The price of Wipro Limited (NYSE:WIT) shares last traded on Wall Street rose 0.61% to $4.93.
WIT stock price is now 2.13% away from the 50-day moving average and -6.54% away from the 200-day moving average. The market capitalization of the company currently stands at $27.11B.
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On September 13, 2022, Goldman Upgraded its previous ‘Sell’ rating to ‘Buy’ on the stock keeping its target price maintained at $4.87, while ‘Citigroup’ rates the stock as ‘Sell’.
A total of 79.00% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in WIT stock. A new stake in Wipro Limited shares was purchased by CANADA PENSION PLAN INVESTMENT BOARD during the first quarter worth $5,995,000. OLD MISSION CAPITAL, LLC invested $3,185,000 in shares of WIT during the first quarter. In the first quarter, BOSTON PARTNERS acquired a new stake in Wipro Limited valued at approximately $1,401,000. BALYASNY ASSET MANAGEMENT LLC acquired a new stake in WIT for approximately $676,000. HRT FINANCIAL LP purchased a new stake in WIT valued at around $463,000 in the second quarter. In total, there are 276 active investors with 2.20% ownership of the company’s stock.
A candlestick chart of Wipro Limited (NYSE: WIT) showed a price of $4.9400 on Monday morning. During the past 12 months, Wipro Limited has had a low of $4.38 and a high of $8.07. As of last week, the company has a debt-to-equity ratio of 0.24, a current ratio of 2.20, and a quick ratio of 2.20. The fifty day moving average price for WIT is $4.8274 and a two-hundred day moving average price translates $5.2750 for the stock.
The latest earnings results from Wipro Limited (NYSE: WIT) was released for Sep, 2022. According to the Information Technology Services Company, earnings per share came in at $0.06, missing analysts’ expectations of $0.07 by -0.01. This compares to $0.07 EPS in the same period last year. The company reported revenue of $2.81 billion for the quarter, compared to $2.73 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 2.82 percent. For the current quarter, analysts expect WIT to generate $2.84B in revenue.
Investors who held shares on 01/25/2023 were paid a $0.0122476 dividend. On an annualized basis, this represents a $0.08 dividend and a 1.58% percent yield. There was an ex-dividend date of 01/24/2023 for this dividend.
Wipro Limited(WIT) Company Profile
Wipro Limited operates as information technology (IT), consulting, and business process services company worldwide. It operates through three segments: IT Services, IT Products, and India State Run Enterprise Services (ISRE). 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. It serves customers in various industry sectors, such as healthcare and medical devices, consumer goods and life sciences, retail, transportation and services, communications, media and information services, technology products and platforms, banking, financial services and insurance, manufacturing, hi-tech, energy, and utilities. The IT Products segment provides a range of third-party IT products comprising enterprise platforms, networking solutions, software and data storage products, contact center infrastructure, enterprise security, IT optimization technologies, video solutions, and end-user computing solutions. It serves enterprises in various industries primarily in the India market, which comprise the government, defense, IT and IT-enabled services, telecommunications, manufacturing, utilities, education, and financial services sectors. The ISRE segment offers IT services to entities and departments owned or controlled by the Government of India and/or various Indian State Governments. The company was incorporated in 1945 and is based in Bengaluru, India.
