Boston Common Asset Management LLC Buys 63,618 Shares of Infosys Limited (NYSE:INFY)

Boston Common Asset Management LLC raised its stake in shares of Infosys Limited (NYSE:INFY - Free Report) by 14.6% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 498,967 shares of the technology company's stock after buying an additional 63,618 shares during the period. Boston Common Asset Management LLC's holdings in Infosys were worth $9,106,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the stock. Fairtree Asset Management Pty Ltd acquired a new stake in shares of Infosys during the 4th quarter valued at $130,000. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Infosys by 6.8% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 93,792 shares of the technology company's stock valued at $2,056,000 after purchasing an additional 5,998 shares during the last quarter. Employees Retirement System of Texas lifted its stake in shares of Infosys by 539.1% in the 4th quarter. Employees Retirement System of Texas now owns 78,699 shares of the technology company's stock valued at $1,725,000 after purchasing an additional 66,385 shares during the last quarter. Mackenzie Financial Corp lifted its stake in shares of Infosys by 159.1% in the 4th quarter. Mackenzie Financial Corp now owns 463,502 shares of the technology company's stock valued at $10,160,000 after purchasing an additional 284,599 shares during the last quarter. Finally, Public Employees Retirement System of Ohio lifted its stake in shares of Infosys by 27.9% in the 4th quarter. Public Employees Retirement System of Ohio now owns 2,069,502 shares of the technology company's stock valued at $45,363,000 after purchasing an additional 451,245 shares during the last quarter. Institutional investors and hedge funds own 16.20% of the company's stock.

Infosys Trading Down 1.5%

INFY traded down $0.27 during trading on Friday, hitting $18.19. The stock had a trading volume of 12,638,259 shares, compared to its average volume of 9,702,278. The firm has a market cap of $75.34 billion, a PE ratio of 23.03, a P/E/G ratio of 3.50 and a beta of 0.98. Infosys Limited has a 12 month low of $15.82 and a 12 month high of $23.63. The company has a 50 day simple moving average of $17.66 and a 200-day simple moving average of $20.22.

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

Wall Street Analyst Weigh In

Several equities research analysts 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 objective for the company. in a research note on Monday, April 21st. Stifel Nicolaus reduced their price objective on shares of Infosys from $18.00 to $17.00 and set a "hold" rating for the company in a research note on Monday, April 21st. Susquehanna raised shares of Infosys from a "negative" rating to a "neutral" rating and set a $17.00 price objective for the company in a research note on Monday, April 14th. Wall Street Zen raised shares of Infosys from a "hold" rating to a "buy" rating in a research note on Friday, May 16th. Finally, Investec raised shares of Infosys from a "sell" rating to a "buy" rating in a research note on Friday, April 18th. Six equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target 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.