NYSE:WIT

Wipro - WIT Stock Forecast, Price & News

$4.71

-0.01 (-0.21%)

(As of 09/30/2022 12:00 AM ET)

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Today's Range: $4.70
▼
$4.78
50-Day Range: $4.71
▼
$5.51
52-Week Range: $4.68
▼
$9.96

Volume: 2.43 million shs
Average Volume: 2.55 million shs
Market Capitalization: $25.76 billion

P/E Ratio: 17.45
Dividend Yield: 1.48%
Price Target: $4.79

Wipro MarketRank™ Forecast

Analyst Rating: Hold
1.78 Rating Score
Upside/Downside: 1.6% Upside
$4.79 Price Target
Short Interest: Healthy
0.23% of Float Sold Short
Dividend Strength: Moderate
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.05
Based on 3 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 11.11%
From $0.27 to $0.30 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.92 out of 5 stars

Computer And Technology Sector

499th out of 650 stocks

Custom Computer Programming Services Industry

22nd out of 30 stocks

1.9

Analyst's Opinion

Consensus Rating
Wipro has received a consensus rating of Hold. The company's average rating score is 1.78, and is based on 3 buy ratings, 1 hold rating, and 5 sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $4.79, Wipro has a forecasted upside of 1.6% from its current price of $4.71.
Amount of Analyst Coverage
Wipro has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

3.0

Short Interest

Percentage of Shares Shorted
0.23% of the float of Wipro has been sold short.
Short Interest Ratio / Days to Cover
Wipro has a short interest ratio ("days to cover") of 4.6.
Change versus previous month
Short interest in Wipro has recently decreased by 3.58%, indicating that investor sentiment is improving.

2.5

Dividend Strength

Dividend Yield
Wipro pays a meaningful dividend of 1.48%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Wipro has only been increasing its dividend for 1 years.
Dividend Coverage
The dividend payout ratio of Wipro is 25.93%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Wipro will have a dividend payout ratio of 23.33% next year. This indicates that Wipro will be able to sustain or increase its dividend.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for WIT.

1.1

News and Social Media Coverage

News Sentiment
Wipro has a news sentiment score of 0.05. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.54 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 3 news articles for Wipro this week, compared to 3 articles on an average week.
MarketBeat Follows
Only 6 people have added Wipro to their MarketBeat watchlist in the last 30 days. This is a decrease of -25% compared to the previous 30 days.

0.0

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Wipro insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 1.00% of the stock of Wipro is held by insiders.
Percentage Held by Institutions
Only 2.13% of the stock of Wipro is held by institutions.

2.5

Earnings and Valuation

Earnings Growth
Earnings for Wipro are expected to grow by 11.11% in the coming year, from $0.27 to $0.30 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Wipro is 17.45, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 118.10.
Price to Earnings Ratio vs. Sector
The P/E ratio of Wipro is 17.45, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 356.02.
Price to Earnings Growth Ratio
Wipro has a PEG Ratio of 1.94. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Wipro has a P/B Ratio of 2.96. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Wipro (NYSE:WIT) Stock

Wipro Limited operates as information technology (IT), consulting, and business process services company worldwide. It operates through three segments: IT Services, IT Products, and India State Run Enterprise Services (ISRE). The IT Services segment offers IT and IT-enabled services, including digital strategy advisory, customer-centric design, technology and IT consulting, custom application design, development, re-engineering and maintenance, systems integration, package implementation, cloud and infrastructure, business process, cloud, mobility and analytics, research and development, and hardware and software design services to enterprises. It serves customers in various industry sectors, such as healthcare and medical devices, consumer goods and life sciences, retail, transportation and services, communications, media and information services, technology products and platforms, banking, financial services and insurance, manufacturing, hi-tech, energy, and utilities. The IT Products segment provides a range of 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. It serves enterprises in various industries primarily in the India market, which comprise the government, defense, IT and IT-enabled services, telecommunications, manufacturing, utilities, education, and financial services sectors. The ISRE segment offers IT services to entities and departments owned or controlled by the Government of India and/or various Indian State Governments. The company was incorporated in 1945 and is based in Bengaluru, India.

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WIT Stock News Headlines

September 30, 2022 | nasdaq.com

Oversold Conditions For Wipro (WIT) - Nasdaq

September 28, 2022 | americanbankingnews.com

Wipro Limited (NYSE:WIT) Receives $4.79 Consensus Target Price from Analysts

September 27, 2022 | globenewswire.com

e2log and Wipro Discuss How Technology Accelerates Logistics Engines That Drive Global Supply Chains at Gartner® Supply Chain Symposium/Xpo™ 2022 EMEA - GlobeNewswire

September 24, 2022 | techcrunch.com

GTA 6 footage leaks, Revolut gets hacked, and Wipro fires 300 for “moonlighting” - TechCrunch

September 23, 2022 | msn.com

Wipro chief who fired 300 employees for ‘moonlighting' on receiving end of 'hate mails' - msnNOW

September 22, 2022 | techcrunch.com

Daily Crunch: Moonlighters eclipsed — Wipro lets go of 300 employees who were working for its rivals - TechCrunch

September 21, 2022 | techcrunch.com

IT services group Wipro fires 300 employees moonlighting for competitors - TechCrunch

September 2, 2022 | nasdaq.com

Wipro Ltd. - ADR Shares Approach 52-Week Low - Market Mover - Nasdaq

August 19, 2022 | in.investing.com

Key Stocks Under Focus: Oil Companies, Wipro, Tata Power, Max Healthcare & More - Investing.com India

August 18, 2022 | businesswire.com

HM Treasury Selects Wipro for Service Integration and Management - Business Wire

August 18, 2022 | finance.yahoo.com

HM Treasury Selects Wipro for Service Integration and Management

August 16, 2022 | benzinga.com

Smart Ports Global Market Report 2022-2026: Featuring Key Players Wipro, IBM, Accenture & Others - Benzinga

August 10, 2022 | businesswire.com

The Manufacturing Industry Is The Most Advanced In Cloud Adoption: Wipro Report - Business Wire

August 6, 2022 | msn.com

Here's How Much You Would Have Made Owning Wipro Stock In The Last 20 Years

August 5, 2022 | benzinga.com

Here's How Much You Would Have Made Owning Wipro Stock In The Last 20 Years - Benzinga

August 2, 2022 | businesswire.com

Digital Transformation Could Save Manufacturers $1 Trillion Annually, Says Expert in Wipro Sponsored Harvard Business Review Analytic Services Report - Business Wire

August 2, 2022 | finance.yahoo.com

Digital Transformation Could Save Manufacturers $1 Trillion Annually, Says Expert in Wipro Sponsored Harvard Business Review Analytic Services Report

July 27, 2022 | seekingalpha.com

Wipro Q1: Earnings Fall Short Again As Profit Outlook Remains Bleak (NYSE:WIT) - Seeking Alpha

July 26, 2022 | businesswire.com

Nokia Extends Strategic Partnership with Wipro to Drive Digital Transformation and Efficiencies in Global Business Services - Business Wire

July 26, 2022 | finance.yahoo.com

Nokia Extends Strategic Partnership with Wipro to Drive Digital Transformation and Efficiencies in Global Business Services

July 24, 2022 | msn.com

Azim Premji Birthday Special: Facts you may or may not know about Wipro's chairman

July 21, 2022 | finance.yahoo.com

Wipro Limited Announces Results for the Quarter ended June 30, 2022 under IFRS - Yahoo Finance

July 20, 2022 | benzinga.com

Here's How Much You Would Have Made Owning Wipro Stock In The Last 20 Years - Benzinga - Benzinga

July 20, 2022 | seekingalpha.com

Wipro hit with double downgrade at Citi as Q1 earnings disappoints (NYSE:WIT) - Seeking Alpha

July 20, 2022 | finance.yahoo.com

India's Wipro sees higher IT services revenue growth on strong deals pipeline - Yahoo Finance

See More Headlines

30 days | 90 days | 365 days | Advanced Chart

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WIT Company Calendar

Last Earnings: 7/20/2022
Today: 10/01/2022
Next Earnings (Estimated): 10/12/2022
Fiscal Year End: 3/31/2023

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Custom computer programming services
Sub-Industry: N/A
Sector: Computer and Technology
Current Symbol: NYSE:WIT
CUSIP: N/A
CIK: 1123799
Web: www.wipro.com
Phone: 918046827999
Fax: 91-80-2844-0054
Employees: 240,000
Year Founded: 1945

Price Target and Rating

Average Stock Price Forecast: $4.79
High Stock Price Forecast: $4.87
Low Stock Price Forecast: $4.70
Forecasted Upside/Downside: +1.6%
Consensus Rating: Hold
Rating Score (0-4): 1.78
Research Coverage: 9 Analysts

Profitability

EPS (Most Recent Fiscal Year): $0.27
Trailing P/E Ratio: 17.45
Forward P/E Ratio: 17.44
P/E Growth: 1.94
Net Income: $1.61 billion
Net Margins: 14.06%
Pretax Margin: 17.49%
Return on Equity: 17.66%
Return on Assets: 11.13%

Debt

Debt-to-Equity Ratio: 0.09
Current Ratio: 1.95
Quick Ratio: 1.94

Sales & Book Value

Annual Sales: $10.43 billion
Price / Sales: 2.47
Cash Flow: $0.37 per share
Price / Cash Flow: 12.79
Book Value: $1.59 per share
Price / Book: 2.96

Miscellaneous

Outstanding Shares: 5,468,370,000
Free Float: 5,413,683,000
Market Cap: $25.76 billion
Optionable: Optionable
Beta: 0.83

Social Links

Key Executives

Mr. Rishad Azim Hasham Premji Jr. (Age 45)
Exec. Chairman
Comp: $1.73M

Mr. Thierry Delaporte (Age 55)
MD, CEO, Director & Member of Exec. Board
Comp: $9.98M

Mr. Jatin Pravinchandra Dalal (Age 47)
Pres, CFO & Exec. Board Member

Mr. B. M. Bhanumurthy (Age 58)
Pres & COO

Mr. Saurabh Govil (Age 54)
Chief HR Officer & Exec. Board Member

Mr. Sanjeev Singh (Age 55)
Chief Operations Officer & Exec. Board Member

Mr. Deepak Acharya (Age 55)
SVP, Chief Risk Officer & Gen. Counsel

Ms. Sunita Rebecca Cherian (Age 48)
Chief Culture Officer

Mr. Keyur Maniar BE (Age 52)
MBA, Diploma, Sr. VP

Kumudha Sridharan (Age 58)
Sr. VP

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

WIT Stock - Frequently Asked Questions

Should I buy or sell Wipro stock right now?: 9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Wipro in the last year. There are currently 5 sell ratings, 1 hold rating and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" WIT shares. 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 WIT analyst ratings or view top-rated stocks.
What is Wipro's stock price forecast for 2022?: 9 analysts have issued 1 year price objectives for Wipro's stock. Their WIT share price forecasts range from $4.70 to $4.87. On average, they expect the company's stock price to reach $4.79 in the next year. This suggests a possible upside of 1.6% from the stock's current price.
View analysts price targets for WIT or view top-rated stocks among Wall Street analysts.
How have WIT shares performed in 2022?: Wipro's stock was trading at $9.76 at the beginning of the year. Since then, WIT stock has decreased by 51.7% and is now trading at $4.71.
View the best growth stocks for 2022 here.
When is Wipro's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 12th 2022.
View our WIT earnings forecast.
How were Wipro's earnings last quarter?: Wipro Limited (NYSE:WIT) announced its earnings results on Wednesday, July, 20th. The information technology services provider reported $0.06 EPS for the quarter, missing the consensus estimate of $0.08 by $0.02. The information technology services provider had revenue of $2.72 billion for the quarter, compared to analyst estimates of $2.75 billion. Wipro had a trailing twelve-month return on equity of 17.66% and a net margin of 14.06%.
How often does Wipro pay dividends? What is the dividend yield for Wipro?: Wipro announced a dividend on Friday, March 25th. Shareholders of record on Wednesday, April 6th will be paid a dividend of $0.059 per share on Wednesday, April 6th. The ex-dividend date is Tuesday, April 5th. This is a positive change from the stock's previous dividend of $0.02.
Read our dividend analysis for WIT.
Is Wipro a good dividend stock?: Wipro (NYSE:WIT) pays an annual dividend of $0.07 per share and currently has a dividend yield of 1.48%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 25.93%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, WIT will have a dividend payout ratio of 23.33% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for WIT.
When did Wipro's stock split?: Wipro's stock split on 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 market closes on Tuesday, April 25th 2017. An investor that had 100 shares of stock prior to the split would have 200 shares after the split.

What is Thierry Delaporte's approval rating as Wipro's CEO?: 60 employees have rated Wipro Chief Executive Officer Thierry Delaporte on Glassdoor.com. Thierry Delaporte has an approval rating of 86% among the company's employees.
What other stocks do shareholders of Wipro own?: 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).
What is Wipro's stock symbol?: Wipro trades on the New York Stock Exchange (NYSE) under the ticker symbol "WIT."
How do I buy shares of Wipro?: Shares of WIT stock 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.
Compare Top Brokerages Here.
What is Wipro's stock price today?: One share of WIT stock can currently be purchased for approximately $4.71.
How much money does Wipro make?: Wipro (NYSE:WIT) has a market capitalization of $25.76 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 $0.27 on an earnings per share basis.
How many employees does Wipro have?: The company employs 240,000 workers across the globe.
Does Wipro have any subsidiaries?: The following companies are subsidiares of Wipro: 4C, ATCO I-Tek Inc., Appirio Inc., Appirio India Cloud Solutions Private Limited, Capco, Cellent GmbH, Citi Technology Services, Cooper Software Inc., Designit A/S, Designit Denmark A/S, Designit Germany GmbH, Designit Oslo A/S, Designit Spain Digital S.L., Designit Sweden AB, Designit T.L.V Ltd., Designit Tokyo Ltd., Global Oil and Gas Information Technology Services Business, HPH Holdings Corp., HealthPlan Services, HealthPlan Services Inc., InfoServer, Infocrossing LLC, International TechneGroup, Opus Capital Markets Consultants, Opus Capital Markets Consultants LLC, PT. WT Indonesia, Promax Application Group, Rainbow Software LLC, Rational Interaction Inc., TechneGroup Incorporated, Viteos Group, Wipro (Dalian) Limited, Wipro (Thailand) Co. Limited, Wipro Airport IT Services Limited*, Wipro Arabia Co. Limited, Wipro Bahrain Limited Co. S.P.C., Wipro Chengdu Limited, Wipro Corporate Technologies Ghana Limited, Wipro Cyprus Private Limited, Wipro Digital Aps, Wipro Doha LLC, Wipro Europe Limited, Wipro Financial Services UK Limited, Wipro Gallagher Solutions LLC, Wipro Gulf LLC, Wipro HR Services India Private Limited, Wipro Holdings (Mauritius) Limited, Wipro Holdings (UK) Limited, Wipro Holdings Hungary Korlátolt Felelosségu Társaság, Wipro Holdings Investment Korlátolt Felelosségu Társaság, Wipro IT Service Ukraine LLC, Wipro IT Services Bangladesh Limited, Wipro IT Services LLC, Wipro IT Services Poland SP Z.O.O, Wipro IT Services S.R.L., Wipro IT Services SE, Wipro Information Technology Austria GmbH, Wipro Information Technology Egypt SAE, Wipro Information Technology Kazakhstan LLP, Wipro Information Technology Netherlands BV., Wipro Insurance Solutions LLC, Wipro Japan KK, Wipro LLC, Wipro LLC, Wipro Networks Pte Limited, Wipro Outsourcing Services (Ireland) Limited, Wipro Overseas IT Services Pvt. Ltd, Wipro Philippines Inc., Wipro Poland SP Z.O.O, Wipro Portugal S.A., Wipro Promax Analytics Solutions Americas LLC, Wipro Shanghai Limited, Wipro Solutions Canada Limited, Wipro Technologies Australia Pty Ltd, Wipro Technologies Limited, Wipro Technologies Nigeria Limited, Wipro Technologies Peru S.A.C., Wipro Technologies S.R.L., Wipro Technologies SA, Wipro Technologies SA DE CV, Wipro Technologies SDN BHD, Wipro Technologies South Africa (Proprietary) Limited, Wipro Technologies VZ C.A., Wipro Technologies W.T. Sociedad Anonima, Wipro Technology Chile SPA, Wipro Trademarks Holding Limited, Wipro Travel Services Limited, Wipro UK Limited, Wipro US Foundation International, Wipro do Brasil Servicos de Tecnologia S.A., Wipro do Brasil Technologia Ltda, and Women’s Business Park Technologies Limited.
Read More
How can I contact Wipro?: Wipro's mailing address is DODDAKANAHALLI VILLAG VARTHUR HOBLI SARJAPUR RD, BANGALORE K7, 560035. The official website for the company is www.wipro.com. The information technology services provider can be reached via phone at 918046827999, via email at investor.relations@wipro.com, or via fax at 91-80-2844-0054.

This page (NYSE:WIT) was last updated on 10/1/2022 by MarketBeat.com Staff

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Wipro - WIT Stock Forecast, Price & News

Wipro MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month