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

Sign in or create an account to add this stock to your watchlist.
$4.80 -0.03 (-0.62 %)
(As of 06/20/2018 08:00 AM ET)
Previous Close$4.83
Today's Range$4.71 - $4.84
52-Week Range$4.50 - $6.40
Volume1.17 million shs
Average Volume1.10 million shs
Market Capitalization$21.73 billion
P/E Ratio18.46
Dividend Yield0.64%
Beta0.71
Wipro logoWipro 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.

Receive WIT News and Ratings via Email

Sign-up to receive the latest news and ratings for WIT and its competitors with MarketBeat's FREE daily newsletter.

Industry, Sector and Symbol

Industry Custom computer programming services
Sub-IndustryN/A
SectorComputer and Technology
SymbolNYSE:WIT
CUSIPN/A
Phone91-80-4672-6603

Debt

Debt-to-Equity Ratio0.09
Current Ratio2.37
Quick Ratio2.35

Price-To-Earnings

Trailing P/E Ratio18.46
Forward P/E RatioN/A
P/E Growth2.16

Sales & Book Value

Annual Sales$8.37 billion
Price / Sales2.58
Cash Flow$0.3433 per share
Price / Cash13.98
Book Value$1.66 per share
Price / Book2.89

Profitability

EPS (Most Recent Fiscal Year)$0.26
Net Income$1.23 billion
Net Margins14.68%
Return on Equity15.49%
Return on Assets10.08%

Miscellaneous

Employees160,000
Outstanding Shares4,499,160,000

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. 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.

When did Wipro's stock split? How did Wipro's stock split work?

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 issued shares were payable 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 of Directors has authorized a stock repurchase plan on Friday, July 21st 2017, which authorizes the company to repurchase $1,700,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to purchase up to 6.1% of its shares through a tender offer. Shares repurchase plans are often a sign that the company's board of directors believes its shares are undervalued.

How were Wipro's earnings last quarter?

Wipro Limited (NYSE:WIT) issued its earnings results on Wednesday, April, 25th. The information technology services provider reported $0.06 earnings per share (EPS) 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 the consensus estimate 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.

When is Wipro's next earnings date?

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

What price target have analysts set for WIT?

4 brokers have issued 1-year 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.

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 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 headlines about WIT stock have trended somewhat positive on Wednesday, according to Accern Sentiment. The research group ranks the sentiment of press coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Wipro earned a media sentiment score of 0.14 on Accern's scale. They also gave headlines about the information technology services provider an impact score of 47.02 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company's share price in the immediate future.

Who are Wipro's major shareholders?

Wipro's stock is owned by many different of retail and institutional investors. Top institutional investors include BlackRock Inc. (0.45%), Fisher Asset Management LLC (0.10%), Aperio Group LLC (0.08%), Zurcher Kantonalbank Zurich Cantonalbank (0.04%), Northern Trust Corp (0.04%) and Prudential Financial Inc. (0.04%). View Institutional Ownership Trends for Wipro.

Which major investors are selling Wipro stock?

WIT stock was sold by a variety of institutional investors in the last quarter, including Wells Fargo & Company MN, Northern Trust Corp, Zurcher Kantonalbank Zurich Cantonalbank, Prudential Financial Inc., Millennium Management LLC, JPMorgan Chase & Co., Migdal Insurance & Financial Holdings Ltd. and Bluestein R H & Co.. View Insider Buying and Selling for Wipro.

Which major investors are buying Wipro stock?

WIT stock was bought by a variety of institutional investors in the last quarter, including ClariVest Asset Management LLC, Barclays PLC, Fisher Asset Management LLC, Sei Investments Co., Aperio Group LLC, US Bancorp DE, A.R.T. Advisors LLC and BlackRock Inc.. View Insider Buying and Selling for Wipro.

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 $4.80.

How big of a company is Wipro?

Wipro has a market capitalization of $21.73 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.

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 (star)
Outperform Votes:  174 (Vote Outperform)
Underperform Votes:  334 (Vote Underperform)
Total Votes:  508
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 6/20/2018 by MarketBeat.com Staff

Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.