Wipro Limited (NYSE:WIT) Shares Acquired by Dorsey & Whitney Trust CO LLC

Dorsey & Whitney Trust CO LLC boosted its stake in shares of Wipro Limited (NYSE:WIT) by 145.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 25,806 shares of the information technology services provider’s stock after purchasing an additional 15,308 shares during the quarter. Dorsey & Whitney Trust CO LLC’s holdings in Wipro were worth $91,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. State Street Corp boosted its holdings in shares of Wipro by 0.8% during the third quarter. State Street Corp now owns 10,826,697 shares of the information technology services provider’s stock valued at $70,157,000 after acquiring an additional 87,682 shares during the period. Fisher Asset Management LLC boosted its stake in 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 valued at $26,636,000 after purchasing an additional 3,722,115 shares during the period. Robeco Institutional Asset Management B.V. increased its stake in shares of Wipro by 147.1% in the fourth 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 during the period. Rhumbline Advisers raised its holdings in shares of Wipro by 84.6% during 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 buying an additional 1,604,356 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of Wipro by 116.8% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,610,319 shares of the information technology services provider’s stock worth $10,435,000 after buying an additional 867,516 shares during the period. 2.36% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Wipro Stock Down 1.1 %

Shares of WIT stock opened at $3.15 on Wednesday. Wipro Limited has a 1 year low of $2.55 and a 1 year high of $3.79. 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 business’s fifty day moving average is $3.52 and its 200-day moving average is $5.21. The stock has a market cap of $32.89 billion, a PE ratio of 21.69, a price-to-earnings-growth ratio of 3.08 and a beta of 0.94.

Wipro (NYSE:WIT) last released its earnings results on Friday, January 17th. The information technology services provider reported $0.04 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.04. Wipro had a return on equity of 15.46% 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.

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.