Segall Bryant & Hamill LLC Increases Position in Wipro Limited (NYSE:WIT)

Segall Bryant & Hamill LLC boosted its position in Wipro Limited (NYSE:WIT) by 114.9% in the 4th quarter, Holdings Channel reports. The fund owned 202,200 shares of the information technology services provider’s stock after purchasing an additional 108,100 shares during the period. Segall Bryant & Hamill LLC’s holdings in Wipro were worth $716,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in shares of Wipro by 92.0% during the fourth quarter. Vanguard Group Inc. now owns 23,359,346 shares of the information technology services provider’s stock worth $82,692,000 after purchasing an additional 11,196,013 shares during the last quarter. State Street Corp lifted its position in 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 worth $70,157,000 after buying an additional 87,682 shares during the period. Fisher Asset Management LLC boosted its stake in Wipro by 97.9% in the 4th quarter. Fisher Asset Management LLC now owns 7,524,297 shares of the information technology services provider’s stock worth $26,636,000 after buying an additional 3,722,115 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its stake in Wipro by 208.6% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 4,969,385 shares of the information technology services provider’s stock worth $17,592,000 after buying an additional 3,359,066 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. grew its holdings in Wipro by 147.1% in the 4th 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 buying an additional 2,120,454 shares during the period. 2.36% of the stock is currently owned by institutional investors and hedge funds.

Wipro Stock Performance

Shares of NYSE:WIT opened at $3.04 on Friday. The business’s 50-day simple moving average is $3.41 and its 200 day simple moving average is $4.93. The company has a market cap of $31.74 billion, a P/E ratio of 20.93, a PEG ratio of 3.08 and a beta of 0.94. 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 Limited has a one year low of $2.55 and a one year high of $3.79.

Wipro (NYSE:WIT) last posted its earnings results on Friday, January 17th. The information technology services provider reported $0.04 EPS for the quarter, hitting analysts’ consensus estimates of $0.04. Wipro had a net margin of 13.96% and a return on equity of 15.46%. On average, sell-side analysts forecast that Wipro Limited will post 0.14 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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

Wipro 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.