PDS Planning Inc lifted its holdings in Wipro Limited (NYSE:WIT – Get Rating) by 89.6% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 30,211 shares of the information technology services provider's stock after purchasing an additional 14,276 shares during the quarter. PDS Planning Inc's holdings in Wipro were worth $142,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds also recently modified their holdings of the business. BlackRock Inc. grew its stake in shares of Wipro by 3.3% in the first quarter. BlackRock Inc. now owns 16,033,590 shares of the information technology services provider's stock worth $123,618,000 after purchasing an additional 509,102 shares in the last quarter. State Street Corp grew its stake in shares of Wipro by 1.3% in the first quarter. State Street Corp now owns 10,370,638 shares of the information technology services provider's stock worth $79,953,000 after purchasing an additional 134,870 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in shares of Wipro by 29.3% in the first quarter. Goldman Sachs Group Inc. now owns 8,657,490 shares of the information technology services provider's stock worth $66,749,000 after purchasing an additional 1,962,931 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of Wipro by 27.8% in the second quarter. JPMorgan Chase & Co. now owns 4,894,831 shares of the information technology services provider's stock worth $25,990,000 after purchasing an additional 1,064,771 shares in the last quarter. Finally, SG Americas Securities LLC lifted its holdings in shares of Wipro by 17.2% in the third quarter. SG Americas Securities LLC now owns 2,902,977 shares of the information technology services provider's stock valued at $13,673,000 after buying an additional 425,862 shares during the period. Institutional investors own 2.12% of the company's stock.
Get Wipro alerts:Analyst Ratings Changes
Several analysts have recently weighed in on WIT shares. Credit Suisse Group lowered Wipro from a "neutral" rating to an "underperform" rating in a report on Thursday, October 13th. StockNews.com started coverage on Wipro in a report on Wednesday, October 12th. They issued a "hold" rating for the company. Six research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, Wipro has a consensus rating of "Hold" and an average price target of $4.79.
Wipro Trading Up 2.1 %
Shares of NYSE WIT opened at $4.89 on Wednesday. Wipro Limited has a 12 month low of $4.38 and a 12 month high of $8.45. The company has a market cap of $26.77 billion, a price-to-earnings ratio of 18.81, a P/E/G ratio of 2.11 and a beta of 0.83. The company has a quick ratio of 2.01, a current ratio of 2.02 and a debt-to-equity ratio of 0.08. The business has a fifty day simple moving average of $4.80 and a 200-day simple moving average of $4.95.About Wipro
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Wipro Limited operates as an information technology (IT), consulting, and business process services company worldwide. It operates through three segments: IT Services, IT Products, and India State Run Enterprise Services (ISRE). 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.
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