GAMMA Investing LLC Raises Stock Holdings in Infosys Limited (NYSE:INFY)

GAMMA Investing LLC increased its holdings in shares of Infosys Limited (NYSE:INFY - Free Report) by 2,315.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 108,606 shares of the technology company's stock after acquiring an additional 104,110 shares during the quarter. GAMMA Investing LLC's holdings in Infosys were worth $19,820,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. First Trust Advisors LP raised its stake in shares of Infosys by 14.5% during the 4th quarter. First Trust Advisors LP now owns 32,410,108 shares of the technology company's stock worth $710,430,000 after purchasing an additional 4,108,903 shares during the period. Fisher Asset Management LLC grew its position in Infosys by 0.7% during the fourth quarter. Fisher Asset Management LLC now owns 14,517,359 shares of the technology company's stock valued at $318,221,000 after buying an additional 102,341 shares during the period. Franklin Resources Inc. increased its holdings in Infosys by 2.0% during the fourth quarter. Franklin Resources Inc. now owns 11,501,533 shares of the technology company's stock worth $252,114,000 after buying an additional 229,482 shares during the last quarter. AQR Capital Management LLC raised its position in Infosys by 270.9% in the fourth quarter. AQR Capital Management LLC now owns 9,164,085 shares of the technology company's stock worth $200,877,000 after acquiring an additional 6,693,127 shares during the period. Finally, Bank of America Corp DE boosted its stake in Infosys by 43.1% in the fourth quarter. Bank of America Corp DE now owns 8,225,396 shares of the technology company's stock valued at $180,301,000 after acquiring an additional 2,478,093 shares during the last quarter. Hedge funds and other institutional investors own 16.20% of the company's stock.

Infosys Stock Up 0.5%

Shares of NYSE:INFY traded up $0.10 during midday trading on Monday, reaching $18.30. 5,386,655 shares of the company traded hands, compared to its average volume of 9,665,964. The firm's fifty day moving average price is $17.62 and its two-hundred day moving average price is $20.07. The firm has a market capitalization of $75.83 billion, a price-to-earnings ratio of 23.16, a price-to-earnings-growth 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.

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

Analyst Ratings Changes

INFY has been the subject of several research analyst reports. The Goldman Sachs Group lowered shares of Infosys from a "buy" rating to a "neutral" rating and set a $17.90 price target for the company. in a research note on Monday, April 21st. Stifel Nicolaus lowered their target price on Infosys from $18.00 to $17.00 and set a "hold" rating on the stock in a research note on Monday, April 21st. Susquehanna raised Infosys from a "negative" rating to a "neutral" rating and set a $17.00 price target on the stock in a research report on Monday, April 14th. CLSA raised Infosys from a "hold" rating to an "outperform" rating in a report on Friday, March 7th. Finally, Investec upgraded Infosys from a "sell" rating to a "buy" rating in a research note on Friday, April 18th. Six research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $17.48.

Infosys 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.