Wipro Limited (NYSE:WIT) Shares Purchased by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp raised its holdings in Wipro Limited (NYSE:WIT) by 76.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 48,408 shares of the information technology services provider’s stock after acquiring an additional 20,918 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in Wipro were worth $171,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of WIT. Perigon Wealth Management LLC purchased a new stake in shares of Wipro in the fourth quarter valued at approximately $61,000. Tobam purchased a new stake in Wipro in the 4th quarter valued at $261,000. Van ECK Associates Corp increased its stake in shares of Wipro by 89.8% in the 4th quarter. Van ECK Associates Corp now owns 348,859 shares of the information technology services provider’s stock worth $1,235,000 after acquiring an additional 165,076 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Wipro by 93.2% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 86,589 shares of the information technology services provider’s stock worth $307,000 after acquiring an additional 41,766 shares during the period. Finally, Bleakley Financial Group LLC boosted its position in shares of Wipro by 102.0% during the 4th quarter. Bleakley Financial Group LLC now owns 32,974 shares of the information technology services provider’s stock valued at $117,000 after acquiring an additional 16,651 shares during the last quarter. 2.36% of the stock is owned by hedge funds and other institutional investors.

Wipro Trading Up 1.6 %

Shares of WIT stock opened at $3.11 on Thursday. Wipro Limited has a 1-year low of $2.55 and a 1-year high of $3.79. The firm has a market cap of $32.52 billion, a PE ratio of 21.45, a price-to-earnings-growth ratio of 3.08 and a beta of 0.94. The company has a 50-day moving average of $3.39 and a two-hundred day moving average of $4.85. 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 (NYSE:WIT) last posted its quarterly earnings data on Friday, January 17th. The information technology services provider reported $0.04 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.04. Wipro had a net margin of 13.96% and a return on equity of 15.46%. On average, analysts predict that Wipro Limited will post 0.14 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. UBS Group upgraded shares of Wipro from a “sell” rating to a “neutral” rating in a research report on Thursday, January 2nd. StockNews.com upgraded shares of Wipro from a “hold” rating to a “buy” rating in a report on Monday, January 20th. Finally, HSBC upgraded Wipro from a “reduce” rating to a “hold” rating in a report on Monday, December 9th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

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.