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

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

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Sierra Ocean LLC bought a new position in shares of Infosys during the fourth quarter valued at approximately $29,000. Farther Finance Advisors LLC raised its holdings in shares of Infosys by 69.7% during 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 in the last quarter. Principal Securities Inc. raised its holdings 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 acquiring an additional 3,267 shares in the last quarter. KLP Kapitalforvaltning AS bought a new position in shares of Infosys during the fourth quarter valued at approximately $132,000. Finally, Jones Financial Companies Lllp raised its holdings 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 acquiring an additional 1,030 shares in the last quarter. Institutional investors own 16.20% of the company's stock.

Analyst Ratings Changes

INFY has been the subject of a number of research reports. CLSA upgraded Infosys from a "hold" rating to an "outperform" rating in a report on Friday, March 7th. Stifel Nicolaus decreased their price objective on Infosys from $18.00 to $17.00 and set a "hold" rating for the company in a report on Monday, April 21st. Susquehanna upgraded 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. BMO Capital Markets decreased their price objective on Infosys from $25.00 to $18.00 and set a "market perform" rating for the company in a report on Monday, April 21st. Finally, The Goldman Sachs Group downgraded Infosys from a "buy" rating to a "neutral" rating and set a $17.90 price objective for the company. in a report on Monday, April 21st. Six 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. According to data from MarketBeat, Infosys presently has a consensus rating of "Moderate Buy" and a consensus target price of $17.48.

Infosys Price Performance

Infosys stock traded up $0.10 during mid-day trading on Friday, reaching $18.14. The stock had a trading volume of 10,086,488 shares, compared to its average volume of 9,717,710. The company has a market capitalization of $75.14 billion, a price-to-earnings ratio of 22.96, a PEG ratio of 3.50 and a beta of 0.98. The company has a 50-day moving average price of $17.67 and a two-hundred day moving average price of $20.34. 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 announced 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. The company had revenue of $4.79 billion for the quarter, compared to analysts' expectations 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 previous year, the business posted $0.23 EPS. On average, equities research analysts anticipate that Infosys Limited will post 0.74 earnings per share 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.