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

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

Wipro declared a dividend on Friday, January 19th. Stockholders 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 positive change from Wipro's previous dividend of $0.01. View Wipro's Dividend History.

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 payable to shareholders after the market closes 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.

Wipro announced that its Board of Directors has approved a stock repurchase program on Friday, July 21st 2017, which authorizes the company to repurchase $1,700,000,000.00 in shares, according to EventVestor. This repurchase authorization authorizes the company to repurchase up to 6.1% of its stock through a tender offer. Stock repurchase programs are typically an indication that the company's board of directors believes its stock is undervalued.

Wipro Limited (NYSE:WIT) announced its earnings results on Wednesday, April, 25th. The information technology services provider reported $0.06 earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $0.07 by $0.01. The information technology services provider had revenue of $2.12 billion for the quarter, compared to analysts' expectations of $2.18 billion. Wipro had a return on equity of 15.49% and a net margin of 14.68%. View Wipro's Earnings History.

Wipro is scheduled to release their next quarterly earnings announcement on Friday, July, 20th 2018. View Earnings Estimates for Wipro.

8 equities research analysts have issued 1 year target prices for Wipro's stock. Their predictions range from $277.00 to $277.00. On average, they expect Wipro's stock price to reach $277.00 in the next twelve months. This suggests a possible upside of 5,374.3% from the stock's current price. View Analyst Ratings for Wipro.

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Wipro in the last year. There are currently 4 sell ratings and 4 hold ratings for the stock, resulting in a consensus recommendation of "Hold."

Some companies that are related to Wipro include Cognizant Technology Solutions (CTSH), Infosys (INFY), NTT DATA Corp/ADR (NTDTY), Verisign (VRSN), Amdocs (DOX), Obic (OBIIF), EPAM Systems (EPAM), Aspen Technology (AZPN), GEMALTO NV/S (GTOMY), Zscaler (ZS), Sogou (SOGO), Syntel (SYNT), Callidus Software (CALD), Virtusa (VRTU) and Luxoft (LXFT).

Media coverage about WIT stock has been trending somewhat negative on Monday, according to Accern Sentiment. Accern identifies negative and positive media coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Wipro earned a daily sentiment score of -0.01 on Accern's scale. They also assigned media stories about the information technology services provider an impact score of 45.76 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company's share price in the immediate future.

Wipro's stock is owned by a number of of institutional and retail investors. Top institutional investors include Fisher Asset Management LLC (0.09%), Bank of Montreal Can (0.04%) and Hexavest Inc. (0.00%). View Institutional Ownership Trends for Wipro.

WIT stock was sold by a variety of institutional investors in the last quarter, including Fisher Asset Management LLC and Hexavest Inc.. View Insider Buying and Selling for Wipro.

WIT stock was bought by a variety of institutional investors in the last quarter, including Bank of Montreal Can. View Insider Buying and Selling for 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.

One share of WIT stock can currently be purchased for approximately $5.06.

Wipro has a market capitalization of $22.77 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.

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]