Campbell & CO Investment Adviser LLC Has $462,000 Stake in Wipro Limited (NYSE:WIT)

Campbell & CO Investment Adviser LLC lowered its stake in shares of Wipro Limited (NYSE:WITFree Report) by 27.0% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 82,913 shares of the information technology services provider’s stock after selling 30,715 shares during the period. Campbell & CO Investment Adviser LLC’s holdings in Wipro were worth $462,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in WIT. Vanguard Group Inc. raised its holdings in Wipro by 4.6% in the 3rd quarter. Vanguard Group Inc. now owns 12,472,687 shares of the information technology services provider’s stock valued at $60,368,000 after acquiring an additional 553,433 shares in the last quarter. Acadian Asset Management LLC raised its stake in shares of Wipro by 50.1% in the third quarter. Acadian Asset Management LLC now owns 6,786,259 shares of the information technology services provider’s stock valued at $32,837,000 after purchasing an additional 2,265,859 shares in the last quarter. BNP Paribas Financial Markets lifted its position in Wipro by 112.7% in the fourth quarter. BNP Paribas Financial Markets now owns 3,722,483 shares of the information technology services provider’s stock worth $20,734,000 after purchasing an additional 1,972,425 shares during the period. Fisher Asset Management LLC boosted its stake in Wipro by 3.7% during the fourth quarter. Fisher Asset Management LLC now owns 2,312,160 shares of the information technology services provider’s stock worth $12,879,000 after buying an additional 83,519 shares in the last quarter. Finally, Rhumbline Advisers increased its holdings in Wipro by 4.7% in the 3rd quarter. Rhumbline Advisers now owns 1,930,460 shares of the information technology services provider’s stock valued at $9,343,000 after buying an additional 86,226 shares during the period. Institutional investors own 2.36% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Wipro from a “hold” rating to a “buy” rating in a research report on Friday, May 24th. Three research analysts have rated the stock with a sell rating and one has issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $5.30.

Get Our Latest Stock Analysis on Wipro

Wipro Stock Performance

Wipro stock opened at $5.62 on Monday. The firm has a market capitalization of $29.33 billion, a P/E ratio of 22.48, a P/E/G ratio of 3.87 and a beta of 0.85. The stock has a fifty day moving average price of $5.43 and a two-hundred day moving average price of $5.58. Wipro Limited has a 52-week low of $4.48 and a 52-week high of $6.45. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.58 and a quick ratio of 2.57.

Wipro (NYSE:WITGet Free Report) last announced its earnings results on Friday, April 19th. The information technology services provider reported $0.07 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.07. The business had revenue of $2.67 billion during the quarter, compared to analysts’ expectations of $2.65 billion. Wipro had a net margin of 12.29% and a return on equity of 15.60%. As a group, analysts anticipate that Wipro Limited will post 0.27 EPS for the current fiscal year.

Wipro Company Profile

(Free Report)

Wipro Limited operates as an information technology (IT), consulting, and business process services company worldwide. It operates through three segments: IT Services, IT Products, and India State Run Enterprise Services (ISRE). 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.

See Also

Institutional Ownership by Quarter for Wipro (NYSE:WIT)

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