Clarendon Private LLC Makes New $52,000 Investment in Wipro Limited (NYSE:WIT)

Clarendon Private LLC acquired a new stake in Wipro Limited (NYSE:WIT) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 14,588 shares of the information technology services provider’s stock, valued at approximately $52,000.

A number of other large investors also recently bought and sold shares of the company. Ridgewood Investments LLC raised its holdings in Wipro by 100.0% during the fourth quarter. Ridgewood Investments LLC now owns 7,114 shares of the information technology services provider’s stock worth $25,000 after purchasing an additional 3,557 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of Wipro by 37.8% in the 3rd quarter. GAMMA Investing LLC now owns 8,841 shares of the information technology services provider’s stock valued at $57,000 after buying an additional 2,426 shares during the period. Abacus Wealth Partners LLC purchased a new stake in shares of Wipro in the third quarter valued at approximately $71,000. Werba Rubin Papier Wealth Management acquired a new position in Wipro during the third quarter worth $71,000. Finally, Fulton Bank N.A. purchased a new position in Wipro in the fourth quarter worth $44,000. Hedge funds and other institutional investors own 2.36% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the stock. Investec cut shares of Wipro from a “hold” rating to a “sell” rating in a research note on Thursday, October 3rd. StockNews.com raised Wipro from a “hold” rating to a “buy” rating in a research note on Monday, January 20th. UBS Group raised Wipro from a “sell” rating to a “neutral” rating in a research note on Thursday, January 2nd. Finally, HSBC upgraded Wipro from a “reduce” rating to a “hold” rating in a research report on Monday, December 9th. One investment 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 company. According to data from MarketBeat.com, Wipro presently has a consensus rating of “Moderate Buy”.

Wipro Stock Up 0.7 %

WIT stock opened at $3.77 on Friday. 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 company’s 50 day simple moving average is $4.74 and its 200-day simple moving average is $5.81. Wipro Limited has a 12 month low of $2.55 and a 12 month high of $3.79. The firm has a market capitalization of $39.35 billion, a PE ratio of 25.97, a P/E/G ratio of 3.09 and a beta of 0.91.

Wipro (NYSE:WIT) last announced its earnings results on Friday, January 17th. The information technology services provider reported $0.04 EPS for the quarter, meeting analysts’ consensus estimates of $0.04. Wipro had a return on equity of 15.71% and a net margin of 13.96%. Equities analysts expect that Wipro Limited will post 0.14 earnings per share for the current fiscal year.

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.