Wealthstream Advisors Inc. Boosts Stock Position in Wipro Limited (NYSE:WIT)

Wealthstream Advisors Inc. raised its holdings in Wipro Limited (NYSE:WIT) by 107.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 59,499 shares of the information technology services provider’s stock after buying an additional 30,847 shares during the period. Wealthstream Advisors Inc.’s holdings in Wipro were worth $211,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the business. Glenmede Trust Co. NA increased its position in shares of Wipro by 4.9% during the third quarter. Glenmede Trust Co. NA now owns 37,327 shares of the information technology services provider’s stock worth $242,000 after purchasing an additional 1,746 shares in the last quarter. BSW Wealth Partners boosted its position in shares of Wipro by 2.8% in the 3rd quarter. BSW Wealth Partners now owns 88,446 shares of the information technology services provider’s stock valued at $573,000 after purchasing an additional 2,418 shares during the period. Franklin Resources Inc. grew its stake in Wipro by 9.1% during the 3rd quarter. Franklin Resources Inc. now owns 35,371 shares of the information technology services provider’s stock worth $233,000 after buying an additional 2,951 shares during the last quarter. PDS Planning Inc increased its position in Wipro by 3.7% during the third quarter. PDS Planning Inc now owns 92,352 shares of the information technology services provider’s stock worth $598,000 after buying an additional 3,302 shares during the period. Finally, Cable Hill Partners LLC lifted its stake in Wipro by 7.6% in the third quarter. Cable Hill Partners LLC now owns 47,740 shares of the information technology services provider’s stock valued at $309,000 after buying an additional 3,359 shares during the last quarter. 2.36% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Wipro Trading Down 4.3 %

NYSE:WIT opened at $3.49 on Monday. Wipro Limited has a 12-month low of $2.55 and a 12-month high of $3.79. The company has a current ratio of 2.83, a quick ratio of 2.83 and a debt-to-equity ratio of 0.07. The stock’s 50 day simple moving average is $3.60 and its 200-day simple moving average is $5.44. The firm has a market cap of $36.44 billion, a P/E ratio of 24.04, a PEG ratio of 3.08 and a beta of 0.91.

Wipro (NYSE:WIT) last announced its quarterly earnings data on Friday, January 17th. The information technology services provider reported $0.04 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.04. Wipro had a net margin of 13.96% and a return on equity of 15.46%. Equities analysts anticipate that Wipro Limited will post 0.14 EPS for the current year.

About Wipro

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.