Savant Capital LLC Invests $68,000 in Wipro Limited (NYSE:WIT)

Savant Capital LLC purchased a new stake in Wipro Limited (NYSE:WIT) in the fourth quarter, Holdings Channel.com reports. The firm purchased 19,100 shares of the information technology services provider’s stock, valued at approximately $68,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of WIT. Robeco Institutional Asset Management B.V. boosted its holdings in Wipro by 147.1% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 3,562,214 shares of the information technology services provider’s stock valued at $12,610,000 after purchasing an additional 2,120,454 shares during the last quarter. Fisher Asset Management LLC boosted its holdings in Wipro by 72.2% in the third quarter. Fisher Asset Management LLC now owns 3,802,182 shares of the information technology services provider’s stock valued at $24,638,000 after purchasing an additional 1,593,619 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in Wipro by 116.8% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,610,319 shares of the information technology services provider’s stock valued at $10,435,000 after purchasing an additional 867,516 shares during the last quarter. Ballentine Partners LLC boosted its holdings in Wipro by 112.5% in the fourth quarter. Ballentine Partners LLC now owns 504,493 shares of the information technology services provider’s stock valued at $1,786,000 after purchasing an additional 267,036 shares during the last quarter. Finally, Creative Planning boosted its holdings in Wipro by 24.6% in the third quarter. Creative Planning now owns 1,337,344 shares of the information technology services provider’s stock valued at $8,666,000 after purchasing an additional 263,925 shares during the last quarter. Hedge funds and other institutional investors own 2.36% of the company’s stock.

Analyst Ratings Changes

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

Wipro Trading Down 0.1 %

Shares of NYSE WIT opened at $3.68 on Thursday. The stock’s 50 day moving average price is $3.60 and its two-hundred day moving average price is $5.47. Wipro Limited has a 52-week low of $2.55 and a 52-week high of $3.79. The stock has a market capitalization of $38.43 billion, a P/E ratio of 25.35, a PEG ratio of 3.07 and a beta of 0.91. 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 data on Friday, January 17th. The information technology services provider reported $0.04 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.04. Wipro had a return on equity of 15.46% and a net margin of 13.96%. On average, analysts anticipate 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.