Dimensional Fund Advisors LP Has $144.74 Million Position in Infosys Limited (NYSE:INFY)

Dimensional Fund Advisors LP boosted its holdings in Infosys Limited (NYSE:INFY - Free Report) by 2.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 6,601,336 shares of the technology company's stock after buying an additional 148,011 shares during the quarter. Dimensional Fund Advisors LP owned 0.16% of Infosys worth $144,738,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of INFY. First Trust Advisors LP grew its holdings in shares of Infosys by 14.5% in the 4th quarter. First Trust Advisors LP now owns 32,410,108 shares of the technology company's stock worth $710,430,000 after acquiring an additional 4,108,903 shares during the last quarter. GeoWealth Management LLC increased its stake in Infosys by 370.8% in the 4th quarter. GeoWealth Management LLC now owns 8,267 shares of the technology company's stock worth $181,000 after purchasing an additional 6,511 shares in the last quarter. Marshall Wace LLP increased its stake in Infosys by 32.5% in the 4th quarter. Marshall Wace LLP now owns 242,180 shares of the technology company's stock worth $5,309,000 after purchasing an additional 59,411 shares in the last quarter. NewEdge Advisors LLC raised its holdings in Infosys by 1,288.1% during the 4th quarter. NewEdge Advisors LLC now owns 30,552 shares of the technology company's stock worth $670,000 after buying an additional 28,351 shares during the period. Finally, Jump Financial LLC lifted its stake in Infosys by 7.0% during the fourth quarter. Jump Financial LLC now owns 168,726 shares of the technology company's stock valued at $3,698,000 after buying an additional 11,057 shares in the last quarter. Institutional investors own 16.20% of the company's stock.

Infosys Trading Up 0.2 %

NYSE INFY traded up $0.04 on Wednesday, reaching $17.61. The stock had a trading volume of 7,083,335 shares, compared to its average volume of 9,623,195. Infosys Limited has a 1 year low of $15.82 and a 1 year high of $23.63. The business has a 50 day moving average price of $18.18 and a 200 day moving average price of $20.80. The company has a market capitalization of $72.94 billion, a price-to-earnings ratio of 22.29, a P/E/G ratio of 3.50 and a beta of 0.97.

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

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. The Goldman Sachs Group lowered shares of Infosys from a "buy" rating to a "neutral" rating and set a $17.90 price target on the stock. in a report on Monday, April 21st. Susquehanna raised shares of Infosys from a "negative" rating to a "neutral" rating and set a $17.00 target price on the stock in a research note on Monday, April 14th. CLSA upgraded Infosys from a "hold" rating to an "outperform" rating in a report on Friday, March 7th. Stifel Nicolaus lowered their price target on Infosys from $18.00 to $17.00 and set a "hold" rating on the stock in a report on Monday, April 21st. Finally, StockNews.com downgraded Infosys from a "buy" rating to a "hold" rating in a research note on Wednesday, April 23rd. Seven research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $17.48.

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.