Sepio Capital LP Makes New $124,000 Investment in Wipro Limited (NYSE:WIT)

Sepio Capital LP purchased a new stake in shares of Wipro Limited (NYSE:WIT) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 22,265 shares of the information technology services provider’s stock, valued at approximately $124,000.

Several other institutional investors have also recently made changes to their positions in the business. Intelligence Driven Advisers LLC purchased a new stake in Wipro during the fourth quarter valued at approximately $61,000. Dorsey & Whitney Trust CO LLC purchased a new position in Wipro during the third quarter valued at $56,000. Essex Savings Bank bought a new stake in Wipro during the fourth quarter valued at about $67,000. Prime Capital Investment Advisors LLC purchased a new stake in Wipro in the fourth quarter worth about $72,000. Finally, Penobscot Investment Management Company Inc. bought a new position in shares of Wipro in the third quarter worth about $71,000. Institutional investors own 2.36% of the company’s stock.

Wipro Price Performance

Shares of NYSE WIT traded down $0.01 during midday trading on Friday, reaching $5.45. 2,740,594 shares of the stock traded hands, compared to its average volume of 2,541,104. The company’s 50 day moving average is $5.53 and its 200 day moving average is $5.53. Wipro Limited has a one year low of $4.48 and a one year high of $6.45. The stock has a market capitalization of $28.44 billion, a PE ratio of 21.80, a P/E/G ratio of 3.75 and a beta of 0.86. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.58 and a quick ratio of 2.28.

Wipro (NYSE:WIT) last issued its quarterly earnings data on Friday, April 19th. The information technology services provider reported $0.07 EPS for the quarter, hitting analysts’ consensus estimates of $0.07. The business had revenue of $2.67 billion during the quarter, compared to analysts’ expectations of $2.65 billion. Wipro had a net margin of 12.29% and a return on equity of 15.60%. On average, equities research analysts anticipate that Wipro Limited will post 0.27 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Wipro from a “hold” rating to a “buy” rating in a research report on Friday. Three analysts have rated the stock with a sell rating and one has assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $5.30.

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.