Wipro (NYSE:WIT) announced its quarterly earnings data on Friday. The information technology services provider reported $0.06 EPS for the quarter, hitting the consensus estimate of $0.06, Morningstar.com reports. Wipro had a net margin of 15.77% and a return on equity of 16.14%.

Wipro (NYSE WIT) traded down $0.16 during midday trading on Friday, hitting $5.61. 1,231,126 shares of the stock traded hands, compared to its average volume of 1,163,300. Wipro has a one year low of $4.50 and a one year high of $6.40. The company has a current ratio of 2.53, a quick ratio of 2.52 and a debt-to-equity ratio of 0.06. The company has a market capitalization of $28,587.38, a price-to-earnings ratio of 20.40, a P/E/G ratio of 2.77 and a beta of 0.74.

Separately, Zacks Investment Research lowered shares of Wipro from a “hold” rating to a “sell” rating in a research report on Saturday, January 13th. Four analysts have rated the stock with a sell rating, one has given a hold rating and one has given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $141.50.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Legal & General Group Plc grew its stake in Wipro by 100.0% during the second quarter. Legal & General Group Plc now owns 22,720 shares of the information technology services provider’s stock valued at $118,000 after acquiring an additional 11,360 shares in the last quarter. Nationwide Fund Advisors grew its stake in Wipro by 100.0% during the second quarter. Nationwide Fund Advisors now owns 26,596 shares of the information technology services provider’s stock valued at $138,000 after acquiring an additional 13,298 shares in the last quarter. QS Investors LLC grew its stake in Wipro by 100.0% during the second quarter. QS Investors LLC now owns 31,554 shares of the information technology services provider’s stock valued at $164,000 after acquiring an additional 15,777 shares in the last quarter. Citigroup Inc. grew its stake in Wipro by 104.9% during the second quarter. Citigroup Inc. now owns 31,223 shares of the information technology services provider’s stock valued at $162,000 after acquiring an additional 15,988 shares in the last quarter. Finally, Bluestein R H & Co. grew its stake in Wipro by 100.0% during the second quarter. Bluestein R H & Co. now owns 40,000 shares of the information technology services provider’s stock valued at $208,000 after acquiring an additional 20,000 shares in the last quarter. 2.36% of the stock is currently owned by institutional investors.

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Wipro Company Profile

Wipro Limited (Wipro) is a global information technology (IT) services provider. It 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 digital strategy advisory, customer centric design, technology consulting, IT consulting, custom application design, development, re-engineering and maintenance, systems integration, package implementation, global infrastructure services, analytics services, business process services, research and development and hardware and software design.

Earnings History for Wipro (NYSE:WIT)

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