Infosys Limited (NYSE:INFY) Shares Bought by GAMMA Investing LLC

GAMMA Investing LLC grew its position in Infosys Limited (NYSE:INFY - Free Report) by 2,315.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 108,606 shares of the technology company's stock after purchasing an additional 104,110 shares during the quarter. GAMMA Investing LLC's holdings in Infosys were worth $19,820,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of INFY. Jones Financial Companies Lllp increased its holdings in shares of Infosys by 15.9% during the fourth quarter. Jones Financial Companies Lllp now owns 7,520 shares of the technology company's stock valued at $165,000 after acquiring an additional 1,030 shares in the last quarter. Fullerton Fund Management Co Ltd. purchased a new stake in Infosys during the 4th quarter worth approximately $4,465,000. Farther Finance Advisors LLC increased its stake in Infosys by 69.7% during the 4th quarter. Farther Finance Advisors LLC now owns 3,115 shares of the technology company's stock valued at $68,000 after purchasing an additional 1,279 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Infosys by 1,606.5% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,454,437 shares of the technology company's stock worth $32,143,000 after buying an additional 1,369,210 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC raised its holdings in shares of Infosys by 1.4% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,393,557 shares of the technology company's stock worth $31,521,000 after buying an additional 19,440 shares during the last quarter. 16.20% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

INFY has been the topic of several research reports. Susquehanna raised Infosys from a "negative" rating to a "neutral" rating and set a $17.00 target price on the stock in a research report on Monday, April 14th. BMO Capital Markets dropped their price target on Infosys from $25.00 to $18.00 and set a "market perform" rating on the stock in a research note on Monday, April 21st. CLSA upgraded Infosys from a "hold" rating to an "outperform" rating in a research note on Friday, March 7th. Wall Street Zen raised Infosys from a "hold" rating to a "buy" rating in a report on Friday, May 16th. Finally, The Goldman Sachs Group lowered Infosys from a "buy" rating to a "neutral" rating and set a $17.90 target price on the stock. in a research report on Monday, April 21st. Six research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $17.48.

Infosys Stock Performance

Infosys stock traded up $0.27 during midday trading on Friday, hitting $18.20. 6,425,870 shares of the company were exchanged, compared to its average volume of 9,689,051. The business has a fifty day simple moving average of $17.62 and a two-hundred day simple moving average of $20.10. The firm has a market capitalization of $75.41 billion, a PE ratio of 23.04, a price-to-earnings-growth ratio of 3.50 and a beta of 0.98. Infosys Limited has a fifty-two week low of $15.82 and a fifty-two 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 EPS for the quarter, topping analysts' consensus estimates of $0.19 by $0.01. Infosys had a net margin of 17.28% and a return on equity of 31.60%. The business had revenue of $4.79 billion for the quarter, compared to analysts' expectations of $420.69 billion. During the same quarter last year, the company earned $0.23 EPS. As a group, equities analysts expect that Infosys Limited will post 0.74 earnings per share for the current year.

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.