First Affirmative Financial Network Purchases 16,536 Shares of Wipro Limited (NYSE:WIT)

First Affirmative Financial Network grew its position in shares of Wipro Limited (NYSE:WIT) by 104.4% during the 4th quarter, Holdings Channel.com reports. The firm owned 32,380 shares of the information technology services provider’s stock after acquiring an additional 16,536 shares during the period. First Affirmative Financial Network’s holdings in Wipro were worth $115,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. BOCHK Asset Management Ltd bought a new position in Wipro during the fourth quarter valued at approximately $42,000. Robeco Institutional Asset Management B.V. boosted its stake in shares of Wipro by 147.1% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 3,562,214 shares of the information technology services provider’s stock valued at $12,610,000 after purchasing an additional 2,120,454 shares in the last quarter. Foster Group Inc. grew its holdings in shares of Wipro by 107.6% during the 4th quarter. Foster Group Inc. now owns 58,354 shares of the information technology services provider’s stock valued at $207,000 after purchasing an additional 30,240 shares during the last quarter. Mayflower Financial Advisors LLC raised its position in Wipro by 103.3% in the 4th quarter. Mayflower Financial Advisors LLC now owns 23,820 shares of the information technology services provider’s stock worth $84,000 after purchasing an additional 12,106 shares during the period. Finally, BSW Wealth Partners lifted its stake in Wipro by 102.5% in the fourth quarter. BSW Wealth Partners now owns 179,083 shares of the information technology services provider’s stock worth $634,000 after purchasing an additional 90,637 shares during the last quarter. 2.36% of the stock is owned by hedge funds and other institutional investors.

Wipro Stock Down 0.1 %

Shares of NYSE:WIT opened at $3.68 on Friday. The stock’s 50-day moving average is $4.55 and its 200 day moving average is $5.74. The company has a market cap of $38.41 billion, a PE ratio of 25.35, a P/E/G ratio of 3.11 and a beta of 0.91. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.83 and a quick ratio of 2.83. Wipro Limited has a 1 year low of $2.55 and a 1 year high of $3.79.

Wipro (NYSE:WIT) last posted its earnings results on Friday, January 17th. The information technology services provider reported $0.04 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.04. Wipro had a return on equity of 15.46% and a net margin of 13.96%. Sell-side analysts anticipate that Wipro Limited will post 0.14 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on WIT shares. HSBC raised Wipro from a “reduce” rating to a “hold” rating in a research note on Monday, December 9th. Investec cut Wipro from a “hold” rating to a “sell” rating in a research note on Thursday, October 3rd. StockNews.com raised Wipro from a “hold” rating to a “buy” rating in a research note on Monday, January 20th. Finally, UBS Group raised shares of Wipro from a “sell” rating to a “neutral” rating in a research note on Thursday, January 2nd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy”.

Wipro Profile

Wipro Limited operates as an information technology (IT), consulting, and business process services company worldwide. It operates through IT Services and IT Products segments. 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.