- Grantham Mayo Van Otterloo & Co. LLC increased its holdings in Wipro Limited by 4.5% in the 4th quarter, according to the company’s most recent 13F filing with the Securities and Exchange Commission (SEC).
- Vanguard Group Inc. lifted its holdings in Wipro by 92.0% during the fourth quarter, acquiring 11,196,013 shares of the information technology services provider’s stock.
- State Street Corp boosted its holdings in Wipro by 0.8% in the 3rd quarter, purchasing 87,682 shares of the information technology services provider’s stock.
- Schroder Investment Management Group increased its holdings in Wipro by 177.6% in the 4th quarter, acquiring 6,195,561 shares of the information technology services provider’s stock.
- JPMorgan Chase & Co. increased its stake in Wipro by 41.5% during the 4th quarter, purchasing 2,566,388 shares of the information technology services provider’s stock.
- Fisher Asset Management LLC raised its holdings in shares of Wipro by 97.9% during the fourth quarter, acquiring 3,722,115 shares of the information technology services provider’s stock.
Wipro’s Holdings with Top Investors
| Investor | Shares Owned | Value of Shares |
|---|---|---|
| Grantham Mayo Van Otterloo & Co. LLC | 195,194 | $691,000 |
| Vanguard Group Inc. | 23,359,346 | $82,692,000 |
| State Street Corp | 10,826,697 | $70,157,000 |
| Schroder Investment Management Group | 9,683,559 | $34,280,000 |
| JPMorgan Chase & Co. | 8,744,712 | $30,956,000 |
| Fisher Asset Management LLC | 7,524,297 | $26,636,000 |
Wall Street Analysts Weigh In
StockNews.com recently raised Wipro from a “hold” rating to a “buy” rating, citing the company’s strong growth prospects and improving financials.
Other analysts, however, have a more mixed view. UBS Group raised Wipro from a “sell” rating to a “neutral” rating, while Jefferies Financial Group cut Wipro’s rating from “hold” to “underperform”.
Market Sentiment
- According to MarketBeat, Wipro currently has an average rating of “Hold”.
- Two analysts have 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.
Stock Performance
| Stock Metrics | Value |
|---|---|
| 52-week low | $2.55 |
| 52-week high | $3.79 |
| Market capitalization | $28.91 billion |
| PE ratio | 19.07 |
| Price-to-earnings-growth ratio | 3.08 |
| Beta | 0.96 |
Wipro’s Earnings and Financials
Wipro Limited last released its quarterly earnings data on Friday, January 17th. The company reported $0.04 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.04.
The company had a net margin of 13.96% and a return on equity of 15.46%.
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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