Wipro Limited (NYSE:WIT) shares saw unusually-high trading volume on Tuesday . Approximately 457,190 shares traded hands during trading, a decline of 1% from the previous session’s volume of 460,273 shares.The stock last traded at $11.35 and had previously closed at $11.85.

WIT has been the subject of a number of analyst reports. Zacks Investment Research raised Wipro Limited from a “hold” rating to a “buy” rating and set a $14.00 price objective for the company in a research note on Saturday, April 2nd. Credit Suisse Group AG cut Wipro Limited from an “outperform” rating to a “neutral” rating in a research note on Wednesday, April 20th. Finally, Citigroup Inc. cut Wipro Limited from a “neutral” rating to a “sell” rating in a research note on Thursday, April 21st. Three equities research analysts have rated the stock with a sell rating and two have issued a hold rating to the stock. Wipro Limited presently has a consensus rating of “Sell” and a consensus price target of $12.50.

The firm has a 50-day moving average of $12.14 and a 200-day moving average of $11.94. The firm has a market cap of $27.11 billion and a PE ratio of 20.48.

Wipro Limited (NYSE:WIT) last released its earnings results on Tuesday, July 19th. The company reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.14 by $0.02. The business earned $2 billion during the quarter, compared to analysts’ expectations of $2.02 billion. Equities research analysts predict that Wipro Limited will post $0.57 EPS for the current year.

The business also recently disclosed a dividend, which was paid on Monday, July 11th. Investors of record on Monday, July 11th were issued a $0.015 dividend. The ex-dividend date was Thursday, July 7th.

A number of hedge funds recently bought and sold shares of WIT. Russell Frank Co increased its stake in Wipro Limited by 7.9% in the fourth quarter. Russell Frank Co now owns 239,457 shares of the company’s stock worth $2,788,000 after buying an additional 17,500 shares during the last quarter. Sei Investments Co. increased its stake in Wipro Limited by 12.7% in the fourth quarter. Sei Investments Co. now owns 400,024 shares of the company’s stock worth $4,616,000 after buying an additional 45,199 shares during the last quarter. Comerica Bank increased its stake in Wipro Limited by 4.7% in the fourth quarter. Comerica Bank now owns 132,668 shares of the company’s stock worth $1,481,000 after buying an additional 5,998 shares during the last quarter. GAM Holding AG increased its stake in Wipro Limited by 46.3% in the fourth quarter. GAM Holding AG now owns 434,292 shares of the company’s stock worth $5,012,000 after buying an additional 137,392 shares during the last quarter. Finally, Baillie Gifford & Co. increased its stake in Wipro Limited by 13.6% in the fourth quarter. Baillie Gifford & Co. now owns 617,900 shares of the company’s stock worth $7,131,000 after buying an additional 74,200 shares during the last quarter.

Wipro Limited (Wipro) is a global information technology (IT) services provider. The Company operates through two segments: IT Services and IT Products. The Company’s IT Services business provides a range of IT and IT-enabled services, which include IT consulting, custom application design, development, re-engineering and maintenance, systems integration, package implementation, global infrastructure services, business process services, research and development and hardware and software design to the enterprises worldwide.

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