1,063,858 Shares in Infosys Ltd. $INFY Acquired by Nykredit A S

Key Points

• Nykredit A S acquired 1,063,858 Infosys shares in the second quarter, valued at approximately $11.16 million. Institutional investors collectively own 16.20% of the company.
• Infosys shares opened at $11.66, near their 50-day moving average, after the company reported quarterly EPS of $0.20 and revenue of $4.99 billion—both below analyst expectations.
• Analysts have turned more cautious, with multiple firms lowering price targets and ratings. MarketBeat reports an average rating of “Reduce” and an average price target of $11.59.

Nykredit A S acquired a new position in shares of Infosys Ltd. (NYSE:INFY - Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,063,858 shares of the technology company's stock, valued at approximately $11,160,000.

Other large investors have also made changes to their positions in the company. Bank of America Corp DE boosted its holdings in shares of Infosys by 7.4% in the 1st quarter. Bank of America Corp DE now owns 6,790,666 shares of the technology company's stock worth $91,742,000 after acquiring an additional 469,843 shares in the last quarter. Lazard Asset Management LLC boosted its stake in Infosys by 17.0% in the first quarter. Lazard Asset Management LLC now owns 26,776,494 shares of the technology company's stock worth $361,750,000 after purchasing an additional 3,893,801 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in shares of Infosys by 8.7% during the first quarter. Arrowstreet Capital Limited Partnership now owns 6,490,358 shares of the technology company's stock worth $87,685,000 after purchasing an additional 521,169 shares during the last quarter. Weiss Asset Management LP acquired a new stake in shares of Infosys in the first quarter valued at $10,708,000. Finally, Royal Bank of Canada increased its stake in shares of Infosys by 31.9% in the first quarter. Royal Bank of Canada now owns 1,156,539 shares of the technology company's stock valued at $15,625,000 after buying an additional 279,954 shares in the last quarter. Institutional investors own 16.20% of the company's stock.

Infosys Stock Down 3.6%

Shares of INFY stock opened at $11.66 on Friday. The firm has a market cap of $47.22 billion, a price-to-earnings ratio of 14.40, a PEG ratio of 2.73 and a beta of 0.87. Infosys Ltd. has a 12 month low of $10.30 and a 12 month high of $30.00. The stock has a 50-day moving average price of $11.70 and a 200 day moving average price of $12.56.

Infosys (NYSE:INFY - Get Free Report) last released its earnings results on Thursday, July 23rd. The technology company reported $0.20 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.21 by ($0.01). The business had revenue of $4.99 billion for the quarter, compared to analyst estimates of $5.08 billion. Infosys had a net margin of 16.38% and a return on equity of 33.91%. Sell-side analysts predict that Infosys Ltd. will post 0.81 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Susquehanna reduced their price target on shares of Infosys from $12.00 to $11.00 and set a "neutral" rating on the stock in a research report on Friday, July 24th. BMO Capital Markets reaffirmed a "market perform" rating and issued a $12.00 target price (down from $13.00) on shares of Infosys in a research note on Friday, July 24th. CLSA lowered shares of Infosys from an "outperform" rating to a "hold" rating in a research report on Wednesday, August 19th. HSBC set a $11.47 price target on shares of Infosys and gave the company a "hold" rating in a research note on Friday, July 24th. Finally, JPMorgan Chase & Co. restated a "neutral" rating and issued a $10.90 price objective (down from $12.70) on shares of Infosys in a research report on Friday, July 24th. Nine research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Reduce" and an average target price of $11.59.

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. The company was founded by Dinesh Krishnan Swamy, Senapathy Gopalakrishnan, Narayana Ramarao Nagavara Murthy, Raghavan N. S., Ashok Arora, Nandan M. Nilekani, and S. D. Shibulal on July 2, 1981 and is headquartered in Bangalore, India.

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