Wipro Limited (NYSE:WIT) Shares Sold by Signaturefd LLC

Signaturefd LLC reduced its position in Wipro Limited (NYSE:WIT) by 11.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 259,163 shares of the information technology services provider’s stock after selling 33,344 shares during the quarter. Signaturefd LLC’s holdings in Wipro were worth $1,444,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. BlackRock Inc. lifted its stake in shares of Wipro by 23.1% in the second quarter. BlackRock Inc. now owns 29,106,981 shares of the information technology services provider’s stock worth $137,385,000 after buying an additional 5,454,757 shares in the last quarter. Morgan Stanley lifted its stake in Wipro by 23.5% in the 4th quarter. Morgan Stanley now owns 13,757,038 shares of the information technology services provider’s stock worth $64,108,000 after purchasing an additional 2,621,127 shares in the last quarter. Acadian Asset Management LLC boosted its holdings in shares of Wipro by 50.1% during the 3rd quarter. Acadian Asset Management LLC now owns 6,786,259 shares of the information technology services provider’s stock worth $32,837,000 after purchasing an additional 2,265,859 shares during the last quarter. Goldman Sachs Group Inc. grew its position in shares of Wipro by 19.1% in the second quarter. Goldman Sachs Group Inc. now owns 12,301,682 shares of the information technology services provider’s stock valued at $58,064,000 after purchasing an additional 1,977,079 shares in the last quarter. Finally, Jane Street Group LLC acquired a new stake in shares of Wipro in the first quarter valued at approximately $10,052,000. Institutional investors and hedge funds own 2.36% of the company’s stock.

Wipro Stock Up 1.7 %

Shares of WIT opened at $5.25 on Monday. The company’s 50-day moving average price is $5.91 and its 200 day moving average price is $5.41. Wipro Limited has a 12-month low of $4.35 and a 12-month high of $6.45. The company has a current ratio of 2.29, a quick ratio of 2.28 and a debt-to-equity ratio of 0.09. The firm has a market cap of $27.39 billion, a P/E ratio of 21.00, a price-to-earnings-growth ratio of 2.08 and a beta of 0.87.

Analyst Ratings Changes

Several analysts have issued reports on WIT shares. Wedbush upped their target price on Wipro from $4.00 to $6.00 and gave the company an “underperform” rating in a report on Tuesday, January 16th. BNP Paribas assumed coverage on shares of Wipro in a research report on Wednesday, January 17th. They set an “underperform” rating and a $5.20 price objective for the company. TheStreet upgraded shares of Wipro from a “c+” rating to a “b-” rating in a report on Friday, January 12th. Finally, StockNews.com raised shares of Wipro from a “hold” rating to a “buy” rating in a research note on Tuesday, April 16th. Four research analysts have rated the stock with a sell rating and one has given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Reduce” and an average price target of $5.05.

Wipro Profile

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.