PDS Planning Inc Has $598,000 Holdings in Wipro Limited (NYSE:WIT)

PDS Planning Inc lifted its position in shares of Wipro Limited (NYSE:WIT) by 3.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 92,352 shares of the information technology services provider’s stock after purchasing an additional 3,302 shares during the period. PDS Planning Inc’s holdings in Wipro were worth $598,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. GAMMA Investing LLC increased its position in Wipro by 37.8% during the third quarter. GAMMA Investing LLC now owns 8,841 shares of the information technology services provider’s stock worth $57,000 after acquiring an additional 2,426 shares during the period. Mayflower Financial Advisors LLC acquired a new stake in shares of Wipro in the second quarter valued at approximately $64,000. Oppenheimer & Co. Inc. acquired a new stake in Wipro during the first quarter worth approximately $60,000. Abacus Wealth Partners LLC bought a new position in Wipro during the 3rd quarter worth $71,000. Finally, Werba Rubin Papier Wealth Management acquired a new position in Wipro in the 3rd quarter valued at $71,000. 2.36% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

WIT has been the topic of a number of recent analyst reports. Investec cut Wipro from a “hold” rating to a “sell” rating in a research report on Thursday, October 3rd. StockNews.com upgraded shares of Wipro from a “hold” rating to a “buy” rating in a research report on Tuesday, October 29th. Three research analysts have rated the stock with a sell rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Wipro has an average rating of “Hold” and a consensus target price of $5.60.

Wipro Stock Performance

Wipro stock opened at $6.43 on Tuesday. The company has a quick ratio of 2.69, a current ratio of 2.69 and a debt-to-equity ratio of 0.08. The stock has a market cap of $33.59 billion, a PE ratio of 23.81, a P/E/G ratio of 4.39 and a beta of 0.89. Wipro Limited has a 12-month low of $4.49 and a 12-month high of $7.01. The business’s 50-day moving average price is $6.45 and its two-hundred day moving average price is $6.03.

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.