Wipro Stock Forecast, Price & News

Wipro's stock was trading at $3.14 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, WIT shares have increased by 51.3% and is now trading at $4.75.
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5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Wipro in the last year. There are currently 2 sell ratings, 2 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for Wipro.

Wipro is scheduled to release its next quarterly earnings announcement on Tuesday, October 20th 2020.
View our earnings forecast for Wipro.

Wipro Limited (NYSE:WIT) posted its earnings results on Tuesday, July, 14th. The information technology services provider reported $0.06 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.05 by $0.01. The information technology services provider had revenue of $1.97 billion for the quarter, compared to analyst estimates of $1.89 billion. Wipro had a return on equity of 17.66% and a net margin of 15.88%.
View Wipro's earnings history.

Wipro declared an annual dividend on Tuesday, January 14th. Investors of record on Monday, January 27th will be given a dividend of $0.014 per share on Monday, January 1st. The ex-dividend date is Friday, January 24th.
View Wipro's dividend history.

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 issued 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.

5 Wall Street analysts have issued 1 year price objectives for Wipro's shares. Their forecasts range from $3.46 to $3.46. On average, they anticipate Wipro's share price to reach $3.46 in the next year. This suggests that the stock has a possible downside of 27.2%.
View analysts' price targets for Wipro.

Press coverage about WIT stock has trended very positive on Sunday, InfoTrie Sentiment Analysis reports. InfoTrie ranks the sentiment of press coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Wipro earned a media sentiment score of 3.2 on InfoTrie's scale. They also gave media coverage about the information technology services provider a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the stock's share price in the next several days.
View the latest news about Wipro.

Some companies that are related to Wipro include Infosys (INFY), Cognizant Technology Solutions (CTSH), Verisign (VRSN), NTT DATA CORP/ADR (NTDTY), EPAM Systems (EPAM), Obic (OBIIF), Zscaler (ZS), Aspen Technology (AZPN), Amdocs (DOX), GEMALTO NV/S (GTOMY), Sogou (SOGO), Endava (DAVA), Virtusa (VRTU), PROS (PRO) and Perficient (PRFT).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Wipro investors own include Infosys (INFY), Cisco Systems (CSCO), Abbott Laboratories (ABT), Ford Motor (F), Walt Disney (DIS), Intel (INTC), Tata Motors (TTM), Alibaba Group (BABA), General Electric (GE) and HDFC Bank (HDB).

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

Wipro's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (0.26%), AQR Capital Management LLC (0.15%), LSV Asset Management (0.12%), Nordea Investment Management AB (0.12%), Fisher Asset Management LLC (0.08%) and First Trust Advisors LP (0.06%).

WIT stock was sold by a variety of institutional investors in the last quarter, including Vanguard Group Inc., Goldman Sachs Group Inc., AQR Capital Management LLC, Prudential Financial Inc., Sei Investments Co., First Trust Advisors LP, US Bancorp DE, and Eqis Capital Management Inc..

WIT stock was acquired by a variety of institutional investors in the last quarter, including LSV Asset Management, Nordea Investment Management AB, UBS Group AG, Teachers Retirement System of The State of Kentucky, Todd Asset Management LLC, Ativo Capital Management LLC, Fisher Asset Management LLC, and Russell Investments Group Ltd..

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, Robinhood, Fidelity, and Charles Schwab.

One share of WIT stock can currently be purchased for approximately $4.75.

Wipro has a market capitalization of $27.04 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. Wipro employs 175,000 workers across the globe.

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

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]