Wipro Limited (NYSE:WIT) Shares Bought by Angeles Investment Advisors LLC

Angeles Investment Advisors LLC increased its holdings in Wipro Limited (NYSE:WIT) by 72.8% during the fourth quarter, Holdings Channel reports. The firm owned 94,615 shares of the information technology services provider’s stock after purchasing an additional 39,867 shares during the period. Angeles Investment Advisors LLC’s holdings in Wipro were worth $335,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Glenmede Trust Co. NA increased its holdings in shares of Wipro by 4.9% in the third quarter. Glenmede Trust Co. NA now owns 37,327 shares of the information technology services provider’s stock valued at $242,000 after buying an additional 1,746 shares in the last quarter. Franklin Resources Inc. grew its holdings in shares of Wipro by 9.1% in the 3rd quarter. Franklin Resources Inc. now owns 35,371 shares of the information technology services provider’s stock worth $233,000 after acquiring an additional 2,951 shares during the last quarter. Ridgewood Investments LLC raised its position in shares of Wipro by 100.0% during the fourth quarter. Ridgewood Investments LLC now owns 7,114 shares of the information technology services provider’s stock worth $25,000 after purchasing an additional 3,557 shares during the period. Bell Investment Advisors Inc lifted its holdings in shares of Wipro by 100.0% during the fourth quarter. Bell Investment Advisors Inc now owns 7,262 shares of the information technology services provider’s stock valued at $26,000 after purchasing an additional 3,631 shares during the last quarter. Finally, Farther Finance Advisors LLC boosted its position in shares of Wipro by 148.3% in the 4th quarter. Farther Finance Advisors LLC now owns 8,123 shares of the information technology services provider’s stock valued at $29,000 after purchasing an additional 4,851 shares during the period. 2.36% of the stock is owned by institutional investors and hedge funds.

Wipro Trading Up 1.5 %

NYSE:WIT opened at $3.05 on Monday. The stock has a market cap of $31.84 billion, a PE ratio of 21.00, a price-to-earnings-growth ratio of 3.08 and a beta of 0.94. Wipro Limited has a fifty-two week low of $2.55 and a fifty-two week high of $3.79. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.83 and a quick ratio of 2.83. The stock’s 50-day moving average is $3.44 and its two-hundred day moving average is $5.02.

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

Wall Street Analyst Weigh In

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

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.