Two Sigma Advisers LP grew its holdings in Infosys Limited (NYSE:INFY - Free Report) by 78.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 193,300 shares of the technology company's stock after acquiring an additional 84,900 shares during the period. Two Sigma Advisers LP's holdings in Infosys were worth $4,237,000 at the end of the most recent quarter.
Several other hedge funds also recently added to or reduced their stakes in INFY. BHK Investment Advisors LLC lifted its holdings in Infosys by 2.3% in the fourth quarter. BHK Investment Advisors LLC now owns 22,785 shares of the technology company's stock valued at $499,000 after acquiring an additional 507 shares during the period. Kovitz Investment Group Partners LLC raised its position in shares of Infosys by 5.9% in the fourth quarter. Kovitz Investment Group Partners LLC now owns 10,467 shares of the technology company's stock worth $229,000 after acquiring an additional 579 shares during the period. Flagship Harbor Advisors LLC boosted its stake in shares of Infosys by 6.2% during the 4th quarter. Flagship Harbor Advisors LLC now owns 11,026 shares of the technology company's stock worth $242,000 after acquiring an additional 641 shares in the last quarter. Geneos Wealth Management Inc. grew its position in shares of Infosys by 1.4% during the 4th quarter. Geneos Wealth Management Inc. now owns 47,919 shares of the technology company's stock valued at $1,050,000 after acquiring an additional 682 shares during the period. Finally, BSW Wealth Partners increased its stake in shares of Infosys by 3.9% in the 4th quarter. BSW Wealth Partners now owns 20,989 shares of the technology company's stock valued at $460,000 after purchasing an additional 790 shares in the last quarter. 16.20% of the stock is owned by hedge funds and other institutional investors.
Infosys Trading Up 0.7%
INFY traded up $0.13 on Thursday, hitting $18.49. 4,986,404 shares of the company were exchanged, compared to its average volume of 11,311,271. The firm has a 50-day moving average price of $17.67 and a two-hundred day moving average price of $20.28. The company has a market cap of $76.57 billion, a price-to-earnings ratio of 23.40, a price-to-earnings-growth ratio of 3.50 and a beta of 0.98. Infosys Limited has a twelve month low of $15.82 and a twelve month high of $23.63.
Infosys (NYSE:INFY - Get Free Report) last issued its quarterly earnings results on Thursday, April 17th. The technology company reported $0.20 earnings per share (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 company had revenue of $4.79 billion during the quarter, compared to the consensus estimate of $420.69 billion. During the same quarter in the previous year, the firm earned $0.23 earnings per share. Equities analysts expect that Infosys Limited will post 0.74 EPS for the current year.
Wall Street Analyst Weigh In
A number of brokerages have issued reports on INFY. BMO Capital Markets lowered their price target on Infosys from $25.00 to $18.00 and set a "market perform" rating on the stock in a research report on Monday, April 21st. CLSA upgraded Infosys from a "hold" rating to an "outperform" rating in a research report on Friday, March 7th. Investec upgraded Infosys from a "sell" rating to a "buy" rating in a research report on Friday, April 18th. Susquehanna upgraded 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. Finally, Stifel Nicolaus decreased their price target on Infosys from $18.00 to $17.00 and set a "hold" rating on the stock in a research note on Monday, April 21st. Six analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $17.48.
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Infosys Company Profile
(
Free Report)
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.
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