Harvest Portfolios Group Inc. Sells 13,625 Shares of Wipro Limited (NYSE:WIT)

Harvest Portfolios Group Inc. decreased its position in shares of Wipro Limited (NYSE:WIT) by 13.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 84,537 shares of the information technology services provider’s stock after selling 13,625 shares during the quarter. Harvest Portfolios Group Inc.’s holdings in Wipro were worth $548,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. PDS Planning Inc increased its position in Wipro by 3.7% during the 3rd quarter. PDS Planning Inc now owns 92,352 shares of the information technology services provider’s stock valued at $598,000 after purchasing an additional 3,302 shares during the period. QRG Capital Management Inc. lifted its holdings in Wipro by 13.2% during the third quarter. QRG Capital Management Inc. now owns 29,244 shares of the information technology services provider’s stock worth $190,000 after buying an additional 3,408 shares during the period. BSW Wealth Partners boosted its position in Wipro by 2.8% during the 3rd quarter. BSW Wealth Partners now owns 88,446 shares of the information technology services provider’s stock valued at $573,000 after acquiring an additional 2,418 shares in the last quarter. Ballentine Partners LLC increased its holdings in shares of Wipro by 3.5% in the 3rd quarter. Ballentine Partners LLC now owns 237,457 shares of the information technology services provider’s stock valued at $1,539,000 after acquiring an additional 8,102 shares during the period. Finally, Greenleaf Trust lifted its stake in shares of Wipro by 156.3% during the 3rd quarter. Greenleaf Trust now owns 90,666 shares of the information technology services provider’s stock worth $588,000 after purchasing an additional 55,291 shares during the last quarter. 2.36% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. Investec lowered Wipro from a “hold” rating to a “sell” rating in a research note on Thursday, October 3rd. StockNews.com upgraded shares of Wipro from a “hold” rating to a “buy” rating in a research note on Tuesday, October 29th. Three research analysts have rated the stock with a sell rating, two have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $5.60.

Wipro Price Performance

Shares of NYSE WIT opened at $6.81 on Thursday. Wipro Limited has a fifty-two week low of $4.49 and a fifty-two week high of $7.01. The company has a debt-to-equity ratio of 0.08, a quick ratio of 2.69 and a current ratio of 2.69. The company has a market cap of $35.58 billion, a PE ratio of 25.22, a P/E/G ratio of 4.35 and a beta of 0.89. The business has a 50-day simple moving average of $6.47 and a two-hundred day simple moving average of $6.05.

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.