Woodline Partners LP Acquires Shares of 1,508,675 Infosys Limited (NYSE:INFY)

Woodline Partners LP acquired a new stake in shares of Infosys Limited (NYSE:INFY - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 1,508,675 shares of the technology company's stock, valued at approximately $33,070,000.

A number of other institutional investors and hedge funds have also bought and sold shares of INFY. Barclays PLC grew its holdings in shares of Infosys by 11.8% during the third quarter. Barclays PLC now owns 2,523,605 shares of the technology company's stock valued at $56,200,000 after buying an additional 266,902 shares during the last quarter. Park Avenue Securities LLC bought a new position in Infosys in the 4th quarter valued at approximately $237,000. Aaron Wealth Advisors LLC boosted its stake in Infosys by 18.6% during the 4th quarter. Aaron Wealth Advisors LLC now owns 14,932 shares of the technology company's stock valued at $327,000 after purchasing an additional 2,340 shares during the last quarter. Diversify Wealth Management LLC bought a new stake in shares of Infosys in the 4th quarter worth $787,000. Finally, Ballentine Partners LLC raised its stake in shares of Infosys by 6.8% in the fourth quarter. Ballentine Partners LLC now owns 82,824 shares of the technology company's stock worth $1,816,000 after purchasing an additional 5,307 shares during the last quarter. 16.20% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms recently commented on INFY. Stifel Nicolaus dropped their price objective on Infosys from $18.00 to $17.00 and set a "hold" rating on the stock in a research report on Monday, April 21st. CLSA raised Infosys from a "hold" rating to an "outperform" rating in a research report on Friday, March 7th. The Goldman Sachs Group downgraded shares of Infosys from a "buy" rating to a "neutral" rating and set a $17.90 price target on the stock. in a report on Monday, April 21st. Investec upgraded shares of Infosys from a "sell" rating to a "buy" rating in a research note on Friday, April 18th. Finally, Susquehanna raised shares of Infosys from a "negative" rating to a "neutral" rating and set a $17.00 price objective for the company in a report on Monday, April 14th. Six equities research 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 stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $17.48.

Infosys Trading Up 0.6%

NYSE INFY traded up $0.10 on Monday, hitting $18.14. 10,086,488 shares of the company traded hands, compared to its average volume of 9,719,625. The business's 50 day moving average price is $17.67 and its 200-day moving average price is $20.33. Infosys Limited has a 52-week low of $15.82 and a 52-week high of $23.63. The company has a market capitalization of $75.14 billion, a price-to-earnings ratio of 22.96, a P/E/G ratio of 3.50 and a beta of 0.98.

Infosys (NYSE:INFY - Get Free Report) last posted its quarterly earnings data on Thursday, April 17th. The technology company reported $0.20 EPS for the quarter, topping the consensus estimate of $0.19 by $0.01. Infosys had a return on equity of 31.60% and a net margin of 17.28%. The firm had revenue of $4.79 billion for the quarter, compared to the consensus estimate of $420.69 billion. During the same quarter last year, the company 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.

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.