15,460 Shares in Wipro Limited (NYSE:WIT) Bought by Crestwood Advisors Group LLC

Crestwood Advisors Group LLC purchased a new position in shares of Wipro Limited (NYSE:WIT) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 15,460 shares of the information technology services provider’s stock, valued at approximately $55,000.

Several other hedge funds have also recently modified their holdings of the stock. Glenmede Trust Co. NA lifted its holdings in shares of Wipro by 4.9% during the third quarter. Glenmede Trust Co. NA now owns 37,327 shares of the information technology services provider’s stock worth $242,000 after purchasing an additional 1,746 shares during the period. BSW Wealth Partners raised its position in Wipro by 2.8% in the third quarter. BSW Wealth Partners now owns 88,446 shares of the information technology services provider’s stock worth $573,000 after acquiring an additional 2,418 shares in the last quarter. Franklin Resources Inc. raised its position in Wipro by 9.1% in the third quarter. Franklin Resources Inc. now owns 35,371 shares of the information technology services provider’s stock worth $233,000 after acquiring an additional 2,951 shares in the last quarter. PDS Planning Inc raised its position in Wipro by 3.7% in the third quarter. PDS Planning Inc now owns 92,352 shares of the information technology services provider’s stock worth $598,000 after acquiring an additional 3,302 shares in the last quarter. Finally, Cable Hill Partners LLC raised its position in Wipro by 7.6% in the third quarter. Cable Hill Partners LLC now owns 47,740 shares of the information technology services provider’s stock worth $309,000 after acquiring an additional 3,359 shares in the last quarter. 2.36% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have issued reports on WIT shares. StockNews.com upgraded Wipro from a “hold” rating to a “buy” rating in a research report on Monday, January 20th. UBS Group upgraded Wipro from a “sell” rating to a “neutral” rating in a research report on Thursday, January 2nd. Finally, HSBC upgraded 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 given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

Wipro Trading Up 0.3 %

Shares of WIT stock opened at $3.39 on Thursday. Wipro Limited has a fifty-two week low of $2.55 and a fifty-two week high of $3.79. The stock has a market cap of $35.45 billion, a P/E ratio of 23.38, a P/E/G ratio of 3.08 and a beta of 0.91. The business has a fifty day simple moving average of $3.58 and a 200-day simple moving average of $5.39. 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 (NYSE:WIT) last announced its quarterly earnings results on Friday, January 17th. The information technology services provider reported $0.04 earnings per share 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, analysts forecast that Wipro Limited will post 0.14 earnings per share for the current fiscal year.

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.