Two Sigma Advisers LP Purchases 84,900 Shares of Infosys Limited (NYSE:INFY)

Two Sigma Advisers LP raised its position in Infosys Limited (NYSE:INFY - Free Report) by 78.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 193,300 shares of the technology company's stock after acquiring an additional 84,900 shares during the quarter. Two Sigma Advisers LP's holdings in Infosys were worth $4,237,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of INFY. Sierra Ocean LLC purchased a new position in shares of Infosys in the fourth quarter valued at about $29,000. Farther Finance Advisors LLC increased its position in shares of Infosys by 69.7% in the fourth quarter. Farther Finance Advisors LLC now owns 3,115 shares of the technology company's stock valued at $68,000 after acquiring an additional 1,279 shares during the period. Principal Securities Inc. increased its position in shares of Infosys by 210.1% during the fourth quarter. Principal Securities Inc. now owns 4,822 shares of the technology company's stock valued at $106,000 after buying an additional 3,267 shares during the period. KLP Kapitalforvaltning AS purchased a new position in shares of Infosys during the fourth quarter valued at about $132,000. Finally, Jones Financial Companies Lllp increased its position 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 buying an additional 1,030 shares during the period. Hedge funds and other institutional investors own 16.20% of the company's stock.

Wall Street Analysts Forecast Growth

INFY has been the topic of several research analyst reports. Investec upgraded shares of Infosys from a "sell" rating to a "buy" rating in a research report on Friday, April 18th. Stifel Nicolaus reduced their price target on shares of Infosys from $18.00 to $17.00 and set a "hold" rating on the stock in a research report on Monday, April 21st. BMO Capital Markets reduced their price target on shares of Infosys from $25.00 to $18.00 and set a "market perform" rating on the stock in a research report on Monday, April 21st. The Goldman Sachs Group cut shares of Infosys from a "buy" rating to a "neutral" rating and set a $17.90 price target on the stock. in a research report on Monday, April 21st. Finally, Wall Street Zen upgraded shares of Infosys from a "hold" rating to a "buy" rating in a research report on Friday, May 16th. Six analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $17.48.

Infosys Price Performance

NYSE:INFY traded down $0.04 during mid-day trading on Friday, hitting $18.17. 5,481,649 shares of the company's stock were exchanged, compared to its average volume of 9,680,947. The business has a fifty day moving average price of $17.67 and a 200 day moving average price of $20.25. The company has a market cap of $75.24 billion, a PE ratio of 22.99, a P/E/G ratio of 3.50 and a beta of 0.98. Infosys Limited has a one year low of $15.82 and a one year high of $23.63.

Infosys (NYSE:INFY - Get Free Report) last issued its earnings results on Thursday, April 17th. The technology company reported $0.20 earnings per share (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 in the prior year, the firm posted $0.23 earnings per share. On average, equities analysts forecast that Infosys Limited will post 0.74 EPS for the current fiscal 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.