Wipro Limited (NYSE:WIT) Holdings Raised by BSW Wealth Partners

BSW Wealth Partners grew its stake in shares of Wipro Limited (NYSE:WIT) by 102.5% during the 4th quarter, HoldingsChannel reports. The fund owned 179,083 shares of the information technology services provider’s stock after acquiring an additional 90,637 shares during the period. BSW Wealth Partners’ holdings in Wipro were worth $634,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Segall Bryant & Hamill LLC acquired a new position in Wipro in the 3rd quarter worth about $610,000. Allspring Global Investments Holdings LLC acquired a new position in Wipro in the third quarter worth approximately $860,000. Ritholtz Wealth Management lifted its stake in Wipro by 127.9% in the fourth quarter. Ritholtz Wealth Management now owns 259,503 shares of the information technology services provider’s stock valued at $919,000 after acquiring an additional 145,629 shares during the last quarter. DGS Capital Management LLC grew its position in Wipro by 114.8% in the fourth quarter. DGS Capital Management LLC now owns 419,721 shares of the information technology services provider’s stock worth $1,486,000 after acquiring an additional 224,280 shares in the last quarter. Finally, AQR Capital Management LLC increased its stake in shares of Wipro by 12.9% during the 2nd quarter. AQR Capital Management LLC now owns 694,610 shares of the information technology services provider’s stock worth $4,223,000 after purchasing an additional 79,431 shares during the last quarter. 2.36% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. HSBC upgraded shares of Wipro from a “reduce” rating to a “hold” rating in a report on Monday, December 9th. StockNews.com raised Wipro from a “hold” rating to a “buy” rating in a report on Monday, January 20th. UBS Group upgraded Wipro from a “sell” rating to a “neutral” rating in a report on Thursday, January 2nd. Finally, Investec downgraded Wipro from a “hold” rating to a “sell” rating in a report on Thursday, October 3rd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy”.

Wipro Price Performance

NYSE WIT opened at $3.65 on Wednesday. The stock has a 50-day simple moving average of $4.68 and a 200 day simple moving average of $5.78. Wipro Limited has a twelve month low of $2.55 and a twelve month high of $3.79. The stock has a market capitalization of $38.09 billion, a PE ratio of 25.14, a P/E/G ratio of 3.09 and a beta of 0.91. The company has a debt-to-equity ratio of 0.08, a quick ratio of 2.69 and a current ratio of 2.69.

Wipro (NYSE:WIT) last announced its quarterly earnings data on Friday, January 17th. The information technology services provider reported $0.04 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.04. Wipro had a net margin of 13.96% and a return on equity of 15.71%. Research analysts anticipate that Wipro Limited will post 0.14 EPS for the current 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.