Wipro Limited (NYSE:WIT) Stake Lifted by Signaturefd LLC

Signaturefd LLC increased its position in shares of Wipro Limited (NYSE:WIT) by 97.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 591,357 shares of the information technology services provider’s stock after purchasing an additional 292,229 shares during the period. Signaturefd LLC’s holdings in Wipro were worth $2,093,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in WIT. Glenmede Trust Co. NA raised its stake in shares of Wipro by 4.9% in the 3rd quarter. Glenmede Trust Co. NA now owns 37,327 shares of the information technology services provider’s stock worth $242,000 after buying an additional 1,746 shares in the last quarter. Franklin Resources Inc. grew its holdings in Wipro by 9.1% during 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 period. Ridgewood Investments LLC raised its position in Wipro by 100.0% in the fourth quarter. Ridgewood Investments LLC now owns 7,114 shares of the information technology services provider’s stock worth $25,000 after acquiring an additional 3,557 shares in the last quarter. Prime Capital Investment Advisors LLC lifted its holdings in Wipro by 31.1% in the 3rd quarter. Prime Capital Investment Advisors LLC now owns 14,992 shares of the information technology services provider’s stock valued at $97,000 after acquiring an additional 3,558 shares during the last quarter. Finally, Bell Investment Advisors Inc boosted its position in shares of Wipro by 100.0% during the 4th quarter. Bell Investment Advisors Inc now owns 7,262 shares of the information technology services provider’s stock valued at $26,000 after purchasing an additional 3,631 shares in the last quarter. 2.36% of the stock is currently owned by institutional investors and hedge funds.

Wipro Stock Performance

Shares of WIT opened at $3.06 on Tuesday. Wipro Limited has a one year low of $2.55 and a one year high of $3.79. The company has a 50-day moving average of $3.48 and a two-hundred day moving average of $5.12. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.83 and a quick ratio of 2.83. The stock has a market cap of $31.95 billion, a price-to-earnings ratio of 21.07, a PEG ratio of 3.08 and a beta of 0.94.

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

Wall Street Analysts Forecast Growth

Several analysts recently commented on WIT shares. HSBC raised shares of Wipro from a “reduce” rating to a “hold” rating in a research note on Monday, December 9th. UBS Group upgraded Wipro from a “sell” rating to a “neutral” rating in a research report on Thursday, January 2nd. Finally, StockNews.com upgraded Wipro from a “hold” rating to a “buy” rating in a report on Monday, January 20th. One equities research 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 MarketBeat.com, the company currently has a consensus 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.