Wipro Limited $WIT Shares Purchased by Quadrant Capital Group LLC

Quadrant Capital Group LLC boosted its stake in shares of Wipro Limited (NYSE:WIT) by 60.8% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,221,439 shares of the information technology services provider’s stock after purchasing an additional 461,616 shares during the period. Quadrant Capital Group LLC’s holdings in Wipro were worth $3,689,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in WIT. Vest Financial LLC purchased a new position in shares of Wipro in the 2nd quarter worth $31,000. Hamilton Capital LLC acquired a new stake in Wipro during the first quarter worth about $32,000. Haven Private LLC purchased a new position in shares of Wipro in the 2nd quarter worth about $39,000. Rehmann Capital Advisory Group purchased a new position in shares of Wipro in the 2nd quarter worth about $40,000. Finally, Hoxton Planning & Management LLC acquired a new position in shares of Wipro in the 1st quarter valued at about $48,000. 2.36% of the stock is owned by hedge funds and other institutional investors.

Wipro Stock Performance

Shares of NYSE WIT opened at $2.68 on Friday. Wipro Limited has a 1 year low of $2.55 and a 1 year high of $3.79. The stock’s 50-day simple moving average is $2.67 and its 200-day simple moving average is $2.81. The firm has a market cap of $28.01 billion, a price-to-earnings ratio of 17.83, a PEG ratio of 16.16 and a beta of 1.02.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on WIT shares. Weiss Ratings reissued a “hold (c)” rating on shares of Wipro in a research report on Thursday, October 30th. CLSA lowered shares of Wipro from an “outperform” rating to a “hold” rating in a research report on Monday, October 20th. Five research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Wipro has a consensus rating of “Reduce”.

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.