Wipro Limited (NYSE:WIT) Shares Purchased by Angeles Wealth Management LLC

Angeles Wealth Management LLC lifted its position in Wipro Limited (NYSE:WIT) by 81.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 21,798 shares of the information technology services provider’s stock after acquiring an additional 9,796 shares during the quarter. Angeles Wealth Management LLC’s holdings in Wipro were worth $77,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Glenmede Trust Co. NA grew its position in shares of Wipro by 4.9% in the 3rd quarter. Glenmede Trust Co. NA now owns 37,327 shares of the information technology services provider’s stock worth $242,000 after acquiring an additional 1,746 shares in the last quarter. BSW Wealth Partners grew its stake in Wipro by 2.8% during the 3rd quarter. BSW Wealth Partners now owns 88,446 shares of the information technology services provider’s stock worth $573,000 after buying an additional 2,418 shares during the last quarter. GAMMA Investing LLC grew its stake in Wipro by 37.8% during the 3rd quarter. GAMMA Investing LLC now owns 8,841 shares of the information technology services provider’s stock worth $57,000 after buying an additional 2,426 shares during the last quarter. 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. Finally, PDS Planning Inc grew its stake in Wipro by 3.7% during the 3rd 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 last quarter. Institutional investors and hedge funds own 2.36% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. HSBC upgraded Wipro from a “reduce” rating to a “hold” rating in a research note on Monday, December 9th. UBS Group upgraded Wipro from a “sell” rating to a “neutral” rating in a research note on Thursday, January 2nd. Finally, StockNews.com upgraded Wipro from a “hold” rating to a “buy” rating in a research note on Monday, January 20th. One analyst has rated the stock with a sell rating, two have given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Wipro has an average rating of “Moderate Buy”.

Wipro Trading Down 0.4 %

NYSE:WIT opened at $3.68 on Wednesday. Wipro Limited has a 1 year low of $2.55 and a 1 year high of $3.79. The stock has a market cap of $38.43 billion, a price-to-earnings ratio of 25.35, a PEG ratio of 3.13 and a beta of 0.91. The business has a fifty day moving average of $4.02 and a 200-day moving average of $5.59. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.83 and a current ratio of 2.83.

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

Wipro Company 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.