Wipro Limited (NYSE:WIT) Shares Bought by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. boosted its holdings in shares of Wipro Limited (NYSE:WITGet Rating) by 3.0% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 106,713 shares of the information technology services provider’s stock after purchasing an additional 3,080 shares during the period. Crossmark Global Holdings Inc.’s holdings in Wipro were worth $503,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. SG Americas Securities LLC lifted its position in Wipro by 17.2% during the third quarter. SG Americas Securities LLC now owns 2,902,977 shares of the information technology services provider’s stock valued at $13,673,000 after purchasing an additional 425,862 shares during the period. Comerica Bank increased its holdings in Wipro by 10.2% in the third quarter. Comerica Bank now owns 92,963 shares of the information technology services provider’s stock valued at $431,000 after buying an additional 8,596 shares in the last quarter. US Bancorp DE increased its holdings in Wipro by 77.8% in the third quarter. US Bancorp DE now owns 125,915 shares of the information technology services provider’s stock valued at $593,000 after buying an additional 55,088 shares in the last quarter. Gitterman Wealth Management LLC increased its holdings in Wipro by 14.3% in the third quarter. Gitterman Wealth Management LLC now owns 32,122 shares of the information technology services provider’s stock valued at $150,000 after buying an additional 4,017 shares in the last quarter. Finally, Assenagon Asset Management S.A. increased its holdings in Wipro by 60.0% in the third quarter. Assenagon Asset Management S.A. now owns 2,652,162 shares of the information technology services provider’s stock valued at $12,492,000 after buying an additional 994,940 shares in the last quarter. 2.12% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Credit Suisse Group cut shares of Wipro from a “neutral” rating to an “underperform” rating in a report on Thursday, October 13th. StockNews.com raised shares of Wipro from a “hold” rating to a “buy” rating in a report on Thursday. Six equities research analysts have rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, Wipro has an average rating of “Hold” and a consensus price target of $4.79.

Wipro Stock Down 0.4 %

WIT stock opened at $5.00 on Monday. The stock has a market capitalization of $27.37 billion, a P/E ratio of 19.23, a P/E/G ratio of 2.18 and a beta of 0.83. The firm has a 50-day simple moving average of $4.81 and a 200-day simple moving average of $4.94. The company has a quick ratio of 2.23, a current ratio of 2.24 and a debt-to-equity ratio of 0.08. Wipro Limited has a 52 week low of $4.38 and a 52 week high of $8.07.

Wipro Company Profile

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Wipro Limited operates as an information technology (IT), consulting, and business process services company worldwide. It operates through three segments: IT Services, IT Products, and India State Run Enterprise Services (ISRE). 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.

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Institutional Ownership by Quarter for Wipro (NYSE:WIT)

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