Trexquant Investment LP Invests $333,000 in Infosys Limited (INFY)

Trexquant Investment LP bought a new position in shares of Infosys Limited (NYSE:INFY) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 22,834 shares of the technology company’s stock, valued at approximately $333,000.

Several other institutional investors have also modified their holdings of the stock. Tower Research Capital LLC TRC increased its holdings in Infosys by 198.2% in the second quarter. Tower Research Capital LLC TRC now owns 7,967 shares of the technology company’s stock valued at $120,000 after buying an additional 5,295 shares in the last quarter. Equity Investment Corp Acquisition Inc purchased a new position in Infosys in the second quarter valued at $151,000. Foster & Motley Inc. purchased a new position in Infosys in the third quarter valued at $166,000. Rational Advisors LLC purchased a new position in Infosys in the second quarter valued at $183,000. Finally, Northwestern Mutual Wealth Management Co. increased its holdings in Infosys by 4.7% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 13,365 shares of the technology company’s stock valued at $201,000 after buying an additional 605 shares in the last quarter. 18.95% of the stock is owned by hedge funds and other institutional investors.

INFY has been the topic of several research analyst reports. BidaskClub lowered shares of Infosys from a “sell” rating to a “strong sell” rating in a research report on Saturday, November 4th. Zacks Investment Research lowered shares of Infosys from a “buy” rating to a “hold” rating in a research report on Thursday, October 5th. Deutsche Bank upgraded shares of Infosys from a “hold” rating to a “buy” rating in a research report on Monday, August 28th. Robert W. Baird reiterated a “hold” rating and issued a $16.00 target price on shares of Infosys in a research report on Sunday, September 3rd. Finally, Stifel Nicolaus reiterated a “hold” rating on shares of Infosys in a research report on Thursday, October 26th. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $15.34.

Infosys Limited (NYSE:INFY) traded up $0.40 on Tuesday, reaching $15.46. 7,042,900 shares of the company were exchanged, compared to its average volume of 6,351,154. The firm has a market capitalization of $34,422.32, a price-to-earnings ratio of 15.53, a PEG ratio of 1.64 and a beta of 0.69. Infosys Limited has a 52-week low of $13.42 and a 52-week high of $16.15.

Infosys (NYSE:INFY) last posted its quarterly earnings results on Tuesday, October 24th. The technology company reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.01. The firm had revenue of $2.73 billion for the quarter, compared to analyst estimates of $2.78 billion. Infosys had a net margin of 21.04% and a return on equity of 21.05%. During the same period in the previous year, the business posted $0.24 earnings per share. analysts forecast that Infosys Limited will post 0.98 EPS for the current fiscal year.

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About Infosys

Infosys Limited is engaged in consulting, technology, outsourcing and next-generation services. The Company, along with its subsidiaries, provides business information technology services comprising application development and maintenance, independent validation, infrastructure management, engineering services comprising product engineering and life cycle solutions and business process management; consulting and systems integration services comprising consulting, enterprise solutions, systems integration and advanced technologies; products, business platforms and solutions to accelerate intellectual property-led innovation, including Finacle, its banking solution, and offerings in the areas of Analytics, Cloud and Digital Transformation.

Institutional Ownership by Quarter for Infosys (NYSE:INFY)

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