Segantii Capital Management Ltd Has $34.24 Million Position in Wipro Limited (NYSE:WIT)

Segantii Capital Management Ltd increased its position in Wipro Limited (NYSE:WIT) by 3.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,996,749 shares of the information technology services provider’s stock after buying an additional 302,759 shares during the quarter. Wipro accounts for 3.0% of Segantii Capital Management Ltd’s portfolio, making the stock its 9th largest position. Segantii Capital Management Ltd owned about 0.13% of Wipro worth $34,239,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in WIT. Lindbrook Capital LLC lifted its position in Wipro by 50.1% in the 1st quarter. Lindbrook Capital LLC now owns 7,064 shares of the information technology services provider’s stock worth $28,000 after buying an additional 2,358 shares during the last quarter. Stevens Capital Management LP bought a new stake in Wipro in the 1st quarter worth approximately $56,000. Janney Montgomery Scott LLC lifted its position in Wipro by 33.3% in the 1st quarter. Janney Montgomery Scott LLC now owns 14,696 shares of the information technology services provider’s stock worth $58,000 after buying an additional 3,671 shares during the last quarter. Mercer Global Advisors Inc. ADV bought a new stake in Wipro in the 1st quarter worth approximately $60,000. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its position in Wipro by 52.3% in the 1st quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 15,239 shares of the information technology services provider’s stock worth $61,000 after buying an additional 5,234 shares during the last quarter. Institutional investors own 2.23% of the company’s stock.

WIT stock traded down $0.12 during midday trading on Friday, hitting $4.03. The company had a trading volume of 1,368,809 shares, compared to its average volume of 1,557,691. The company has a current ratio of 2.71, a quick ratio of 2.69 and a debt-to-equity ratio of 0.04. Wipro Limited has a 52 week low of $3.62 and a 52 week high of $4.63. The firm has a 50 day moving average price of $4.27. The company has a market capitalization of $24.55 billion, a PE ratio of 18.32, a price-to-earnings-growth ratio of 1.57 and a beta of 0.49.

Wipro (NYSE:WIT) last announced its quarterly earnings data on Wednesday, July 17th. The information technology services provider reported $0.06 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.06. Wipro had a return on equity of 16.57% and a net margin of 15.65%. The firm had revenue of $139.80 million during the quarter, compared to the consensus estimate of $147.23 billion. The business’s revenue was down 5.0% compared to the same quarter last year. Equities research analysts predict that Wipro Limited will post 0.24 EPS for the current year.

A number of analysts recently weighed in on WIT shares. Nomura downgraded Wipro from a “neutral” rating to a “reduce” rating in a research report on Thursday, April 18th. ValuEngine downgraded Wipro from a “hold” rating to a “sell” rating in a research report on Friday. Wedbush reiterated an “underperform” rating on shares of Wipro in a research report on Wednesday, July 17th. Macquarie downgraded Wipro from an “outperform” rating to a “neutral” rating in a research report on Tuesday, April 16th. Finally, Zacks Investment Research upgraded Wipro from a “sell” rating to a “hold” rating in a research report on Saturday, July 27th. Four equities research analysts have rated the stock with a sell rating and three have given a hold rating to the company’s stock. The company has a consensus rating of “Sell” and a consensus target price of $4.76.

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.

Further Reading: Total Return

Institutional Ownership by Quarter for Wipro (NYSE:WIT)

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