis Graham Bell Award 2017 for Innovation in ‘mHealth’ finance.yahoo.com - February 23 at 5:17 PM
	Appirio and First Book Bring Backpacks, New Books to Indianapolis Area Kids in Need finance.yahoo.com - February 23 at 9:02 AM
	Wipro Positioned in ‘Winner’s Circle’ of HfS Blueprint Report on Enterprise Blockchain Services 2017 finance.yahoo.com - February 20 at 8:49 AM
	Wipro Limited (WIT) Given Average Recommendation of "Sell" by Brokerages www.americanbankingnews.com - February 20 at 7:30 AM
	Critical Contrast: Godaddy (GDDY) & Wipro (WIT) www.americanbankingnews.com - February 11 at 8:54 AM
	Wipro and World Economic Forum's Center for the Fourth Industrial Revolution announce partnership to accelerate ... - PR Newswire (press release) www.prnewswire.com - February 6 at 9:24 AM
	Wipro and World Economic Forum's Center for the Fourth Industrial Revolution announce partnership to accelerate connected future finance.yahoo.com - February 5 at 9:24 AM
	Wipro Limited (WIT) Announces Dividend of $0.02 www.americanbankingnews.com - January 26 at 8:16 AM
	This Morning's Research Reports on IT Services Stocks -- Switch, Unisys, Wipro, and Xerox www.bizjournals.com - January 25 at 9:26 AM
	Wipro Cited as a Leader in Everest Group PEAK Matrix™ for Cloud Enablement Services 2018 - Business Wire (press release) www.businesswire.com - January 24 at 8:04 AM
	Wipro Ltd. (WIT) PT Raised to $323 at BofA/Merrill Lynch Following 3Q Report - StreetInsider.com www.streetinsider.com - January 24 at 8:04 AM
	Free Post Earnings Research Report: Atlassian’s Revenue Soared 43%; Adjusted EPS Surged 44% finance.yahoo.com - January 24 at 8:04 AM
	Wipro Takes Minority Stake in Harte Hanks, an Omni-Channel Marketing Services Leader finance.yahoo.com - January 24 at 8:04 AM
	Wipro makes $9.9 million investment in Harte Hanks finance.yahoo.com - January 24 at 8:04 AM
	Wipro Cited as a Leader in Everest Group PEAK Matrix™ for Cloud Enablement Services 2018 finance.yahoo.com - January 24 at 8:04 AM
	Wipro (WIT) Posts Earnings Results, Meets Estimates www.americanbankingnews.com - January 19 at 9:28 PM
	Wipro upbeat on 2018 after quarterly profit dip finance.yahoo.com - January 19 at 12:07 PM
	Wipro Limited Announces Results for the Quarter Ended December 31, 2017 under IFRS finance.yahoo.com - January 19 at 12:07 PM
	Reviewing Manhattan Associates (MANH) & Wipro (WIT) www.americanbankingnews.com - January 16 at 9:32 AM
	Wipro (WIT) Downgraded by Zacks Investment Research to "Sell" www.americanbankingnews.com - January 13 at 2:04 PM
	Wedbush Weighs in on Wipro Limited's FY2019 Earnings (WIT) www.americanbankingnews.com - January 10 at 10:14 PM

Wipro (NYSE:WIT) SEC Filings

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Wipro (NYSE:WIT) Income Statement, Balance Sheet and Cash Flow Statement

Wipro (NYSE WIT) Stock Chart for Friday, April, 20, 2018

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This page was last updated on 4/20/2018 by MarketBeat.com Staff