1 week Ago By Defense World Staff
UBS Group upgraded shares of Wipro ( NYSE:WIT – Free Report ) from a sell rating to a neutral rating in a research report sent to investors on Thursday morning, Marketbeat.com reports. Several other equities research analysts also recently commented on the stock.
StockNews.com raised shares of Wipro from a “hold” rating to a “buy” rating in a report on Monday. HSBC upgraded shares of Wipro from a “reduce” rating to a “hold” rating in a research note on Monday, December 9th.
Finally, Investec lowered shares of Wipro from a “hold” rating to a “sell” rating in a research note on Thursday, October 3rd. Three analysts have rated the stock with a sell rating, two have assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.
com, the stock currently has a consensus rating of “Hold” and a consensus price target of $5.60. Check Out Our Latest Stock Analysis on Wipro Wipro Trading Up 0.
8 % Wipro ( NYSE:WIT – Get Free Report ) last released its earnings results on Thursday, October 17th. The information technology services provider reported $0.07 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.
07. Wipro had a return on equity of 14.98% and a net margin of 13.
23%. The business had revenue of $2.66 billion during the quarter, compared to the consensus estimate of $2.
66 billion. Sell-side analysts anticipate that Wipro will post 0.14 earnings per share for the current year.
Institutional Inflows and Outflows Several institutional investors have recently made changes to their positions in WIT. Bank of New York Mellon Corp increased its stake in Wipro by 16.7% in the 2nd quarter.
Bank of New York Mellon Corp now owns 14,686 shares of the information technology services provider’s stock worth $90,000 after acquiring an additional 2,104 shares during the last quarter. Van ECK Associates Corp raised its stake in Wipro by 38.8% in the second quarter.
Van ECK Associates Corp now owns 196,752 shares of the information technology services provider’s stock valued at $1,200,000 after purchasing an additional 55,048 shares in the last quarter. Mayflower Financial Advisors LLC purchased a new stake in Wipro in the second quarter valued at approximately $64,000. Victory Capital Management Inc.
bought a new stake in Wipro during the second quarter valued at approximately $923,000. Finally, Candriam S.C.
A. grew its stake in Wipro by 43.6% in the 2nd quarter.
Candriam S.C.A.
now owns 870,000 shares of the information technology services provider’s stock worth $5,307,000 after buying an additional 264,000 shares in the last quarter. Institutional investors own 2.36% of the company’s stock.
About Wipro ( Get 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.
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