Wipro Limited (WIT) Holdings Raised by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. boosted its holdings in shares of Wipro Limited (NYSE:WIT) by 31.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 59,451 shares of the information technology services provider’s stock after acquiring an additional 14,101 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Wipro were worth $237,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. Segantii Capital Management Ltd grew its stake in shares of Wipro by 986.3% in the first quarter. Segantii Capital Management Ltd now owns 7,693,990 shares of the information technology services provider’s stock valued at $30,369,000 after buying an additional 6,985,704 shares in the last quarter. Fisher Asset Management LLC grew its stake in shares of Wipro by 16.1% in the fourth quarter. Fisher Asset Management LLC now owns 4,608,317 shares of the information technology services provider’s stock valued at $23,641,000 after buying an additional 637,536 shares in the last quarter. Deutsche Bank AG grew its stake in shares of Wipro by 29.3% in the fourth quarter. Deutsche Bank AG now owns 2,235,519 shares of the information technology services provider’s stock valued at $11,465,000 after buying an additional 506,893 shares in the last quarter. ClariVest Asset Management LLC grew its stake in shares of Wipro by 11.5% in the fourth quarter. ClariVest Asset Management LLC now owns 1,570,200 shares of the information technology services provider’s stock valued at $8,055,000 after buying an additional 161,400 shares in the last quarter. Finally, LMR Partners LLP acquired a new stake in shares of Wipro in the fourth quarter valued at $7,307,000. 1.80% of the stock is owned by institutional investors.

A number of equities research analysts have recently weighed in on WIT shares. Zacks Investment Research raised Wipro from a “hold” rating to a “buy” rating and set a $4.75 price objective for the company in a research note on Saturday, April 20th. Credit Suisse Group cut Wipro from an “outperform” rating to a “neutral” rating in a research note on Tuesday, January 22nd. Macquarie cut Wipro from an “outperform” rating to a “neutral” rating in a research note on Tuesday, April 16th. Nomura cut Wipro from a “neutral” rating to a “reduce” rating in a research note on Thursday, April 18th. Finally, Wedbush dropped their price objective on Wipro from $4.25 to $3.75 and set an “underperform” rating for the company in a research note on Thursday, March 21st. Five investment analysts have rated the stock with a sell rating and five have issued a hold rating to the stock. Wipro currently has a consensus rating of “Hold” and an average target price of $4.76.

NYSE:WIT opened at $4.47 on Monday. The firm has a market capitalization of $26.83 billion, a P/E ratio of 20.32, a P/E/G ratio of 1.55 and a beta of 0.54. Wipro Limited has a 12-month low of $3.38 and a 12-month high of $4.60. The company has a quick ratio of 2.77, a current ratio of 2.79 and a debt-to-equity ratio of 0.09.

Wipro (NYSE:WIT) last released its earnings results on Tuesday, April 16th. The information technology services provider reported $0.06 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.07 by ($0.01). The company had revenue of $150.06 billion during the quarter, compared to analysts’ expectations of $150.97 billion. Wipro had a net margin of 15.39% and a return on equity of 17.24%. The company’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same quarter last year, the business posted $9.08 earnings per share. Equities research analysts predict that Wipro Limited will post 0.25 earnings per share for the current year.

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Wipro Profile

Wipro Limited operates as an information technology (IT), consulting, and business process services (BPS) company worldwide. The company's IT Services segment offers a range of IT and IT-enabled services, including digital strategy advisory, customer centric design, technology consulting, IT consulting, custom application design, development, re-engineering and maintenance, systems integration, package implementation, infrastructure services, analytics services, BPS, research and development services, and hardware and software design services to various enterprises.

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Institutional Ownership by Quarter for Wipro (NYSE:WIT)

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