Wipro Limited (NYSE:WIT) Shares Purchased by Xponance Inc.

Xponance Inc. grew its stake in shares of Wipro Limited (NYSE:WIT) by 110.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 37,566 shares of the information technology services provider’s stock after acquiring an additional 19,700 shares during the quarter. Xponance Inc.’s holdings in Wipro were worth $133,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of WIT. Boston Partners acquired a new position in Wipro during the fourth quarter worth approximately $3,497,000. Evoke Wealth LLC increased its holdings in shares of Wipro by 100.5% during the 4th quarter. Evoke Wealth LLC now owns 21,184 shares of the information technology services provider’s stock worth $75,000 after buying an additional 10,618 shares during the last quarter. PDS Planning Inc raised its position in shares of Wipro by 96.1% in the 4th quarter. PDS Planning Inc now owns 181,096 shares of the information technology services provider’s stock worth $641,000 after buying an additional 88,744 shares during the period. Signaturefd LLC boosted its holdings in Wipro by 97.7% in the fourth quarter. Signaturefd LLC now owns 591,357 shares of the information technology services provider’s stock valued at $2,093,000 after acquiring an additional 292,229 shares during the last quarter. Finally, Corient Private Wealth LLC grew its position in Wipro by 98.6% during the fourth quarter. Corient Private Wealth LLC now owns 599,769 shares of the information technology services provider’s stock valued at $2,123,000 after acquiring an additional 297,756 shares during the period. 2.36% of the stock is currently owned by hedge funds and other institutional investors.

Wipro Price Performance

WIT stock opened at $3.04 on Friday. The firm has a market cap of $31.74 billion, a P/E ratio of 20.93, a price-to-earnings-growth ratio of 3.08 and a beta of 0.94. 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 1 year low of $2.55 and a 1 year high of $3.79. The stock has a 50-day simple moving average of $3.41 and a 200-day simple moving average of $4.92.

Wipro (NYSE:WIT) last issued its quarterly earnings data on Friday, January 17th. The information technology services provider reported $0.04 earnings per share (EPS) for the quarter, meeting 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 earnings per share for the current fiscal year.

Analysts Set New Price Targets

WIT has been the topic of a number of research reports. UBS Group upgraded Wipro from a “sell” rating to a “neutral” rating in a report on Thursday, January 2nd. StockNews.com raised shares of Wipro from a “hold” rating to a “buy” rating in a research report on Monday, January 20th. Finally, HSBC upgraded shares of Wipro from a “reduce” rating to a “hold” rating in a research note on Monday, December 9th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

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.