NYSE:WIT - Wipro Stock Price, News, & Analysis

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$5.1950 -0.12 (-2.26 %)
(As of 12/14/2018 04:00 PM ET)
Previous Close$5.32
Today's Range$5.15 - $5.21
52-Week Range$4.50 - $5.99
Volume682,486 shs
Average Volume775,453 shs
Market Capitalization$23.01 billion
P/E Ratio19.98
Dividend Yield0.30%
Beta0.46
Wipro Limited operates as an information technology (IT), consulting, and business process services (BPS) company worldwide. The company's IT Services segment offers a range of 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 services, analytics services, BPS, research and development services, and hardware and software design services to various 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 company's IT Products segment distributes 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. The company has research collaboration agreements with Tel Aviv University for core and applied research in image and text analytics using deep learning and sparse representation models and techniques; and IISc on technologies for autonomous vehicles. Wipro Limited was founded in 1945 and is headquartered in Bengaluru, India.

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Industry, Sector and Symbol

Stock Exchange NYSE
Industry Custom computer programming services
Sub-IndustryN/A
SectorComputer and Technology
Current SymbolNYSE:WIT
Previous Symbol
CUSIPN/A
Phone91-80-4672-6603

Debt

Debt-to-Equity Ratio0.10
Current Ratio2.51
Quick Ratio2.49

Price-To-Earnings

Trailing P/E Ratio19.98
Forward P/E Ratio19.24
P/E Growth2.65

Sales & Book Value

Annual Sales$8.37 billion
Price / Sales2.80
Cash Flow$0.3510 per share
Price / Cash Flow14.80
Book Value$1.66 per share
Price / Book3.13

Profitability

EPS (Most Recent Fiscal Year)$0.26
Net Income$1.23 billion
Net Margins13.84%
Return on Equity15.63%
Return on Assets10.10%

Miscellaneous

Employees160,000
Outstanding Shares4,502,480,000
Market Cap$23.01 billion
OptionableOptionable

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. Investors of record on Thursday, February 1st will be given a dividend of $0.016 per share on Thursday, February 1st. The ex-dividend date is Wednesday, January 31st. This is a positive change 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?

Wipro's stock 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.

How will Wipro's stock buyback program work?

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

How were Wipro's earnings last quarter?

Wipro Limited (NYSE:WIT) announced its quarterly earnings results on Wednesday, October, 24th. The information technology services provider reported $0.06 EPS for the quarter, missing the Zacks' consensus estimate of $0.07 by $0.01. The information technology services provider earned $2.01 billion during the quarter, compared to the consensus estimate of $2.14 billion. Wipro had a net margin of 13.84% and a return on equity of 15.63%. View Wipro's Earnings History.

When is Wipro's next earnings date?

Wipro is scheduled to release their next quarterly earnings announcement on Friday, January 18th 2019. View Earnings Estimates for Wipro.

What is the consensus analysts' recommendation for Wipro?

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Wipro in the last year. There are currently 2 sell ratings, 3 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Wipro.

Has Wipro been receiving favorable news coverage?

Headlines about WIT stock have trended somewhat positive on Friday, InfoTrie Sentiment reports. The research firm identifies negative and positive media coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Wipro earned a coverage optimism score of 1.1 on InfoTrie's scale. They also gave news stories about the information technology services provider a news buzz of 4.0 out of 10, indicating that recent media coverage is somewhat unlikely to have an effect on the stock's share price in the near future.

Who are some of Wipro's key competitors?

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, CEO & Exec. Director (Age 51)
  • Mr. B. M. Bhanumurthy, Pres & COO (Age 54)
  • Mr. Saurabh Govil, Pres & Chief HR Officer (Age 50)
  • Mr. Jatin Pravinchandra Dalal, Chief Financial Officer (Age 43)

Who are Wipro's major shareholders?

Wipro's stock is owned by many different of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (0.41%), Vanguard Group Inc (0.32%), Vanguard Group Inc. (0.32%), First Trust Advisors LP (0.20%), AQR Capital Management LLC (0.17%) and Fisher Asset Management LLC (0.09%).

Which major investors are selling Wipro stock?

WIT stock was sold by a variety of institutional investors in the last quarter, including BlackRock Inc., Schroder Investment Management Group, AQR Capital Management LLC, Prudential Financial Inc., Vanguard Group Inc., Vanguard Group Inc, First Trust Advisors LP and Allianz Asset Management GmbH.

Which major investors are buying Wipro stock?

WIT stock was purchased by a variety of institutional investors in the last quarter, including ClariVest Asset Management LLC, SG Americas Securities LLC, Nordea Investment Management AB, Aperio Group LLC, Connor Clark & Lunn Investment Management Ltd., GAM Holding AG, JPMorgan Chase & Co. and JPMorgan Chase & Co..

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 $5.18.

How big of a company is Wipro?

Wipro has a market capitalization of $23.01 billion and generates $8.37 billion in revenue each year. The information technology services provider earns $1.23 billion in net income (profit) each year or $0.26 on an earnings per share basis. Wipro employs 160,000 workers across the globe.

What is Wipro's official website?

The official website for Wipro is http://www.wipro.com.

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 (NYSE WIT)

Community Ranking:  1.8 out of 5 (star)
Outperform Votes:  245 (Vote Outperform)
Underperform Votes:  421 (Vote Underperform)
Total Votes:  666
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.
This page was last updated on 12/14/2018 by MarketBeat.com Staff

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