Crestline Management LP purchased a new stake in shares of Infosys Ltd (NYSE:INFY) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 45,000 shares of the technology company’s stock, valued at approximately $730,000.
A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Generation Investment Management LLP lifted its position in Infosys by 145.4% during the 4th quarter. Generation Investment Management LLP now owns 18,036,922 shares of the technology company’s stock valued at $292,559,000 after acquiring an additional 10,685,465 shares during the period. BlackRock Inc. lifted its position in Infosys by 3.5% during the 4th quarter. BlackRock Inc. now owns 11,826,350 shares of the technology company’s stock valued at $191,823,000 after acquiring an additional 399,254 shares during the period. Russell Investments Group Ltd. lifted its position in Infosys by 54.2% during the 4th quarter. Russell Investments Group Ltd. now owns 10,646,583 shares of the technology company’s stock valued at $171,996,000 after acquiring an additional 3,740,199 shares during the period. Polaris Capital Management LLC lifted its position in Infosys by 11.4% during the 4th quarter. Polaris Capital Management LLC now owns 9,034,028 shares of the technology company’s stock valued at $146,532,000 after acquiring an additional 924,000 shares during the period. Finally, Mondrian Investment Partners LTD lifted its position in Infosys by 0.6% during the 4th quarter. Mondrian Investment Partners LTD now owns 8,845,502 shares of the technology company’s stock valued at $143,474,000 after acquiring an additional 52,987 shares during the period. 19.69% of the stock is owned by institutional investors.
Shares of INFY traded down $0.38 during mid-day trading on Friday, hitting $17.49. 5,692,002 shares of the company traded hands, compared to its average volume of 4,650,455. Infosys Ltd has a 1 year low of $13.88 and a 1 year high of $18.71. The stock has a market capitalization of $38,834.07, a price-to-earnings ratio of 18.61, a PEG ratio of 1.86 and a beta of 0.57.
Infosys (NYSE:INFY) last released its quarterly earnings data on Friday, January 12th. The technology company reported $0.25 earnings per share for the quarter, meeting the consensus estimate of $0.25. Infosys had a net margin of 22.97% and a return on equity of 21.31%. The firm had revenue of $2.76 billion during the quarter, compared to analysts’ expectations of $2.74 billion. During the same period in the previous year, the company earned $0.24 earnings per share. equities analysts predict that Infosys Ltd will post 1 earnings per share for the current year.
Several brokerages have issued reports on INFY. Berenberg Bank began coverage on shares of Infosys in a report on Friday. They issued a “sell” rating and a $14.00 target price for the company. Susquehanna Bancshares reaffirmed a “negative” rating on shares of Infosys in a report on Monday, February 5th. UBS cut shares of Infosys to a “neutral” rating in a report on Monday, February 5th. Goldman Sachs raised shares of Infosys from a “neutral” rating to a “buy” rating in a report on Monday, February 5th. Finally, ValuEngine raised shares of Infosys from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Four equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the stock. Infosys currently has an average rating of “Hold” and a consensus price target of $15.55.
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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.
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