Greenleaf Trust lifted its position in Wipro Limited (NYSE:WIT – Free Report) by 100.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 181,332 shares of the information technology services provider’s stock after buying an additional 90,666 shares during the period. Greenleaf Trust’s holdings in Wipro were worth $642,000 as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in WIT. Glenmede Trust Co. NA boosted its stake in shares of Wipro by 4.9% in the 3rd quarter. Glenmede Trust Co. NA now owns 37,327 shares of the information technology services provider’s stock worth $242,000 after buying an additional 1,746 shares during the last quarter. BSW Wealth Partners boosted its position in Wipro by 2.8% in the third quarter. BSW Wealth Partners now owns 88,446 shares of the information technology services provider’s stock worth $573,000 after purchasing an additional 2,418 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of Wipro by 37.8% during the 3rd quarter. GAMMA Investing LLC now owns 8,841 shares of the information technology services provider’s stock valued at $57,000 after purchasing an additional 2,426 shares during the period. Franklin Resources Inc. lifted its stake in shares of Wipro by 9.1% in the 3rd quarter. Franklin Resources Inc. now owns 35,371 shares of the information technology services provider’s stock worth $233,000 after purchasing an additional 2,951 shares during the period. Finally, PDS Planning Inc boosted its holdings in shares of Wipro by 3.7% in the third quarter. PDS Planning Inc now owns 92,352 shares of the information technology services provider’s stock worth $598,000 after buying an additional 3,302 shares during the last quarter. Hedge funds and other institutional investors own 2.36% of the company’s stock.
Wall Street Analysts Forecast Growth
WIT has been the subject of a number of research reports. HSBC raised shares of Wipro from a “reduce” rating to a “hold” rating in a report on Monday, December 9th. UBS Group upgraded Wipro from a “sell” rating to a “neutral” rating in a research report on Thursday, January 2nd. Finally, StockNews.com raised Wipro from a “hold” rating to a “buy” rating in a report on Monday, January 20th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy”.
Wipro Stock Performance
Shares of NYSE WIT opened at $3.71 on Wednesday. The stock has a market cap of $38.74 billion, a PE ratio of 25.55, a price-to-earnings-growth ratio of 3.10 and a beta of 0.91. Wipro Limited has a 1 year low of $2.55 and a 1 year high of $3.79. The firm has a fifty day moving average price of $4.36 and a 200-day moving average price of $5.67. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.83 and a quick ratio of 2.83.
Wipro (NYSE:WIT – Get Free Report) last posted its quarterly earnings results on Friday, January 17th. The information technology services provider reported $0.04 EPS for the quarter, meeting analysts’ consensus estimates of $0.04. Wipro had a return on equity of 15.46% and a net margin of 13.96%. Equities analysts anticipate that Wipro Limited will post 0.14 earnings per share for the current fiscal year.
Wipro Profile
Wipro Limited operates as an information technology (IT), consulting, and business process services company worldwide. It operates through IT Services and IT Products segments. 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.
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