320,000 Shares in Wipro Limited (NYSE:WIT) Acquired by Sava Infond d.o.o.

Sava Infond d.o.o. bought a new stake in shares of Wipro Limited (NYSE:WIT) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 320,000 shares of the information technology services provider’s stock, valued at approximately $1,133,000.

A number of other large investors have also recently added to or reduced their stakes in the business. Victory Capital Management Inc. boosted its stake in shares of Wipro by 36.2% during the 3rd quarter. Victory Capital Management Inc. now owns 206,106 shares of the information technology services provider’s stock worth $1,336,000 after acquiring an additional 54,791 shares in the last quarter. Natixis Advisors LLC boosted its position in shares of Wipro by 42.3% in the 3rd quarter. Natixis Advisors LLC now owns 160,905 shares of the information technology services provider’s stock valued at $1,043,000 after purchasing an additional 47,800 shares during the period. Citigroup Inc. boosted its position in shares of Wipro by 8.5% in the 3rd quarter. Citigroup Inc. now owns 842,893 shares of the information technology services provider’s stock valued at $5,462,000 after purchasing an additional 65,981 shares during the period. Cerity Partners LLC increased its stake in Wipro by 40.4% in the 3rd quarter. Cerity Partners LLC now owns 229,004 shares of the information technology services provider’s stock worth $1,484,000 after purchasing an additional 65,922 shares in the last quarter. Finally, Fisher Asset Management LLC raised its holdings in Wipro by 72.2% during the 3rd quarter. Fisher Asset Management LLC now owns 3,802,182 shares of the information technology services provider’s stock worth $24,638,000 after buying an additional 1,593,619 shares during the period. 2.36% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

Wipro Trading Down 1.1 %

Shares of NYSE:WIT opened at $3.11 on Thursday. The firm has a fifty day moving average of $3.42 and a two-hundred day moving average of $4.97. The company has a quick ratio of 2.83, a current ratio of 2.83 and a debt-to-equity ratio of 0.07. Wipro Limited has a 12-month low of $2.55 and a 12-month high of $3.79. The firm has a market capitalization of $32.47 billion, a P/E ratio of 21.42, a price-to-earnings-growth ratio of 3.08 and a beta of 0.94.

Wipro (NYSE:WIT) last issued its earnings results 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 return on equity of 15.46% and a net margin of 13.96%. On average, equities analysts expect that Wipro Limited will post 0.14 EPS for the current fiscal 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.