Wipro Stock Forecast, Price & News

6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Wipro in the last twelve months. There are currently 1 sell rating, 3 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" Wipro stock. 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 analyst ratings for Wipro or view top-rated stocks.

6 equities research analysts have issued 12-month price objectives for Wipro's shares. Their WIT stock forecasts range from $7.70 to $7.70. On average, they expect Wipro's stock price to reach $7.70 in the next twelve months. This suggests a possible upside of 44.7% from the stock's current price.
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Wipro's stock was trading at $9.76 on January 1st, 2022. Since then, WIT stock has decreased by 45.5% and is now trading at $5.32.
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Wipro is scheduled to release its next quarterly earnings announcement on Thursday, July 21st 2022.
View our earnings forecast for Wipro.

Wipro Limited (NYSE:WIT) posted its quarterly earnings results on Friday, April, 29th. The information technology services provider reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by $0.01. The information technology services provider had revenue of $2.75 billion for the quarter, compared to the consensus estimate of $2.79 billion. Wipro had a net margin of 15.44% and a trailing twelve-month return on equity of 19.33%.
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Wipro declared a dividend on Friday, March 25th. Investors of record on Wednesday, April 6th will be given a dividend of $0.059 per share on Wednesday, April 6th. The ex-dividend date is Tuesday, April 5th. This is a boost from Wipro's previous dividend of $0.02.
View Wipro's dividend history.

Wipro(NYSE:WIT) pays an annual dividend of $0.07 per share and currently has a dividend yield of 1.28%. The dividend payout ratio of Wipro is 24.14%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Wipro will have a dividend payout ratio of 21.21% next year. This indicates that Wipro will be able to sustain or increase its dividend.
View Wipro's dividend history.

Wipro shares 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 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.

60 employees have rated Wipro CEO Thierry Delaporte on Glassdoor.com. Thierry Delaporte has an approval rating of 86% among Wipro's employees.

Some companies that are related to Wipro include Infosys (INFY), Cognizant Technology Solutions (CTSH), Zscaler (ZS), NTT DATA (NTDTY), VeriSign (VRSN), EPAM Systems (EPAM), Aspen Technology (AZPN), OBIC Co.,Ltd. (OBIIF), Amdocs (DOX), Doximity (DOCS), Endava (DAVA), GEMALTO NV/S (GTOMY), Thoughtworks (TWKS), Perficient (PRFT) and Compass (COMP).
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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), Raytheon Technologies (RTX), Abbott Laboratories (ABT), Ford Motor (F), Walt Disney (DIS), Intel (INTC), Tata Motors (TTM), Alibaba Group (BABA) and General Electric (GE).

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

Wipro's stock is owned by many different retail and institutional investors. Top institutional investors include BlackRock Inc. (0.29%), Vanguard Group Inc. (0.23%), State Street Corp (0.19%), Goldman Sachs Group Inc. (0.16%), SG Americas Securities LLC (0.07%) and JPMorgan Chase & Co. (0.07%).

WIT stock was sold by a variety of institutional investors in the last quarter, including Acadian Asset Management LLC, Lazard Asset Management LLC, Arrowstreet Capital Limited Partnership, Vanguard Group Inc., Sumitomo Mitsui Trust Holdings Inc., Leuthold Group LLC, Wellington Management Group LLP, and Connor Clark & Lunn Investment Management Ltd..

WIT stock was purchased by a variety of institutional investors in the last quarter, including JPMorgan Chase & Co., SG Americas Securities LLC, Goldman Sachs Group Inc., Jane Street Group LLC, NINE MASTS CAPITAL Ltd, Segantii Capital Management Ltd, BlackRock Inc., and Nordea Investment Management AB.

Shares of WIT 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.
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One share of WIT stock can currently be purchased for approximately $5.32.

Wipro (NYSE:WIT) has a market capitalization of $29.08 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 $0.29 on an earnings per share basis.

Wipro employs 240,000 workers across the globe.

Wipro was founded in 1945.

Wipro's mailing address is DODDAKANAHALLI VILLAG VARTHUR HOBLI SARJAPUR RD, BANGALORE K7, 560035. The official website for Wipro is www.wipro.com. The information technology services provider can be reached via phone at 918046827999, via email at [email protected], or via fax at 91-80-2844-0054.