Waldron Private Wealth LLC boosted its position in Wipro Limited (NYSE:WIT – Free Report) by 27.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 37,825 shares of the information technology services provider’s stock after buying an additional 8,215 shares during the quarter. Waldron Private Wealth LLC’s holdings in Wipro were worth $210,000 as of its most recent filing with the SEC.
Several other institutional investors have also recently bought and sold shares of WIT. 1832 Asset Management L.P. acquired a new stake in shares of Wipro in the first quarter valued at approximately $26,000. AlphaQ Advisors LLC bought a new stake in Wipro during the 3rd quarter worth about $48,000. Marks Group Wealth Management Inc acquired a new position in shares of Wipro during the 3rd quarter worth about $49,000. Enterprise Financial Services Corp bought a new position in shares of Wipro in the 4th quarter valued at about $49,000. Finally, First Affirmative Financial Network acquired a new stake in shares of Wipro in the third quarter valued at about $53,000. Institutional investors own 2.36% of the company’s stock.
Wipro Trading Down 1.0 %
Shares of WIT stock opened at $5.27 on Wednesday. The company has a market capitalization of $27.47 billion, a PE ratio of 21.06, a price-to-earnings-growth ratio of 2.15 and a beta of 0.87. The company has a quick ratio of 2.28, a current ratio of 2.29 and a debt-to-equity ratio of 0.09. Wipro Limited has a 12-month low of $4.32 and a 12-month high of $6.45. The firm has a 50 day moving average price of $5.95 and a two-hundred day moving average price of $5.40.
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About Wipro
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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