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The total value of these stakes at the end of Q1 is $130 million. There were 13 hedge funds that reported owning stakes in Wipro Limited (NYSE: WIT) at the end of the first quarter, up from 11 funds a quarter earlier.
On May 26, Bernstein upgraded Wipro Limited to Market Perform, with a price target of $6.2 per share. In March, the company announced its acquisition of a multinational management and tech consultancy firm Capco for $1.45 billion. (NASDAQ: CSCO), and Microsoft Corporation (NASDAQ: MSFT). Among the company’s partners are Adobe Inc. The company’s gross revenue in 2020 increased by 1.53.4% to $8.5 billion year-over-year. Shares of WIT are also up 12% in the last month. The stock has offered investors returns exceeding 163% over the past twelve months. The company has a market cap of $41 billion. Wipro Limited (NYSE: WIT) is one of the best cheap stocks to buy right now as the company pays an annualized dividend of $0.012 per share to shareholders. The company also develops innovative tech solutions in robotics, cognitive computing, analytics, cybersecurity, and cloud computing. Wipro Limited is one of the leading providers of IT consulting services in the world. The IT company was founded in 1945 and is headquartered in Bengaluru, India. Wipro Limited (NYSE: WIT) ranks 5th on the list of 15 best very cheap stocks to buy right now.
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