Segall Bryant & Hamill LLC Raises Position in Wipro Limited (NYSE:WIT)

Segall Bryant & Hamill LLC increased its position in shares of Wipro Limited (NYSE:WIT) by 114.9% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 202,200 shares of the information technology services provider’s stock after purchasing an additional 108,100 shares during the period. Segall Bryant & Hamill LLC’s holdings in Wipro were worth $716,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in shares of Wipro by 92.0% in the fourth quarter. Vanguard Group Inc. now owns 23,359,346 shares of the information technology services provider’s stock valued at $82,692,000 after buying an additional 11,196,013 shares in the last quarter. Fisher Asset Management LLC boosted its position in shares of Wipro by 97.9% during the 4th quarter. Fisher Asset Management LLC now owns 7,524,297 shares of the information technology services provider’s stock worth $26,636,000 after purchasing an additional 3,722,115 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of Wipro by 208.6% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 4,969,385 shares of the information technology services provider’s stock worth $17,592,000 after purchasing an additional 3,359,066 shares during the period. Robeco Institutional Asset Management B.V. increased its holdings in shares of Wipro by 147.1% in the 4th 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 purchasing an additional 2,120,454 shares in the last quarter. Finally, Rhumbline Advisers lifted its stake in shares of Wipro by 84.6% in the fourth quarter. Rhumbline Advisers now owns 3,501,225 shares of the information technology services provider’s stock valued at $12,394,000 after purchasing an additional 1,604,356 shares during the period. Institutional investors and hedge funds own 2.36% of the company’s stock.

Wall Street Analyst Weigh In

WIT has been the subject of a number of research analyst reports. StockNews.com raised shares of Wipro from a “hold” rating to a “buy” rating in a report on Monday, January 20th. UBS Group raised Wipro from a “sell” rating to a “neutral” rating in a report on Thursday, January 2nd. Finally, HSBC raised Wipro from a “reduce” rating to a “hold” rating in a report on Monday, December 9th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

Wipro Stock Down 3.0 %

Shares of NYSE WIT opened at $3.04 on Friday. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.83 and a quick ratio of 2.83. The firm’s 50-day moving average is $3.41 and its two-hundred day moving average is $4.93. Wipro Limited has a 12-month low of $2.55 and a 12-month high of $3.79. The company has a market capitalization of $31.74 billion, a PE ratio of 20.93, a price-to-earnings-growth ratio of 3.08 and a beta of 0.94.

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 15.46% and a net margin of 13.96%. Equities analysts anticipate that Wipro Limited will post 0.14 EPS 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.