Wipro LTD (WIT) Shareholder Lmr Partners Llp Has Raised Its Holding by $10.13 Million as Valuation Declined

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Lmr Partners Llp increased its stake in Wipro Ltd (WIT) by 79.16% based on its latest 2019Q2 regulatory filing with the SEC. Lmr Partners Llp bought 2.53M shares as the company’s stock declined 10.11% . The institutional investor held 5.73 million shares of the edp services company at the end of 2019Q2, valued at $24.81M, up from 3.20 million at the end of the previous reported quarter. Lmr Partners Llp who had been investing in Wipro Ltd for a number of months, seems to be bullish on the $20.70 billion market cap company. The stock increased 0.81% or $0.03 during the last trading session, reaching $3.72. About 567,625 shares traded. Wipro Limited (NYSE:WIT) has risen 7.77% since September 13, 2018 and is uptrending. It has outperformed by 7.77% the S&P500.

Lmr Partners Llp, which manages about $2.74B US Long portfolio, decreased its stake in Walt Disney Co/The (NYSE:DIS) by 146,268 shares to 5,534 shares, valued at $773,000 in 2019Q2, according to the filing. It also reduced its holding in Pacific Biosciences Of Califor (NASDAQ:PACB) by 833,722 shares in the quarter, leaving it with 1.15 million shares, and cut its stake in Tsmc (NYSE:TSM).

More notable recent Wipro Limited (NYSE:WIT) news were published by: Finance.Yahoo.com which released: “If You Had Bought Eversource Energy (NYSE:ES) Shares Five Years Ago You’d Have Made 83% – Yahoo Finance” on September 13, 2019, also Prnewswire.com with their article: “Research from Ensono and Wipro Finds 50% of Businesses Are Looking to Expand Mainframe Capabilities in AI, Blockchain and More – PRNewswire” published on September 12, 2019, Finance.Yahoo.com published: “Wipro Limited Appoints Rishad Premji as Executive Chairman – Yahoo Finance” on June 06, 2019. More interesting news about Wipro Limited (NYSE:WIT) were released by: Finance.Yahoo.com and their article: “Wipro Launches Pivotal Software Center of Excellence in Dallas, Texas – Yahoo Finance” published on June 20, 2019 as well as Seekingalpha.com‘s news article titled: “Wipro Limited 2018 Q4 – Results – Earnings Call Slides – Seeking Alpha” with publication date: April 16, 2019.

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