Wipro Limited (NYSE:WIT) Shares Purchased by Schroder Investment Management Group

Schroder Investment Management Group increased its holdings in Wipro Limited (NYSE:WIT) by 177.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,683,559 shares of the information technology services provider’s stock after buying an additional 6,195,561 shares during the quarter. Schroder Investment Management Group owned about 0.09% of Wipro worth $34,280,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of WIT. Perigon Wealth Management LLC acquired a new stake in shares of Wipro in the fourth quarter worth $61,000. Tobam purchased a new stake in Wipro in the fourth quarter valued at $261,000. Van ECK Associates Corp grew its position in Wipro by 89.8% during the 4th quarter. Van ECK Associates Corp now owns 348,859 shares of the information technology services provider’s stock worth $1,235,000 after purchasing an additional 165,076 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Wipro by 93.2% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 86,589 shares of the information technology services provider’s stock valued at $307,000 after buying an additional 41,766 shares during the last quarter. Finally, Bleakley Financial Group LLC lifted its holdings in shares of Wipro by 102.0% in the 4th quarter. Bleakley Financial Group LLC now owns 32,974 shares of the information technology services provider’s stock valued at $117,000 after buying an additional 16,651 shares during the period. 2.36% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Wipro Stock Performance

Shares of WIT stock opened at $3.07 on Wednesday. The company has a current ratio of 2.83, a quick ratio of 2.83 and a debt-to-equity ratio of 0.07. Wipro Limited has a 12-month low of $2.55 and a 12-month high of $3.79. The business’s 50 day moving average is $3.40 and its two-hundred day moving average is $4.87. The company has a market capitalization of $32.05 billion, a P/E ratio of 21.14, a P/E/G ratio of 3.08 and a beta of 0.94.

Wipro (NYSE:WIT) last announced its earnings results on Friday, January 17th. The information technology services provider reported $0.04 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.04. Wipro had a return on equity of 15.46% and a net margin of 13.96%. Analysts expect that Wipro Limited will post 0.14 EPS for the current fiscal year.

Wipro Company 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.