Waverton Investment Management Ltd bought a new position in Infosys Ltd (NYSE:INFY) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 93,352 shares of the technology company’s stock, valued at approximately $1,020,000.
Several other institutional investors and hedge funds also recently modified their holdings of INFY. New York State Common Retirement Fund raised its holdings in Infosys by 6.9% in the 4th quarter. New York State Common Retirement Fund now owns 1,121,112 shares of the technology company’s stock worth $10,673,000 after purchasing an additional 72,495 shares during the period. Two Sigma Advisers LP raised its holdings in Infosys by 9.9% in the 4th quarter. Two Sigma Advisers LP now owns 708,400 shares of the technology company’s stock worth $6,744,000 after purchasing an additional 63,700 shares during the period. Verition Fund Management LLC acquired a new position in Infosys in the 3rd quarter worth about $656,000. CWM LLC raised its holdings in Infosys by 60,225.0% in the 4th quarter. CWM LLC now owns 120,650 shares of the technology company’s stock worth $1,149,000 after purchasing an additional 120,450 shares during the period. Finally, LPL Financial LLC raised its holdings in Infosys by 18.0% in the 4th quarter. LPL Financial LLC now owns 153,104 shares of the technology company’s stock worth $1,458,000 after purchasing an additional 23,342 shares during the period. Hedge funds and other institutional investors own 17.81% of the company’s stock.
A number of equities analysts have commented on the company. Morgan Stanley raised Infosys from an “equal weight” rating to an “overweight” rating in a report on Monday, January 14th. Susquehanna Bancshares raised Infosys from a “negative” rating to a “neutral” rating and increased their target price for the company from $7.50 to $11.00 in a report on Monday, January 14th. HSBC cut Infosys from a “buy” rating to a “hold” rating in a report on Tuesday, April 2nd. Citigroup raised Infosys from a “neutral” rating to a “buy” rating in a report on Friday, January 4th. Finally, Wells Fargo & Co set a $11.00 target price on Infosys and gave the company a “hold” rating in a report on Friday, January 11th. Two investment analysts have rated the stock with a sell rating and fifteen have issued a hold rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $11.26.
Infosys stock traded up $0.01 during mid-day trading on Thursday, hitting $10.42. The company’s stock had a trading volume of 33,501 shares, compared to its average volume of 9,386,603. The firm has a market capitalization of $45.24 billion, a price-to-earnings ratio of 19.31, a PEG ratio of 1.90 and a beta of 0.54. Infosys Ltd has a 1 year low of $8.40 and a 1 year high of $11.38.
Infosys (NYSE:INFY) last released its quarterly earnings results on Friday, April 12th. The technology company reported $0.13 EPS for the quarter, hitting the consensus estimate of $0.13. Infosys had a return on equity of 25.41% and a net margin of 18.62%. The business had revenue of $3.06 billion during the quarter, compared to analyst estimates of $3.04 billion. During the same period last year, the business posted $0.13 earnings per share. Equities research analysts predict that Infosys Ltd will post 0.56 earnings per share for the current fiscal year.
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Infosys Company Profile
Infosys Limited, together with its subsidiaries, provides consulting, technology, and outsourcing services in North America, Europe, India, and internationally. It provides business information technology services, including application development and maintenance, independent validation, infrastructure management, and business process management services, as well as engineering services, such as engineering and life cycle solutions; and consulting and systems integration services comprising consulting, enterprise solutions, systems integration, and advanced technologies.
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