BNP Paribas Financial Markets Has $155.23 Million Stake in Infosys Limited (NYSE:INFY)

BNP Paribas Financial Markets raised its holdings in shares of Infosys Limited (NYSE:INFY - Free Report) by 16.6% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 7,081,860 shares of the technology company's stock after purchasing an additional 1,009,323 shares during the period. BNP Paribas Financial Markets owned 0.17% of Infosys worth $155,234,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in INFY. Sierra Ocean LLC bought a new stake in shares of Infosys during the 4th quarter valued at about $29,000. Brooklyn Investment Group purchased a new position in shares of Infosys in the fourth quarter worth $52,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Infosys in the third quarter worth about $57,000. Farther Finance Advisors LLC increased its position in Infosys by 69.7% in the fourth quarter. Farther Finance Advisors LLC now owns 3,115 shares of the technology company's stock worth $68,000 after purchasing an additional 1,279 shares during the last quarter. Finally, GAMMA Investing LLC lifted its holdings in shares of Infosys by 14.2% in the 4th quarter. GAMMA Investing LLC now owns 4,496 shares of the technology company's stock valued at $99,000 after acquiring an additional 560 shares during the last quarter. 16.20% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on INFY. Susquehanna upgraded Infosys from a "negative" rating to a "neutral" rating and set a $17.00 target price for the company in a research report on Monday, April 14th. BMO Capital Markets lowered their target price on shares of Infosys from $25.00 to $18.00 and set a "market perform" rating for the company in a report on Monday, April 21st. Stifel Nicolaus decreased their price objective on Infosys from $18.00 to $17.00 and set a "hold" rating for the company in a report on Monday, April 21st. CLSA raised Infosys from a "hold" rating to an "outperform" rating in a research note on Friday, March 7th. Finally, The Goldman Sachs Group cut shares of Infosys from a "buy" rating to a "neutral" rating and set a $17.90 price target for the company. in a report on Monday, April 21st. Seven research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $17.48.

Infosys Stock Down 0.1 %

Infosys stock traded down $0.01 during mid-day trading on Friday, hitting $17.48. 8,642,411 shares of the company's stock traded hands, compared to its average volume of 9,659,478. The firm has a 50 day moving average price of $17.85 and a 200 day moving average price of $20.59. The company has a market cap of $72.40 billion, a PE ratio of 22.13, a price-to-earnings-growth ratio of 3.50 and a beta of 0.98. Infosys Limited has a one year low of $15.82 and a one year high of $23.63.

Infosys (NYSE:INFY - Get Free Report) last released its quarterly earnings results on Thursday, April 17th. The technology company reported $0.20 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.19 by $0.01. The business had revenue of $4.79 billion for the quarter, compared to analyst estimates of $420.69 billion. Infosys had a net margin of 17.28% and a return on equity of 31.60%. During the same quarter in the previous year, the business earned $0.23 earnings per share. On average, analysts expect that Infosys Limited will post 0.74 earnings per share for the current fiscal year.

About Infosys

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.