2 weeks Ago By Defense World Staff
Natixis Advisors LLC raised its position in Wipro Limited ( NYSE:WIT – Free Report ) by 109.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 336,727 shares of the information technology services provider’s stock after purchasing an additional 175,822 shares during the period.
Natixis Advisors LLC’s holdings in Wipro were worth $1,192,000 as of its most recent filing with the Securities and Exchange Commission. A number of other hedge funds and other institutional investors have also modified their holdings of the company. Ridgewood Investments LLC increased its holdings in Wipro by 100.
0% in the fourth quarter. Ridgewood Investments LLC now owns 7,114 shares of the information technology services provider’s stock valued at $25,000 after buying an additional 3,557 shares during the last quarter. Bell Investment Advisors Inc increased its holdings in shares of Wipro by 100.
0% in the 4th quarter. Bell Investment Advisors Inc now owns 7,262 shares of the information technology services provider’s stock valued at $26,000 after acquiring an additional 3,631 shares during the last quarter. Sierra Ocean LLC acquired a new stake in shares of Wipro during the 4th quarter worth about $29,000.
Farther Finance Advisors LLC lifted its stake in Wipro by 148.3% during the fourth quarter. Farther Finance Advisors LLC now owns 8,123 shares of the information technology services provider’s stock worth $29,000 after purchasing an additional 4,851 shares during the last quarter.
Finally, Freestone Capital Holdings LLC purchased a new position in Wipro in the fourth quarter valued at approximately $36,000. 2.36% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In WIT has been the subject of several recent analyst reports. HSBC upgraded shares of Wipro from a “reduce” rating to a “hold” rating in a research report on Monday, December 9th. StockNews.
com raised Wipro from a “hold” rating to a “buy” rating in a report on Monday, January 20th. Finally, UBS Group raised Wipro from a “sell” rating to a “neutral” rating in a report on Thursday, January 2nd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock.
Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy”. Wipro Stock Up 0.6 % Shares of NYSE:WIT opened at $3.
15 on Wednesday. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.
83 and a quick ratio of 2.83. The stock has a market cap of $32.
94 billion, a P/E ratio of 21.73, a P/E/G ratio of 3.08 and a beta of 0.
94. 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 $3.43 and a 200 day moving average price of $4.
98. Wipro ( NYSE:WIT – Get Free Report ) last released its quarterly earnings results on Friday, January 17th. The information technology services provider reported $0.
04 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.04. Wipro had a return on equity of 15.
46% and a net margin of 13.96%. Sell-side analysts predict that Wipro Limited will post 0.
14 EPS for the current year. Wipro Company Profile ( Free Report ) 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. See Also Five stocks we like better than Wipro What is the MACD Indicator and How to Use it in Your Trading Innovation Incubators: Survey of Entrepreneurs Reveals The Cities Most Supportive of Startups What Are Trending Stocks? Trending Stocks Explained NVIDIA Insiders Sell: This Is What It Means for the Market The Significance of Brokerage Rankings in Stock Selection Space Stocks Bottoming: Which Are Positioned Best for a Bounce? Receive News & Ratings for Wipro Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wipro and related companies with MarketBeat.com's FREE daily email newsletter .
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