Stevens Capital Management LP Acquires 32594 Shares of Wipro Limited (NYSE:WIT)

Millennium Management LLC lifted its stake in Wipro by 126.7% in the fourth quarter. Millennium Management LLC now owns 168,731 shares of the …

Wipro logoStevens Capital Management LP boosted its position in Wipro Limited (NYSE:WIT) by 233.7% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 46,541 shares of the information technology services provider’s stock after purchasing an additional 32,594 shares during the quarter. Stevens Capital Management LP’s holdings in Wipro were worth $202,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Bank of New York Mellon Corp increased its holdings in shares of Wipro by 125.7% during the fourth quarter. Bank of New York Mellon Corp now owns 27,798 shares of the information technology services provider’s stock valued at $143,000 after purchasing an additional 15,479 shares during the period. Millennium Management LLC lifted its stake in Wipro by 126.7% in the fourth quarter. Millennium Management LLC now owns 168,731 shares of the information technology services provider’s stock valued at $866,000 after buying an additional 94,308 shares in the last quarter. Mercer Global Advisors Inc. ADV acquired a new position in shares of Wipro in the first quarter valued at approximately $60,000. Financial Gravity Wealth Inc. acquired a new stake in shares of Wipro during the first quarter worth $67,000. Finally, Lindbrook Capital LLC boosted its stake in Wipro by 50.1% in the 1st quarter. Lindbrook Capital LLC now owns 7,064 shares of the information technology services provider’s stock worth $28,000 after purchasing an additional 2,358 shares during the period. Hedge funds and other institutional investors own 2.22% of the company’s stock.

WIT has been the subject of several research reports. Wedbush reaffirmed an “underperform” rating on shares of Wipro in a research note on Wednesday, July 17th. Zacks Investment Research reaffirmed a “sell” rating on shares of Wipro in a research report on Sunday. ValuEngine lowered shares of Wipro from a “hold” rating to a “sell” rating in a research note on Friday, August 2nd. Finally, TheStreet cut shares of Wipro from a “b” rating to a “c+” rating in a research report on Tuesday, September 3rd. Five investment analysts have rated the stock with a sell rating and two have issued a hold rating to the stock. The company has a consensus rating of “Sell” and a consensus price target of $4.76.

NYSE WIT traded down $0.10 on Wednesday, hitting $3.68. 1,455,440 shares of the company’s stock were exchanged, compared to its average volume of 1,410,436. The stock has a 50-day moving average of $3.88 and a 200-day moving average of $4.33. Wipro Limited has a 52 week low of $3.62 and a 52 week high of $4.63. The stock has a market cap of $22.78 billion, a price-to-earnings ratio of 16.73, a P/E/G ratio of 1.45 and a beta of 0.50. The company has a current ratio of 2.71, a quick ratio of 2.69 and a debt-to-equity ratio of 0.04.

Wipro (NYSE:WIT) last announced its earnings results on Wednesday, July 17th. The information technology services provider reported $0.06 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.06. The business had revenue of $139.80 million during the quarter, compared to the consensus estimate of $147.23 billion. Wipro had a net margin of 15.65% and a return on equity of 16.57%. The company’s quarterly revenue was down 5.0% compared to the same quarter last year. As a group, analysts predict that Wipro Limited will post 0.24 earnings per share for the current year.

Wipro Profile

Wipro Limited operates as an information technology (IT), consulting, and business process services (BPS) company worldwide. The company’s IT Services segment offers a range of IT and IT-enabled services, including digital strategy advisory, customer centric design, technology consulting, IT consulting, custom application design, development, re-engineering and maintenance, systems integration, package implementation, infrastructure services, analytics services, BPS, research and development services, and hardware and software design services to various enterprises.

See Also: What is the price-to-earnings growth (PEG) ratio?

Institutional Ownership by Quarter for Wipro (NYSE:WIT)

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Wipro leads IDC MarketScape: Worldwide Artificial Intelligence Services 2019

Worldwide Artificial Intelligence Services 2019 Vendor Assessment highlights Wipro’s strengths in providing high-touch customer service for its …

Wipro Limited, a leading global information technology announced that it has been placed as a leader in IDC MarketScape for worldwide AI services.

“This accolade is a recognition of our investments in developing our IPs such as Wipro HOLMES™ and Wipro’s Data Discovery Platform to offer insights-driven applied AI and automation solutions. This combined with our ability to leverage platforms and products from partners has created tremendous value for our customers.”

Worldwide Artificial Intelligence Services 2019 Vendor Assessment highlights Wipro’s strengths in providing high-touch customer service for its Artificial Intelligence (AI) service engagements with its next-generation tools and methodologies.

Wipro’s AI services act as a key enabler for its clients in building intelligent enterprises by helping them embed intelligence into their business processes and applications leveraging a broad range of Intellectual property (IP)-based platform offerings.

“Being a leader in AI services market is a testament to our consulting driven approach to enable organizations to transform into intelligent enterprises by leveraging our in-depth AI services. We help our customers in this transformation journey by leveraging a strong knowledge ecosystem to build scalable AI/ML capability coupled with innovative execution models such as crowdsourcing,” said Jayant Prabhu, Vice President and Global Head of Data, Analytics & AI at Wipro.

Wipro HOLMES™ represents Wipro’s integrated automation capabilities across infrastructure, applications and business process services, delivered through a comprehensive blend of tasks, processes, and cognitive technologies. These capabilities have been deployed for over 350 clients across industries.Get access to India’s fastest growing financial subscriptions service Moneycontrol Pro for as little as Rs 599 for first year. Use the code “GETPRO”. Moneycontrol Pro offers you all the information you need for wealth creation including actionable investment ideas, independent research and insights & analysis For more information, check out the Moneycontrol website or mobile app.

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Wipro recognised as Leader in Worldwide Artificial Intelligence Services 2019 Vendor Assessment

By IDC MarketScape. Wipro announced that it has been positioned as a Leader in IDC MarketScape: Worldwide Artificial Intelligence Services 2019 …

By IDC MarketScape

Wipro announced that it has been positionedas a Leader in IDC MarketScape: Worldwide Artificial Intelligence Services 2019 VendorAssessment.

The report highlights Wipro’s strengths in providing high-touch customer service for its ArtificialIntelligence (Al) service engagements with its next-generation tools and methodologies. Wipro’sAl services act as a key enabler for its clients in building intelligent enterprises by helping themembed intelligence into their business processes and applications leveraging a broad range ofIntellectual property (IP)-based platform offerings.

According to the report, industry buyers have advocated Wipro for its breadth and depth of IP andtools to deliver AI services and its ability to provide customer service (particularly onsite) andresolve problems or issues related to customer service. IDC rates Wipro highly in terms of itsstrategies around platforms and next-generation tools and methodologies and its breadth of AIservices offerings.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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SAP Application Services – Growing Popularity and Emerging Trends in the Market

Some of the key players profiled in the study are SAP, NTT Data, Infosys, Atos, Deloitte, Accenture, Capgemini, Wipro, Tata Consultancy Services …

A new business intelligence report released by HTF MI with title “Global SAP Application Services Market Size, Status and Forecast 2019-2025” is designed covering micro level of analysis by manufacturers and key business segments. The Global SAP Application Services Market survey analysis offers energetic visions to conclude and study market size, market hopes, and competitive surroundings. The research is derived through primary and secondary statistics sources and it comprises both qualitative and quantitative detailing. Some of the key players profiled in the study are SAP, NTT Data, Infosys, Atos, Deloitte, Accenture, Capgemini, Wipro, Tata Consultancy Services (TCS), IBM, Fujitsu, PwC, Cognizant, CGI, DXC Technology, EPAM, HCL Technologies, Tech Mahindra, LTI & YASH Technologies.

What’s keeping SAP, NTT Data, Infosys, Atos, Deloitte, Accenture, Capgemini, Wipro, Tata Consultancy Services (TCS), IBM, Fujitsu, PwC, Cognizant, CGI, DXC Technology, EPAM, HCL Technologies, Tech Mahindra, LTI & YASH Technologies Ahead in the Market? Benchmark yourself with the strategic moves and findings recently released by HTF MI

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Market Overview of Global SAP Application Services

If you are involved in the Global SAP Application Services industry or aim to be, then this study will provide you inclusive point of view. It’s vital you keep your market knowledge up to date segmented by Applications [BFSI, Manufacturing, Retail & CPG, Telecom & IT, Life Sciences & Healthcare & Others], Product Types [, Management Services, Implementation and Upgrades, Post-Implementation Services & SAP Hosting] and major players. If you have a different set of players/manufacturers according to geography or needs regional or country segmented reports we can provide customization according to your requirement.

This study mainly helps understand which market segments or Region or Country they should focus in coming years to channelize their efforts and investments to maximize growth and profitability. The report presents the market competitive landscape and a consistent in depth analysis of the major vendor/key players in the market.

Furthermore, the years considered for the study are as follows:

Historical year – 2013-2018

Base year – 2018

Forecast period** – 2019 to 2025 [** unless otherwise stated]

**Moreover, it will also include the opportunities available in micro markets for stakeholders to invest, detailed analysis of competitive landscape and product services of key players.

The titled segments and sub-section of the market are illuminated below:

The Study Explore the Product Types of SAP Application Services Market: , Management Services, Implementation and Upgrades, Post-Implementation Services & SAP Hosting

Key Applications/end-users of Global SAP Application ServicesMarket: BFSI, Manufacturing, Retail & CPG, Telecom & IT, Life Sciences & Healthcare & Others

Top Players in the Market are: SAP, NTT Data, Infosys, Atos, Deloitte, Accenture, Capgemini, Wipro, Tata Consultancy Services (TCS), IBM, Fujitsu, PwC, Cognizant, CGI, DXC Technology, EPAM, HCL Technologies, Tech Mahindra, LTI & YASH Technologies

Region Included are: United States, Europe, China, Japan, Southeast Asia, India & Central & South America

Enquire for customization in Report @: https://www.htfmarketreport.com/enquiry-before-buy/1917599-global-sap-application-services-market-1

Important Features that are under offering & key highlights of the report:

– Detailed overview of SAP Application Services market

– Changing market dynamics of the industry

– In-depth market segmentation by Type, Application etc

– Historical, current and projected market size in terms of volume and value

– Recent industry trends and developments

– Competitive landscape of SAP Application Services market

– Strategies of key players and product offerings

– Potential and niche segments/regions exhibiting promising growth

– A neutral perspective towards SAP Application Services market performance

– Market players information to sustain and enhance their footprint

Read Detailed Index of full Research Study at @ https://www.htfmarketreport.com/reports/1917599-global-sap-application-services-market-1

Major Highlights of TOC:

Chapter One: Global SAP Application Services Market Industry Overview

1.1 SAP Application Services Industry

1.1.1 Overview

1.1.2 Products of Major Companies

1.2 SAP Application Services Market Segment

1.2.1 Industry Chain

1.2.2 Consumer Distribution

1.3 Price & Cost Overview

Chapter Two: Global SAP Application Services Market Demand

2.1 Segment Overview

2.1.1 APPLICATION 1

2.1.2 APPLICATION 2

2.1.3 Other

2.2 Global SAP Application Services Market Size by Demand

2.3 Global SAP Application Services Market Forecast by Demand

Chapter Three: Global SAP Application Services Market by Type

3.1 By Type

3.1.1 TYPE 1

3.1.2 TYPE 2

3.2 SAP Application Services Market Size by Type

3.3 SAP Application Services Market Forecast by Type

Chapter Four: Major Region of SAP Application Services Market

4.1 Global SAP Application Services Sales

4.2 Global SAP Application Services Revenue & market share

Chapter Five: Major Companies List

Chapter Six: Conclusion

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Key questions answered

• Who are the Leading key players and what are their Key Business plans in the Global SAP Application Services market?

• What are the key concerns of the five forces analysis of the Global SAP Application Services market?

• What are different prospects and threats faced by the dealers in the Global SAP Application Services market?

• What are the strengths and weaknesses of the key vendors?

Thanks for reading this article; you can also get individual chapter wise section or region wise report version like North America, Europe or Asia.

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HTF Market Report is a wholly owned brand of HTF market Intelligence Consulting Private Limited. HTF Market Report global research and market intelligence consulting organization is uniquely positioned to not only identify growth opportunities but to also empower and inspire you to create visionary growth strategies for futures, enabled by our extraordinary depth and breadth of thought leadership, research, tools, events and experience that assist you for making goals into a reality. Our understanding of the interplay between industry convergence, Mega Trends, technologies and market trends provides our clients with new business models and expansion opportunities. We are focused on identifying the “Accurate Forecast” in every industry we cover so our clients can reap the benefits of being early market entrants and can accomplish their “Goals & Objectives”.



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Acadian Asset Management LLC Has $5.24 Million Stock Position in Wipro Limited (NYSE:WIT)

Acadian Asset Management LLC lifted its stake in Wipro Limited (NYSE:WIT) by 209.2% during the 2nd quarter, according to the company in its most …

Wipro logoAcadian Asset Management LLC lifted its stake in Wipro Limited (NYSE:WIT) by 209.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,210,058 shares of the information technology services provider’s stock after acquiring an additional 818,719 shares during the period. Acadian Asset Management LLC’s holdings in Wipro were worth $5,239,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in WIT. Ballentine Partners LLC bought a new position in Wipro in the second quarter worth $50,000. Stevens Capital Management LP bought a new position in Wipro in the first quarter worth $56,000. Janney Montgomery Scott LLC lifted its position in Wipro by 33.3% in the first quarter. Janney Montgomery Scott LLC now owns 14,696 shares of the information technology services provider’s stock worth $58,000 after purchasing an additional 3,671 shares during the period. Mercer Global Advisors Inc. ADV bought a new position in Wipro in the first quarter worth $60,000. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its position in Wipro by 52.3% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 15,239 shares of the information technology services provider’s stock worth $61,000 after purchasing an additional 5,234 shares during the period. Institutional investors and hedge funds own 2.17% of the company’s stock.

Wipro stock opened at $3.82 on Monday. The stock has a 50-day simple moving average of $3.98 and a 200 day simple moving average of $4.44. The company has a quick ratio of 2.69, a current ratio of 2.71 and a debt-to-equity ratio of 0.04. Wipro Limited has a 12-month low of $3.62 and a 12-month high of $4.63. The stock has a market capitalization of $22.39 billion, a price-to-earnings ratio of 17.36, a P/E/G ratio of 1.43 and a beta of 0.48.

Wipro (NYSE:WIT) last released its quarterly earnings results on Wednesday, July 17th. The information technology services provider reported $0.06 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.06. Wipro had a return on equity of 16.57% and a net margin of 15.65%. The business had revenue of $139.80 million during the quarter, compared to analysts’ expectations of $147.23 billion. The firm’s quarterly revenue was down 5.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that Wipro Limited will post 0.24 EPS for the current year.

A number of research analysts have issued reports on WIT shares. Wedbush reissued an “underperform” rating on shares of Wipro in a report on Wednesday, July 17th. Zacks Investment Research cut Wipro from a “hold” rating to a “sell” rating in a report on Friday. Finally, ValuEngine cut Wipro from a “hold” rating to a “sell” rating in a report on Friday, August 2nd. Five analysts have rated the stock with a sell rating and two have given a hold rating to the company’s stock. The company has a consensus rating of “Sell” and a consensus price target of $4.76.

Wipro Profile

Wipro Limited operates as an information technology (IT), consulting, and business process services (BPS) company worldwide. The company’s IT Services segment offers a range of IT and IT-enabled services, including digital strategy advisory, customer centric design, technology consulting, IT consulting, custom application design, development, re-engineering and maintenance, systems integration, package implementation, infrastructure services, analytics services, BPS, research and development services, and hardware and software design services to various enterprises.

Further Reading: Limitations of the P/E Growth ratio

Institutional Ownership by Quarter for Wipro (NYSE:WIT)

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