Wipro Limited (NYSE:WIT) Shares Purchased by E. Ohman J or Asset Management AB

E. Ohman J or Asset Management AB increased its position in shares of Wipro Limited (NYSE:WIT) by 52.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 179,000 shares of the information technology services provider’s stock after acquiring an additional 61,500 shares during the period. E. Ohman J or Asset Management AB’s holdings in Wipro were worth $634,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Optas LLC lifted its stake in Wipro by 65.4% during the 4th quarter. Optas LLC now owns 34,513 shares of the information technology services provider’s stock worth $122,000 after acquiring an additional 13,644 shares in the last quarter. Greenleaf Trust raised its position in Wipro by 100.0% in the 4th quarter. Greenleaf Trust now owns 181,332 shares of the information technology services provider’s stock valued at $642,000 after purchasing an additional 90,666 shares in the last quarter. SYM FINANCIAL Corp raised its position in Wipro by 118.5% in the 4th 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 in the last quarter. Waldron Private Wealth LLC raised its position in Wipro by 99.3% in the 4th quarter. Waldron Private Wealth LLC now owns 98,840 shares of the information technology services provider’s stock valued at $350,000 after purchasing an additional 49,237 shares in the last quarter. Finally, Caprock Group LLC raised its position in Wipro by 89.7% in the 4th quarter. Caprock Group LLC now owns 304,396 shares of the information technology services provider’s stock valued at $1,078,000 after purchasing an additional 143,926 shares in the last quarter. Institutional investors and hedge funds own 2.36% of the company’s stock.

Wipro Price Performance

Shares of NYSE WIT opened at $3.71 on Thursday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.83 and a current ratio of 2.83. Wipro Limited has a fifty-two week low of $2.55 and a fifty-two week high of $3.79. The firm has a market capitalization of $38.74 billion, a PE ratio of 25.55, a price-to-earnings-growth ratio of 3.10 and a beta of 0.91. The stock’s 50-day simple moving average is $4.29 and its 200-day simple moving average is $5.65.

Wipro (NYSE:WIT) last issued its earnings results on Friday, January 17th. The information technology services provider reported $0.04 earnings per share for the quarter, hitting the consensus estimate of $0.04. Wipro had a return on equity of 15.46% and a net margin of 13.96%. As a group, equities research analysts forecast that Wipro Limited will post 0.14 EPS for the current fiscal year.

Analyst Ratings Changes

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