Lindbrook Capital LLC Has $354,000 Stock Holdings in Wipro Limited (NYSE:WIT)

Lindbrook Capital LLC lifted its holdings in shares of Wipro Limited (NYSE:WIT) by 101.6% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 99,916 shares of the information technology services provider’s stock after buying an additional 50,363 shares during the period. Lindbrook Capital LLC’s holdings in Wipro were worth $354,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the business. Ridgewood Investments LLC grew its position in Wipro by 100.0% in the fourth quarter. Ridgewood Investments LLC now owns 7,114 shares of the information technology services provider’s stock valued at $25,000 after acquiring an additional 3,557 shares during the last quarter. Sierra Ocean LLC acquired a new stake in shares of Wipro in the 4th quarter valued at approximately $29,000. Beacon Financial Group bought a new stake in shares of Wipro during the 4th quarter valued at approximately $38,000. Leo Wealth LLC acquired a new position in Wipro during the 4th quarter worth approximately $40,000. Finally, Flputnam Investment Management Co. bought a new position in Wipro in the 4th quarter valued at approximately $40,000. 2.36% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

Wipro Trading Down 1.4 %

WIT opened at $3.28 on Friday. 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 Limited has a fifty-two week low of $2.55 and a fifty-two week high of $3.79. The company’s 50 day moving average price is $3.54 and its two-hundred day moving average price is $5.29. The firm has a market capitalization of $34.25 billion, a price-to-earnings ratio of 22.59, a PEG ratio of 3.08 and a beta of 0.91.

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

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.