Greenleaf Trust Buys 90,666 Shares of Wipro Limited (NYSE:WIT)

Greenleaf Trust lifted its position in Wipro Limited (NYSE:WIT) by 100.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 181,332 shares of the information technology services provider’s stock after purchasing an additional 90,666 shares during the quarter. Greenleaf Trust’s holdings in Wipro were worth $642,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. SYM FINANCIAL Corp increased its stake in Wipro by 118.5% in the 4th quarter. SYM FINANCIAL Corp now owns 31,414 shares of the information technology services provider’s stock worth $111,000 after acquiring an additional 17,036 shares during the last quarter. Waldron Private Wealth LLC increased its position in Wipro by 99.3% in the fourth quarter. Waldron Private Wealth LLC now owns 98,840 shares of the information technology services provider’s stock worth $350,000 after purchasing an additional 49,237 shares during the last quarter. Caprock Group LLC raised its stake in Wipro by 89.7% during the fourth quarter. Caprock Group LLC now owns 304,396 shares of the information technology services provider’s stock valued at $1,078,000 after purchasing an additional 143,926 shares in the last quarter. First Affirmative Financial Network lifted its position in Wipro by 104.4% during the fourth quarter. First Affirmative Financial Network now owns 32,380 shares of the information technology services provider’s stock valued at $115,000 after purchasing an additional 16,536 shares during the last quarter. Finally, BOCHK Asset Management Ltd bought a new stake in shares of Wipro in the 4th quarter worth about $42,000. 2.36% of the stock is currently owned by hedge funds and other institutional investors.

Wipro Stock Up 0.7 %

Shares of NYSE WIT opened at $3.71 on Wednesday. Wipro Limited has a 1 year low of $2.55 and a 1 year high of $3.79. The firm has a 50-day simple moving average of $4.36 and a two-hundred day simple moving average of $5.67. The company has a market cap of $38.74 billion, a P/E ratio of 25.55, a PEG ratio of 3.10 and a beta of 0.91. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.83 and a quick ratio of 2.83.

Wipro (NYSE:WIT) last issued its quarterly earnings results on Friday, January 17th. The information technology services provider reported $0.04 earnings per share (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%. Research analysts anticipate that Wipro Limited will post 0.14 earnings per share for the current year.

Wall Street Analyst Weigh In

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