Atomi Financial Group Inc. boosted its stake in Wipro Limited (NYSE:WIT – Free Report) by 196.9% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 58,903 shares of the information technology services provider’s stock after acquiring an additional 39,061 shares during the period. Atomi Financial Group Inc.’s holdings in Wipro were worth $209,000 as of its most recent SEC filing.
Other hedge funds also recently made changes to their positions in the company. State Street Corp increased its position in Wipro by 0.8% during the third quarter. State Street Corp now owns 10,826,697 shares of the information technology services provider’s stock worth $70,157,000 after buying an additional 87,682 shares in the last quarter. Millennium Management LLC increased its holdings in Wipro by 67.6% in the 2nd quarter. Millennium Management LLC now owns 5,622,699 shares of the information technology services provider’s stock valued at $34,298,000 after purchasing an additional 2,267,995 shares in the last quarter. Fisher Asset Management LLC boosted its position in Wipro by 72.2% in the 3rd quarter. Fisher Asset Management LLC now owns 3,802,182 shares of the information technology services provider’s stock valued at $24,638,000 after buying an additional 1,593,619 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of Wipro by 116.8% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,610,319 shares of the information technology services provider’s stock worth $10,435,000 after purchasing an additional 867,516 shares during the last quarter. Finally, Creative Planning lifted its position in shares of Wipro by 24.6% during the third quarter. Creative Planning now owns 1,337,344 shares of the information technology services provider’s stock worth $8,666,000 after purchasing an additional 263,925 shares during the last quarter. Institutional investors and hedge funds own 2.36% of the company’s stock.
Wipro Stock Performance
Shares of WIT stock opened at $3.66 on Tuesday. The stock has a 50-day moving average of $4.74 and a 200-day moving average of $5.80. Wipro Limited has a one year low of $2.55 and a one year high of $3.79. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.69 and a quick ratio of 2.69. The stock has a market cap of $38.28 billion, a PE ratio of 25.26, a price-to-earnings-growth ratio of 3.09 and a beta of 0.91.
Analyst Ratings Changes
A number of analysts have recently weighed in on WIT shares. Investec lowered shares of Wipro from a “hold” rating to a “sell” rating in a research note on Thursday, October 3rd. UBS Group upgraded shares of Wipro from a “sell” rating to a “neutral” rating in a research note on Thursday, January 2nd. HSBC raised shares of Wipro from a “reduce” rating to a “hold” rating in a research report 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 equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company 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.
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