19,100 Shares in Wipro Limited (NYSE:WIT) Bought by Savant Capital LLC

Savant Capital LLC purchased a new position in Wipro Limited (NYSE:WIT) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 19,100 shares of the information technology services provider’s stock, valued at approximately $68,000.

A number of other institutional investors also recently made changes to their positions in the stock. Glenmede Trust Co. NA raised its holdings in shares of Wipro by 4.9% in the third quarter. Glenmede Trust Co. NA now owns 37,327 shares of the information technology services provider’s stock worth $242,000 after acquiring an additional 1,746 shares during the last quarter. BSW Wealth Partners raised its holdings in shares of Wipro by 2.8% in the third 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 last quarter. Franklin Resources Inc. raised its holdings in shares of Wipro by 9.1% in the third quarter. Franklin Resources Inc. now owns 35,371 shares of the information technology services provider’s stock worth $233,000 after acquiring an additional 2,951 shares during the last quarter. PDS Planning Inc increased its stake in Wipro by 3.7% in the third quarter. PDS Planning Inc now owns 92,352 shares of the information technology services provider’s stock valued at $598,000 after purchasing an additional 3,302 shares during the last quarter. Finally, Cable Hill Partners LLC increased its stake in Wipro by 7.6% in the third quarter. Cable Hill Partners LLC now owns 47,740 shares of the information technology services provider’s stock valued at $309,000 after purchasing an additional 3,359 shares during the last quarter. 2.36% of the stock is owned by institutional investors and hedge funds.

Wipro Price Performance

WIT stock opened at $3.68 on Thursday. The stock has a 50-day moving average price of $3.60 and a two-hundred day moving average price of $5.47. Wipro Limited has a 12-month low of $2.55 and a 12-month high of $3.79. The company has a current ratio of 2.83, a quick ratio of 2.83 and a debt-to-equity ratio of 0.07. The company has a market cap of $38.43 billion, a PE ratio of 25.35, a price-to-earnings-growth ratio of 3.07 and a beta of 0.91.

Wipro (NYSE:WIT) last posted its quarterly 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%. As a group, research analysts predict that Wipro Limited will post 0.14 EPS for the current year.

Wall Street Analyst Weigh In

WIT has been the subject of several analyst reports. StockNews.com upgraded Wipro from a “hold” rating to a “buy” rating in a research note on Monday, January 20th. UBS Group upgraded Wipro from a “sell” rating to a “neutral” rating in a research note on Thursday, January 2nd. Finally, HSBC upgraded Wipro from a “reduce” rating to a “hold” rating in a research note on Monday, December 9th. One 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 company. According to 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.