Wipro Limited (WIT) Shares Sold by Signaturefd LLC

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Signaturefd LLC decreased its stake in shares of Wipro Limited (NYSE:WIT) by 50.0% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 30,786 shares of the information technology services provider’s stock after selling 30,739 shares during the period. Signaturefd LLC’s holdings in Wipro were worth $147,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in WIT. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its holdings in shares of Wipro by 165.9% during the 2nd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 26,605 shares of the information technology services provider’s stock worth $127,000 after buying an additional 16,600 shares during the period. Jane Street Group LLC bought a new stake in shares of Wipro during the 1st quarter worth about $129,000. Royal Bank of Canada boosted its holdings in shares of Wipro by 7,144.0% during the 1st quarter. Royal Bank of Canada now owns 26,513 shares of the information technology services provider’s stock worth $137,000 after buying an additional 26,147 shares during the period. Cubist Systematic Strategies LLC bought a new stake in shares of Wipro during the 1st quarter worth about $146,000. Finally, Quantbot Technologies LP bought a new stake in shares of Wipro during the 1st quarter worth about $150,000. 2.37% of the stock is owned by institutional investors and hedge funds.

NYSE WIT opened at $5.33 on Friday. The company has a quick ratio of 2.51, a current ratio of 2.53 and a debt-to-equity ratio of 0.09. The stock has a market capitalization of $24.13 billion, a price-to-earnings ratio of 20.61, a price-to-earnings-growth ratio of 2.75 and a beta of 0.63. Wipro Limited has a 12-month low of $4.50 and a 12-month high of $5.99.

Wipro (NYSE:WIT) last posted its quarterly earnings data on Friday, July 20th. The information technology services provider reported $0.07 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.06 by $0.01. The firm had revenue of $2.04 billion during the quarter, compared to the consensus estimate of $2.10 billion. Wipro had a net margin of 14.66% and a return on equity of 15.89%. research analysts forecast that Wipro Limited will post 0.28 EPS for the current fiscal year.

WIT has been the subject of several research analyst reports. ValuEngine raised shares of Wipro from a “sell” rating to a “hold” rating in a report on Friday, August 17th. CLSA downgraded shares of Wipro from an “underperform” rating to a “sell” rating in a report on Tuesday, July 24th. Nomura raised shares of Wipro from a “reduce” rating to a “neutral” rating in a report on Tuesday, June 26th. TheStreet raised shares of Wipro from a “c+” rating to a “b-” rating in a report on Monday, August 6th. Finally, Credit Suisse Group raised shares of Wipro from a “neutral” rating to an “outperform” rating in a report on Thursday. Four analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. Wipro has a consensus rating of “Hold” and an average target price of $6.00.

About Wipro

Wipro Limited operates as an information technology (IT), consulting, and business process services (BPS) company worldwide. The company's IT Services segment offers a range of IT and IT-enabled services, including digital strategy advisory, customer centric design, technology consulting, IT consulting, custom application design, development, re-engineering and maintenance, systems integration, package implementation, infrastructure services, analytics services, BPS, research and development services, and hardware and software design services to various enterprises.

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Institutional Ownership by Quarter for Wipro (NYSE:WIT)

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