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Is This The End of Capitalism? (Ad)
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Mergers and Acquisitions in 2023 Off To A Strong Start
S&P 500   3,852.36
DOW   32,920.46
QQQ   293.34
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Is This The End of Capitalism? (Ad)
A Non-Salesy Annuity Guide To Buying Annuities
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Chevron Delights Shareholders with $75 Billion in Share Buybacks
Mergers and Acquisitions in 2023 Off To A Strong Start
S&P 500   3,852.36
DOW   32,920.46
QQQ   293.34
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Is This The End of Capitalism? (Ad)
A Non-Salesy Annuity Guide To Buying Annuities
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Wipro - WIT Stock Forecast, Price & News

$4.95
+0.03 (+0.61%)
(As of 01/26/2023 12:00 AM ET)
Add
Compare
Today's Range
$4.87
$4.95
50-Day Range
$4.53
$5.15
52-Week Range
$4.38
$8.07
Volume
2.02 million shs
Average Volume
2.82 million shs
Market Capitalization
$27.10 billion
P/E Ratio
19.04
Dividend Yield
0.44%
Price Target
$4.79

Wipro MarketRank™ Forecast

Analyst Rating
Hold
1.70 Rating Score
Upside/​Downside
3.3% Downside
$4.79 Price Target
Short Interest
Bearish
0.26% of Shares Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.04mentions of Wipro in the last 14 days
Based on 2 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
16.00%
From $0.25 to $0.29 Per Share

Overall MarketRank

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

1.57 out of 5 stars

Computer And Technology Sector

458th out of 627 stocks

Custom Computer Programming Services Industry

23rd out of 27 stocks


WIT stock logo

About Wipro (NYSE:WIT) Stock

Wipro Limited operates as an information technology (IT), consulting, and business process services company worldwide. It operates through 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 and IT consulting, custom application design, development, re-engineering and maintenance, systems integration, package implementation, cloud and infrastructure, business process, cloud, mobility and analytics, research and development, and hardware and software design services to enterprises. It serves customers in various industry sectors, such as healthcare and medical devices, consumer goods and life sciences, retail, transportation and services, communications, media and information services, technology products and platforms, banking, financial services and insurance, manufacturing, hi-tech, energy, and utilities. 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 Indian 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 departments owned or controlled by the Government of India and/or various Indian State Governments. It also provides cybersecurity consulting services. The company was incorporated in 1945 and is based in Bengaluru, India.

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WIT Stock News Headlines

Wipro (NYSE:WIT) Upgraded by StockNews.com to "Buy"
Wipro (NYSE:WIT) Sees Strong Trading Volume
Is This The End of Capitalism?
EXPOSED: The establishment plot to disenfranchise and impoverish millions of Americans…
Wipro opens AWS Launch Pad Center in Toronto, Canada
Wipro Limited (NYSE:WIT) Q3 2023 Earnings Call Transcript
Why Are Wipro Shares Trading Lower Today?
The Next Big Crisis Is Here
You just can’t see it yet because it’s NOT a banking, financial, or economic crisis… it’s far worse and threatens every dollar in your retirement account.
1 Telecom Stock to Buy This Week And 1 to Sell
Wipro Launches Wipro Data Intelligence Suite
Wipro Launches AWS Skills Guild Program: Step Up
Wipro Launches Cybersecurity Consulting Offering in Europe
Company News for Oct 13, 2022
See More Headlines
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WIT Company Calendar

Last Earnings
1/13/2023
Today
1/27/2023
Fiscal Year End
3/31/2023
Next Earnings (Estimated)
5/05/2023

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
$4.79
High Stock Price Forecast
$4.87
Low Stock Price Forecast
$4.70
Forecasted Upside/Downside
-3.3%
Consensus Rating
Hold
Rating Score (0-4)
1.70
Research Coverage
10 Analysts

Profitability

Net Income
$1.61 billion
Pretax Margin
16.19%

Debt

Sales & Book Value

Annual Sales
$10.43 billion
Cash Flow
$0.37 per share
Book Value
$1.67 per share

Miscellaneous

Outstanding Shares
5,473,970,000
Free Float
5,419,228,000
Market Cap
$27.10 billion
Optionable
Optionable
Beta
0.83

Social Links


Key Executives

  • Mr. Rishad Azim Hasham Premji Jr. (Age 46)
    Exec. Chairman
    Comp: $1.67M
  • Mr. Thierry Delaporte (Age 56)
    MD, CEO, Director & Member of Exec. Board
    Comp: $9.65M
  • Mr. Jatin Pravinchandra Dalal (Age 48)
    Pres, CFO & Exec. Board Member
  • Mr. B. M. Bhanumurthy (Age 59)
    Pres & COO
  • Mr. Saurabh Govil (Age 55)
    Chief HR Officer & Exec. Board Member
  • Mr. Deepak Acharya (Age 56)
    SVP, Chief Risk Officer & Gen. Counsel
  • Ms. Sunita Rebecca Cherian (Age 49)
    Chief Culture Officer
  • Mr. Keyur Maniar BE (Age 53)
    MBA, Diploma, Sr. VP
  • Kumudha Sridharan (Age 59)
    Sr. VP
  • Dipak Kumar Bohra (Age 50)
    SVP & Chief of Internal Audit













WIT Stock - Frequently Asked Questions

Should I buy or sell Wipro stock right now?

10 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Wipro in the last twelve months. There are currently 6 sell ratings, 1 hold rating and 3 buy ratings for the stock. The consensus among Wall Street 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 2023?

10 Wall Street research analysts have issued 12 month price objectives for Wipro's stock. Their WIT share price forecasts range from $4.70 to $4.87. On average, they anticipate the company's stock price to reach $4.79 in the next year. This suggests that the stock has a possible downside of 3.3%.
View analysts price targets for WIT
or view top-rated stocks among Wall Street analysts.

How have WIT shares performed in 2023?

Wipro's stock was trading at $4.66 on January 1st, 2023. Since then, WIT stock has increased by 6.2% and is now trading at $4.95.
View the best growth stocks for 2023 here
.

Are investors shorting Wipro?

Wipro saw a drop in short interest during the month of December. As of December 30th, there was short interest totaling 13,010,000 shares, a drop of 28.8% from the December 15th total of 18,260,000 shares. Based on an average trading volume of 2,710,000 shares, the days-to-cover ratio is presently 4.8 days. Currently, 0.2% of the shares of the company are short sold.
View Wipro's Short Interest
.

When is Wipro's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Friday, May 5th 2023.
View our WIT earnings forecast
.

How were Wipro's earnings last quarter?

Wipro Limited (NYSE:WIT) posted its quarterly earnings data on Friday, January, 13th. The information technology services provider reported $0.07 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.07. The information technology services provider earned $2.81 billion during the quarter, compared to the consensus estimate of $2.85 billion. Wipro had a net margin of 12.94% and a trailing twelve-month return on equity of 16.19%.

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

Wipro announced a dividend on Friday, March 25th. Shareholders 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 an increase 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 $0.02 per share and currently has a dividend yield of 0.41%. The dividend payout ratio is 7.69%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, WIT will have a dividend payout ratio of 6.90% 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's stock split on the morning of 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 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 a number of institutional and retail investors. Top institutional shareholders include Assenagon Asset Management S.A. (0.04%), Sequoia Financial Advisors LLC (0.00%), Veriti Management LLC (0.00%), CAPROCK Group Inc. (0.00%), SkyOak Wealth LLC (0.00%) and Ritholtz Wealth Management (0.00%).

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 $4.95.

How much money does Wipro make?

Wipro (NYSE:WIT) has a market capitalization of $27.10 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 $0.26 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., ATOM Solutions LLC, Ampion Holdings Pty Ltd, Appirio Inc., CAPCO (US) LLC, CapAfric Consulting (Pty) Ltd, Capco, Capco (Canada) GP ULC, Capco (UK) 1 Limited, Capco (US) GP LLC, Capco Austria GmbH, Capco Belgium BV, Capco Brasil Serviços E Consultoria Em Informática Ltda, Capco Consultancy (Malaysia) Sdn. Bhd, Capco Consultancy (Thailand) Ltd, Capco Consulting Services (Guangzhou) Company Limited, Capco Consulting Services LLC, Capco Consulting Singapore Pte. Ltd, Capco Greece Single Member P.C, Capco Poland sp. z.o.o, Capco RISC Consulting LLC, Cardinal Foreign Holdings 2 S.á.r.l, Cardinal Foreign Holdings S.á.r.l, Cardinal US Holdings Inc., Cellent GmbH, Citi Technology Services, CloudSocius DMCC, Convergence Acceleration Solutions LLC, Designit, Designit A/S, Designit Denmark A/S, Designit Germany GmbH, Designit North America Inc., Designit Oslo A/S, Designit Spain Digital S.L.U, Designit Sweden AB, Designit T.L.V Ltd., Designit Tokyo Ltd., Edgile LLC, Encore Theme Technologies, Encore Theme Technologies Private Limited, Eximius Design, Felelősségű Társaság, Global Oil and Gas Information Technology Services Business, Grove Holdings 2 S.á.r.l, HealthPlan Services, HealthPlan Services Inc., HealthPlan Services Insurance Agency LLC, ITI Proficiency Ltd, IVIA, InfoServer, Infocrossing LLC, International TechneGroup, International TechneGroup Incorporated, International TechneGroup Ltd., Korlátolt Felelősségű Társaság, LeanSwift AB, LeanSwift Solutions Inc., LeanSwift Solutions Inc., LeanSwift Solutions LLC, METRO SYSTEMS Romania, MechWorks s.r.l., Metronom, NEOS Holdings LLC, NEOS LLC, NEOS Software LLC, Opus Capital Markets Consultants, PT. WT Indonesia, Promax Application Group, Rainbow Software LLC, The Capital Markets Company (UK) Ltd, The Capital Markets Company LLC, The Capital Markets Company Limited, The Capital Markets Company S.á.r.l, The Capital Markets Company s.r.o, Topcoder LLC., Viteos Group, Wipro (Dalian) Limited, Wipro (Thailand) Co. Limited, Wipro 4C Consulting France SAS, Wipro 4C Danmark ApS, Wipro 4C NV, Wipro 4C Nederland B.V., Wipro Appirio (Ireland) Limited, Wipro Appirio Inc., Wipro Appirio K.K, Wipro Appirio UK Limited, Wipro Arabia Co. Limited, Wipro Bahrain Limited Co. W.L.L, Wipro Business Solutions GmbH, Wipro Chengdu Limited, Wipro Designit Services Inc., Wipro Designit Services Limited, Wipro Do Brasil Sistemetas De Informatica Ltd, 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 (UK) Limited, Wipro Holdings Hungary Korlátolt, Wipro Holdings Investment, Wipro IT Service Ukraine LLC, Wipro IT Services Austria GmbH, 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 UK Societas, Wipro Information Technology Egypt SAE, Wipro Information Technology Kazakhstan LLP, Wipro Information Technology Netherlands BV., Wipro Insurance Solutions LLC, Wipro Italia S.R.L, Wipro Japan KK, Wipro LLC, Wipro Networks Pte Limited, Wipro Opus Risk Solutions LLC, Wipro Outsourcing Services (Ireland) Limited, Wipro Overseas IT Services Private Limited, Wipro Philippines Inc., Wipro Poland SP Z.O.O, Wipro Portugal S.A., Wipro Shanghai Limited, Wipro Solutions Canada Limited, Wipro Technologies Australia Pty Ltd, Wipro Technologies GmbH, Wipro Technologies Limited, Wipro Technologies Nigeria Limited, Wipro Technologies Peru SAC, Wipro Technologies SA, Wipro Technologies SA DE CV, Wipro Technologies SDN BHD, Wipro Technologies SRL, Wipro Technologies South Africa (Proprietary) Limited, Wipro Technologies W.T. Sociedad Anonima, Wipro Technology Chile SPA, Wipro Technology Solutions S.R.L, Wipro Trademarks Holding Limited, Wipro Travel Services Limited, Wipro UK Limited, Wipro US Foundation, Wipro VLSI Design Services India Private Limited, Wipro VLSI Design Services LLC, Wipro Weare4C UK Limited, Wipro do Brasil Servicos Ltda, Wipro do Brasil Technologia Ltda, and Women's Business Park Technologies Limited.
Read More
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 1/27/2023 by MarketBeat.com Staff