AQR Capital Management LLC Purchases 6,693,127 Shares of Infosys Limited (NYSE:INFY)

AQR Capital Management LLC boosted its position in Infosys Limited (NYSE:INFY - Free Report) by 270.9% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 9,164,085 shares of the technology company's stock after purchasing an additional 6,693,127 shares during the quarter. AQR Capital Management LLC owned approximately 0.22% of Infosys worth $200,877,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. BHK Investment Advisors LLC grew its holdings in shares of Infosys by 2.3% during the fourth quarter. BHK Investment Advisors LLC now owns 22,785 shares of the technology company's stock worth $499,000 after purchasing an additional 507 shares during the last quarter. Outlook Wealth Advisors LLC grew its holdings in Infosys by 2.8% in the fourth quarter. Outlook Wealth Advisors LLC now owns 18,405 shares of the technology company's stock valued at $403,000 after purchasing an additional 508 shares during the last quarter. GAMMA Investing LLC increased its position in shares of Infosys by 14.2% in the fourth quarter. GAMMA Investing LLC now owns 4,496 shares of the technology company's stock valued at $99,000 after buying an additional 560 shares in the last quarter. Kovitz Investment Group Partners LLC boosted its stake in shares of Infosys by 5.9% during the fourth quarter. Kovitz Investment Group Partners LLC now owns 10,467 shares of the technology company's stock valued at $229,000 after acquiring an additional 579 shares during the last quarter. Finally, Flagship Harbor Advisors LLC boosted its stake in Infosys by 6.2% in the 4th quarter. Flagship Harbor Advisors LLC now owns 11,026 shares of the technology company's stock worth $242,000 after buying an additional 641 shares during the last quarter. Institutional investors and hedge funds own 16.20% of the company's stock.

Infosys Stock Performance

INFY stock opened at $17.34 on Tuesday. The stock has a market cap of $71.82 billion, a P/E ratio of 21.95, a P/E/G ratio of 3.50 and a beta of 0.97. The firm has a 50 day simple moving average of $18.33 and a 200 day simple moving average of $20.84. Infosys Limited has a 52 week low of $15.82 and a 52 week high of $23.63.

Infosys (NYSE:INFY - Get Free Report) last issued its quarterly earnings data on Thursday, April 17th. The technology company reported $0.20 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.19 by $0.01. The firm had revenue of $4.79 billion during the quarter, compared to analysts' expectations of $420.69 billion. Infosys had a net margin of 17.28% and a return on equity of 31.60%. During the same period in the prior year, the company posted $0.23 earnings per share. Sell-side analysts predict that Infosys Limited will post 0.74 EPS for the current year.

Analysts Set New Price Targets

Several research firms have recently weighed in on INFY. The Goldman Sachs Group lowered Infosys from a "buy" rating to a "neutral" rating and set a $17.90 price objective on the stock. in a research note on Monday, April 21st. CLSA raised shares of Infosys from a "hold" rating to an "outperform" rating in a report on Friday, March 7th. Guggenheim reaffirmed a "neutral" rating on shares of Infosys in a report on Friday, January 17th. Investec raised shares of Infosys from a "sell" rating to a "buy" rating in a research note on Friday, April 18th. Finally, BMO Capital Markets lowered their price objective on shares of Infosys from $25.00 to $18.00 and set a "market perform" rating on the stock in a research note on Monday, April 21st. Seven investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $17.48.

Infosys Company Profile

Infosys Ltd. is a digital services and consulting company, which engages in the provision of end-to-end business solutions. It operates through the following segments: Financial Services, Retail, Communication, Energy, Utilities, Resources, and Services, Manufacturing, Hi-Tech, Life Sciences, and All Other.

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