WiproWIT
Market Cap: $34.3B
About: Wipro is a leading global IT services provider, with 175,000 employees. Based in Bengaluru, this India IT services firm leverages its offshore outsourcing model to derive over half of its revenue (57%) from North America. The company offers traditional IT services offerings: consulting, managed services, and cloud infrastructure services as well as business process outsourcing as a service.
Employees: 244,707
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
642% more call options, than puts
Call options by funds: $89K | Put options by funds: $12K
290% more capital invested
Capital invested by funds: $862M [Q1] → $3.36B (+$2.5B) [Q2]
38% more repeat investments, than reductions
Existing positions increased: 91 | Existing positions reduced: 66
0% more funds holding in top 10
Funds holding in top 10: 1 [Q1] → 1 (+0) [Q2]
3.16% less ownership
Funds ownership: 6.07% [Q1] → 2.9% (-3.16%) [Q2]
6% less funds holding
Funds holding: 225 [Q1] → 211 (-14) [Q2]
33% less first-time investments, than exits
New positions opened: 29 | Existing positions closed: 43
Research analyst outlook
We haven’t received any recent analyst ratings for WIT.