Robeco Institutional Asset Management B.V. Has $12.61 Million Stock Holdings in Wipro Limited (NYSE:WIT)

Robeco Institutional Asset Management B.V. grew its holdings in Wipro Limited (NYSE:WIT) by 147.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,562,214 shares of the information technology services provider’s stock after purchasing an additional 2,120,454 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Wipro were worth $12,610,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in WIT. Dimensional Fund Advisors LP lifted its stake in shares of Wipro by 38.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 774,867 shares of the information technology services provider’s stock valued at $4,727,000 after purchasing an additional 214,712 shares during the period. Renaissance Technologies LLC acquired a new position in shares of Wipro in the 2nd quarter valued at about $737,000. AQR Capital Management LLC lifted its stake in shares of Wipro by 12.9% in the 2nd quarter. AQR Capital Management LLC now owns 694,610 shares of the information technology services provider’s stock valued at $4,223,000 after purchasing an additional 79,431 shares during the period. Abacus Wealth Partners LLC bought a new stake in Wipro in the 3rd quarter valued at about $71,000. Finally, GAMMA Investing LLC increased its position in Wipro by 37.8% in the 3rd quarter. GAMMA Investing LLC now owns 8,841 shares of the information technology services provider’s stock valued at $57,000 after buying an additional 2,426 shares in the last quarter. 2.36% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently commented on WIT shares. UBS Group raised Wipro from a “sell” rating to a “neutral” rating in a research report on Thursday, January 2nd. StockNews.com raised Wipro from a “hold” rating to a “buy” rating in a research report on Monday, January 20th. Finally, HSBC raised Wipro from a “reduce” rating to a “hold” rating in a research report 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 given a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy”.

Wipro Stock Performance

Shares of WIT opened at $3.67 on Friday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.83 and a current ratio of 2.83. The stock has a 50 day moving average price of $4.49 and a two-hundred day moving average price of $5.73. The firm has a market capitalization of $38.30 billion, a P/E ratio of 25.28, a P/E/G ratio of 3.11 and a beta of 0.91. Wipro Limited has a 52 week low of $2.55 and a 52 week high of $3.79.

Wipro (NYSE:WIT) last issued its quarterly earnings data 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 return on equity of 15.46% and a net margin of 13.96%. Equities analysts forecast that Wipro Limited will post 0.14 earnings per share for the current fiscal year.

About Wipro

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.