Vise Technologies Inc. Acquires 112,505 Shares of Infosys Limited (NYSE:INFY)

Vise Technologies Inc. lifted its position in Infosys Limited (NYSE:INFY - Free Report) by 748.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 127,534 shares of the technology company's stock after purchasing an additional 112,505 shares during the quarter. Vise Technologies Inc.'s holdings in Infosys were worth $2,796,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. First Trust Advisors LP boosted its holdings in Infosys by 14.5% during the 4th quarter. First Trust Advisors LP now owns 32,410,108 shares of the technology company's stock valued at $710,430,000 after acquiring an additional 4,108,903 shares during the period. Robeco Institutional Asset Management B.V. lifted its holdings in Infosys by 6.2% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 25,841,022 shares of the technology company's stock worth $566,435,000 after buying an additional 1,501,039 shares during the period. Fisher Asset Management LLC lifted its holdings in Infosys by 0.7% in the 4th quarter. Fisher Asset Management LLC now owns 14,517,359 shares of the technology company's stock worth $318,221,000 after buying an additional 102,341 shares during the period. Franklin Resources Inc. lifted its holdings in Infosys by 2.0% in the 4th 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 period. Finally, AQR Capital Management LLC lifted its holdings in Infosys by 270.9% in the 4th quarter. AQR Capital Management LLC now owns 9,164,085 shares of the technology company's stock worth $200,877,000 after buying an additional 6,693,127 shares during the period. 16.20% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on INFY. Susquehanna raised Infosys from a "negative" rating to a "neutral" rating and set a $17.00 target price for the company in a research report on Monday, April 14th. CLSA raised Infosys from a "hold" rating to an "outperform" rating in a research report on Friday, March 7th. The Goldman Sachs Group lowered Infosys from a "buy" rating to a "neutral" rating and set a $17.90 target price for the company. in a research report on Monday, April 21st. Investec raised Infosys from a "sell" rating to a "buy" rating in a research report on Friday, April 18th. Finally, Stifel Nicolaus decreased their target price on Infosys from $18.00 to $17.00 and set a "hold" rating for the company 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 company's stock. Based on data from MarketBeat, Infosys presently has a consensus rating of "Moderate Buy" and a consensus target price of $17.48.

Infosys Trading Down 0.7%

NYSE INFY traded down $0.14 on Wednesday, hitting $18.36. 2,472,556 shares of the company traded hands, compared to its average volume of 9,688,469. The company has a market capitalization of $76.03 billion, a price-to-earnings ratio of 23.23, a P/E/G ratio of 3.50 and a beta of 0.98. The business's 50 day moving average price is $17.67 and its 200-day moving average price is $20.29. Infosys Limited has a 52-week low of $15.82 and a 52-week high of $23.63.

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

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.