Greenleaf Trust Boosts Holdings in Wipro Limited (NYSE:WIT)

Greenleaf Trust lifted its stake in shares of Wipro Limited (NYSE:WIT) by 156.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 90,666 shares of the information technology services provider’s stock after buying an additional 55,291 shares during the quarter. Greenleaf Trust’s holdings in Wipro were worth $588,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Wellington Management Group LLP grew its holdings in shares of Wipro by 44.0% during the 4th quarter. Wellington Management Group LLP now owns 1,866,359 shares of the information technology services provider’s stock worth $10,396,000 after acquiring an additional 570,001 shares during the period. Jane Street Group LLC grew its stake in Wipro by 292.0% in the first quarter. Jane Street Group LLC now owns 1,344,674 shares of the information technology services provider’s stock worth $7,732,000 after purchasing an additional 1,001,644 shares during the period. O Shaughnessy Asset Management LLC raised its holdings in Wipro by 165.0% in the first quarter. O Shaughnessy Asset Management LLC now owns 277,964 shares of the information technology services provider’s stock worth $1,598,000 after purchasing an additional 173,072 shares in the last quarter. Frank Rimerman Advisors LLC purchased a new position in Wipro during the second quarter valued at $531,000. Finally, BNP Paribas Financial Markets boosted its holdings in shares of Wipro by 65.5% during the 1st quarter. BNP Paribas Financial Markets now owns 6,160,285 shares of the information technology services provider’s stock valued at $35,422,000 after buying an additional 2,437,802 shares in the last quarter. 2.36% of the stock is owned by institutional investors.

Wipro Trading Down 0.5 %

Shares of NYSE WIT opened at $6.56 on Friday. The company has a market cap of $34.27 billion, a PE ratio of 24.30, a P/E/G ratio of 4.45 and a beta of 0.90. The company has a debt-to-equity ratio of 0.08, a quick ratio of 2.70 and a current ratio of 2.70. The firm’s 50 day moving average price is $6.39 and its 200-day moving average price is $5.97. Wipro Limited has a 52-week low of $4.48 and a 52-week high of $7.01.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on WIT shares. Nomura began coverage on shares of Wipro in a research note on Tuesday, July 2nd. They issued a “buy” rating for the company. StockNews.com lowered shares of Wipro from a “buy” rating to a “hold” rating in a report on Monday, October 21st. Investec downgraded Wipro from a “hold” rating to a “sell” rating in a research note on Thursday, October 3rd. Finally, Nomura Securities upgraded Wipro to a “strong-buy” rating in a research note on Tuesday, July 2nd. Three research analysts have rated the stock with a sell rating, one has issued a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $5.60.

About Wipro

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.