Wipro Limited (NYSE:WIT) Holdings Boosted by DGS Capital Management LLC

DGS Capital Management LLC grew its stake in shares of Wipro Limited (NYSE:WIT) by 114.8% in the 4th quarter, Holdings Channel reports. The firm owned 419,721 shares of the information technology services provider’s stock after acquiring an additional 224,280 shares during the quarter. DGS Capital Management LLC’s holdings in Wipro were worth $1,486,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Glenmede Trust Co. NA grew its stake in Wipro by 4.9% during the 3rd quarter. Glenmede Trust Co. NA now owns 37,327 shares of the information technology services provider’s stock worth $242,000 after buying an additional 1,746 shares during the last quarter. Bank of New York Mellon Corp grew its position in shares of Wipro by 16.7% during the second 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. BSW Wealth Partners increased its holdings in shares of Wipro by 2.8% in the 3rd quarter. BSW Wealth Partners now owns 88,446 shares of the information technology services provider’s stock worth $573,000 after acquiring an additional 2,418 shares during the period. GAMMA Investing LLC increased its holdings in shares of Wipro by 37.8% in the 3rd quarter. GAMMA Investing LLC now owns 8,841 shares of the information technology services provider’s stock worth $57,000 after acquiring an additional 2,426 shares during the period. Finally, Xponance Inc. lifted its position in Wipro by 21.7% in the 2nd quarter. Xponance Inc. now owns 15,866 shares of the information technology services provider’s stock valued at $97,000 after purchasing an additional 2,832 shares during the last quarter. 2.36% of the stock is currently owned by institutional investors and hedge funds.

Wipro Price Performance

Shares of NYSE:WIT opened at $3.77 on Friday. The stock’s 50 day moving average price is $4.80 and its 200 day moving average price is $5.82. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.69 and a quick ratio of 2.69. The stock has a market cap of $39.35 billion, a price-to-earnings ratio of 25.97, a PEG ratio of 3.09 and a beta of 0.91. Wipro Limited has a 12 month low of $2.55 and a 12 month high of $3.79.

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

Analysts Set New Price Targets

WIT has been the topic of several analyst reports. Investec lowered shares of Wipro from a “hold” rating to a “sell” rating in a research note on Thursday, October 3rd. UBS Group raised Wipro from a “sell” rating to a “neutral” rating in a research note on Thursday, January 2nd. HSBC raised Wipro from a “reduce” rating to a “hold” rating in a research note on Monday, December 9th. Finally, StockNews.com raised shares of Wipro from a “hold” rating to a “buy” rating in a report on Monday, January 20th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Wipro presently has an average rating of “Moderate Buy”.

About Wipro

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.