Optas LLC Acquires 13,644 Shares of Wipro Limited (NYSE:WIT)

Optas LLC boosted its stake in shares of Wipro Limited (NYSE:WIT) by 65.4% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 34,513 shares of the information technology services provider’s stock after buying an additional 13,644 shares during the quarter. Optas LLC’s holdings in Wipro were worth $122,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in WIT. Greenleaf Trust grew its position in shares of Wipro by 100.0% during the 4th quarter. Greenleaf Trust now owns 181,332 shares of the information technology services provider’s stock valued at $642,000 after acquiring an additional 90,666 shares during the period. SYM FINANCIAL Corp grew its holdings in Wipro by 118.5% during the fourth quarter. SYM FINANCIAL Corp now owns 31,414 shares of the information technology services provider’s stock valued at $111,000 after purchasing an additional 17,036 shares during the period. Waldron Private Wealth LLC increased its position in Wipro by 99.3% in the fourth quarter. Waldron Private Wealth LLC now owns 98,840 shares of the information technology services provider’s stock worth $350,000 after buying an additional 49,237 shares during the last quarter. Caprock Group LLC raised its stake in shares of Wipro by 89.7% in the fourth quarter. Caprock Group LLC now owns 304,396 shares of the information technology services provider’s stock valued at $1,078,000 after buying an additional 143,926 shares during the period. Finally, First Affirmative Financial Network lifted its position in shares of Wipro by 104.4% during the 4th quarter. First Affirmative Financial Network now owns 32,380 shares of the information technology services provider’s stock valued at $115,000 after buying an additional 16,536 shares during the last quarter. Hedge funds and other institutional investors own 2.36% of the company’s stock.

Wipro Stock Up 0.7 %

WIT stock opened at $3.71 on Wednesday. Wipro Limited has a twelve month low of $2.55 and a twelve month high of $3.79. The firm has a market capitalization of $38.74 billion, a PE ratio of 25.55, a PEG ratio of 3.10 and a beta of 0.91. The company has a quick ratio of 2.83, a current ratio of 2.83 and a debt-to-equity ratio of 0.07. The stock has a 50-day simple moving average of $4.36 and a two-hundred day simple moving average of $5.67.

Wipro (NYSE:WIT) last posted its earnings results 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 15.46%. On average, equities analysts predict that Wipro Limited will post 0.14 EPS for the current fiscal year.

Analyst Ratings Changes

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

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.