Wipro Limited (NYSE:WIT) Shares Purchased by Farther Finance Advisors LLC

Farther Finance Advisors LLC raised its position in Wipro Limited (NYSE:WIT) by 148.3% in the 4th quarter, HoldingsChannel.com reports. The fund owned 8,123 shares of the information technology services provider’s stock after acquiring an additional 4,851 shares during the quarter. Farther Finance Advisors LLC’s holdings in Wipro were worth $29,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. State Street Corp increased its holdings in Wipro by 0.8% during the 3rd quarter. State Street Corp now owns 10,826,697 shares of the information technology services provider’s stock worth $70,157,000 after purchasing an additional 87,682 shares during the period. Fisher Asset Management LLC increased its stake in shares of Wipro by 97.9% during the fourth quarter. Fisher Asset Management LLC now owns 7,524,297 shares of the information technology services provider’s stock worth $26,636,000 after buying an additional 3,722,115 shares during the period. Robeco Institutional Asset Management B.V. raised its holdings in Wipro by 147.1% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 3,562,214 shares of the information technology services provider’s stock valued at $12,610,000 after acquiring an additional 2,120,454 shares in the last quarter. Rhumbline Advisers grew its stake in shares of Wipro by 84.6% during the fourth quarter. Rhumbline Advisers now owns 3,501,225 shares of the information technology services provider’s stock worth $12,394,000 after purchasing an additional 1,604,356 shares in the last quarter. Finally, Citigroup Inc. increased its holdings in shares of Wipro by 8.5% in the 3rd quarter. Citigroup Inc. now owns 842,893 shares of the information technology services provider’s stock valued at $5,462,000 after acquiring an additional 65,981 shares during the last quarter. 2.36% of the stock is currently owned by hedge funds and other institutional investors.

Wipro Price Performance

Shares of WIT opened at $3.14 on Tuesday. The firm has a 50-day simple moving average of $3.44 and a 200-day simple moving average of $5.00. Wipro Limited has a fifty-two week low of $2.55 and a fifty-two week high of $3.79. The company has a market capitalization of $32.78 billion, a price-to-earnings ratio of 21.62, 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 (NYSE:WIT) last announced 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 anticipate that Wipro Limited will post 0.14 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages recently weighed in on WIT. HSBC raised shares of Wipro from a “reduce” rating to a “hold” rating in a research report on Monday, December 9th. StockNews.com upgraded Wipro from a “hold” rating to a “buy” rating in a research note on Monday, January 20th. Finally, UBS Group upgraded shares of Wipro from a “sell” rating to a “neutral” rating in a research report on Thursday, January 2nd. 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 company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

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.