Choreo LLC Has $89,000 Holdings in Wipro Limited (NYSE:WIT)

Choreo LLC grew its position in shares of Wipro Limited (NYSE:WIT) by 94.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 25,212 shares of the information technology services provider’s stock after buying an additional 12,259 shares during the quarter. Choreo LLC’s holdings in Wipro were worth $89,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in the company. Perigon Wealth Management LLC acquired a new stake in shares of Wipro in the fourth quarter valued at about $61,000. Mirae Asset Global Investments Co. Ltd. grew its holdings in Wipro by 93.2% in 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. Segall Bryant & Hamill LLC bought a new position in Wipro in the 3rd quarter worth approximately $610,000. Allspring Global Investments Holdings LLC acquired a new position in shares of Wipro during the third quarter worth approximately $860,000. Finally, Ritholtz Wealth Management boosted its position in shares of Wipro by 127.9% in the fourth quarter. Ritholtz Wealth Management now owns 259,503 shares of the information technology services provider’s stock valued at $919,000 after acquiring an additional 145,629 shares during the period. Institutional investors own 2.36% of the company’s stock.

Analysts Set New Price Targets

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

Wipro Stock Up 0.1 %

NYSE WIT opened at $3.64 on Monday. The stock’s 50 day simple moving average is $3.74 and its 200 day simple moving average is $5.52. Wipro Limited has a one year low of $2.55 and a one year high of $3.79. The firm has a market cap of $38.01 billion, a PE ratio of 25.07, a price-to-earnings-growth ratio of 3.13 and a beta of 0.91. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.83 and a quick ratio of 2.83.

Wipro (NYSE:WIT) last posted its quarterly earnings data 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 return on equity of 15.46% and a net margin of 13.96%. As a group, sell-side analysts forecast that Wipro Limited will post 0.14 earnings per share for the current fiscal year.

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.