Wipro Stock Forecast, Price & News

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Wipro in the last year. There are currently 1 sell rating, 3 hold ratings and 1 buy rating for the stock. The consensus among Wall Street 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.

Wall Street analysts have given Wipro a "Hold" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Wipro wasn't one of them. MarketBeat thinks these five companies may be even better buys.
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Wipro saw a increase in short interest during the month of July. As of July 30th, there was short interest totaling 13,040,000 shares, an increase of 19.9% from the July 15th total of 10,880,000 shares. Based on an average daily trading volume, of 1,770,000 shares, the days-to-cover ratio is currently 7.4 days.
View Wipro's Short Interest.

Wipro is scheduled to release its next quarterly earnings announcement on Tuesday, October 12th 2021.
View our earnings forecast for Wipro.

Wipro Limited (NYSE:WIT) released its quarterly earnings results on Wednesday, July, 14th. The information technology services provider reported $0.08 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.07 by $0.01. The information technology services provider earned $2.46 billion during the quarter, compared to analysts' expectations of $2.33 billion. Wipro had a net margin of 17.83% and a trailing twelve-month return on equity of 20.35%.
View Wipro's earnings history.

Wipro's stock was trading at $3.14 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, WIT shares have increased by 207.0% and is now trading at $9.64.
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Wipro announced an annual dividend on Wednesday, January 13th. Shareholders of record on Monday, January 25th will be paid a dividend of $0.012 per share on Monday, January 25th. This represents a dividend yield of 0.19%. The ex-dividend date of this dividend is Friday, January 22nd.
View Wipro's dividend history.

Wipro pays an annual dividend of $0.01 per share and currently has a dividend yield of 0.10%. The dividend payout ratio of Wipro is 3.85%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Wipro will have a dividend payout ratio of 3.23% next year. This indicates that Wipro will be able to sustain or increase its dividend.
View Wipro's dividend history.

Shares of Wipro 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.

5 analysts have issued twelve-month target prices for Wipro's stock. Their forecasts range from $6.23 to $6.23. On average, they anticipate Wipro's share price to reach $6.23 in the next twelve months. This suggests that the stock has a possible downside of 35.4%.
View analysts' price targets for Wipro or view top-rated stocks among Wall Street analysts.

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), EPAM Systems (EPAM), NTT DATA (NTDTY), VeriSign (VRSN), OBIC Co.,Ltd. (OBIIF), Doximity (DOCS), Amdocs (DOX), Aspen Technology (AZPN), Endava (DAVA), Compass (COMP), GEMALTO NV/S (GTOMY), Perficient (PRFT) and Sogou (SOGO).
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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), The 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 a number of retail and institutional investors. Top institutional investors include BlackRock Inc. (0.26%), Vanguard Group Inc. (0.24%), AQR Capital Management LLC (0.21%), State Street Corp (0.18%), Goldman Sachs Group Inc. (0.07%) and Fisher Asset Management LLC (0.07%).

WIT stock was sold by a variety of institutional investors in the last quarter, including AQR Capital Management LLC, First Trust Advisors LP, LSV Asset Management, BlackRock Inc., State Street Corp, Northern Trust Corp, Goldman Sachs Group Inc., and Nomura Asset Management Co. Ltd..

WIT stock was acquired by a variety of institutional investors in the last quarter, including Millennium Management LLC, NINE MASTS CAPITAL Ltd, JPMorgan Chase & Co., Amundi, LMR Partners LLP, Citigroup Inc., Morgan Stanley, and Morgan Stanley.

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 $9.64.

Wipro has a market capitalization of $54.88 billion and generates $8.47 billion in revenue each year. The information technology services provider earns $1.48 billion in net income (profit) each year or $0.26 on an earnings per share basis.

Wipro employs 200,000 workers across the globe.

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.

Wipro was founded in 1945.

The official website for Wipro is www.wipro.com.

Wipro is headquartered at DODDAKANAHALLI VILLAG VARTHUR HOBLI SARJAPUR RD, BANGALORE K7, 560035.

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 918046827999 or via email at [email protected]