Wipro Limited (NYSE:WIT) Shares Purchased by Two Sigma Advisers LP

Two Sigma Advisers LP increased its holdings in shares of Wipro Limited (NYSE:WIT) by 143.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 184,500 shares of the information technology services provider’s stock after acquiring an additional 108,600 shares during the period. Two Sigma Advisers LP’s holdings in Wipro were worth $653,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Perigon Wealth Management LLC acquired a new position in Wipro during the fourth quarter worth $61,000. HighTower Advisors LLC grew its holdings in Wipro by 292.0% during the fourth quarter. HighTower Advisors LLC now owns 62,332 shares of the information technology services provider’s stock worth $221,000 after acquiring an additional 46,432 shares during the period. Barclays PLC acquired a new position in Wipro during the fourth quarter worth $461,000. Northern Trust Corp grew its holdings in Wipro by 172.8% during the fourth quarter. Northern Trust Corp now owns 2,679,066 shares of the information technology services provider’s stock worth $9,484,000 after acquiring an additional 1,697,118 shares during the period. Finally, Tobam acquired a new position in Wipro during the fourth quarter worth $261,000. Institutional investors and hedge funds own 2.36% of the company’s stock.

Wipro Stock Down 1.2%

WIT opened at $2.84 on Wednesday. The business’s fifty day moving average is $2.88 and its two-hundred day moving average is $3.68. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.83 and a current ratio of 2.83. The company has a market cap of $29.65 billion, a price-to-earnings ratio of 19.55, a PEG ratio of 3.08 and a beta of 1.03. Wipro Limited has a one year low of $2.58 and a one year high of $3.79.

Wipro (NYSE:WIT) last posted its earnings results on Wednesday, April 16th. The information technology services provider reported $0.04 EPS for the quarter, hitting analysts’ consensus estimates of $0.04. The company had revenue of $2.62 billion for the quarter, compared to the consensus estimate of $225.66 billion. Wipro had a return on equity of 15.46% and a net margin of 13.96%. Analysts anticipate that Wipro Limited will post 0.14 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on WIT. Wall Street Zen raised Wipro from a “hold” rating to a “buy” rating in a report on Saturday, April 26th. Jefferies Financial Group downgraded Wipro from a “hold” rating to an “underperform” rating in a research report on Tuesday, April 8th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Wipro currently has a consensus rating of “Hold”.

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.