First Trust Advisors LP Has $710.43 Million Position in Infosys Limited (NYSE:INFY)

First Trust Advisors LP increased its stake in shares of Infosys Limited (NYSE:INFY - Free Report) by 14.5% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 32,410,108 shares of the technology company's stock after acquiring an additional 4,108,903 shares during the period. Infosys accounts for about 0.6% of First Trust Advisors LP's holdings, making the stock its 16th largest position. First Trust Advisors LP owned about 0.78% of Infosys worth $710,430,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in INFY. SG Americas Securities LLC acquired a new position in shares of Infosys during the 4th quarter worth about $311,000. Jones Financial Companies Lllp lifted 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 worth $165,000 after buying an additional 1,030 shares during the last quarter. Haven Global Partners LLC bought a new stake in shares of Infosys in the fourth quarter valued at approximately $4,078,000. Barclays PLC grew its stake in shares of Infosys by 11.8% in the third quarter. Barclays PLC now owns 2,523,605 shares of the technology company's stock worth $56,200,000 after acquiring an additional 266,902 shares during the last quarter. Finally, Farther Finance Advisors LLC grew its stake 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 worth $68,000 after acquiring an additional 1,279 shares during the last quarter. 16.20% of the stock is owned by institutional investors.

Infosys Stock Performance

Infosys stock traded up $0.12 during trading hours on Thursday, hitting $17.35. 5,039,469 shares of the stock were exchanged, compared to its average volume of 12,119,097. Infosys Limited has a 12 month low of $15.82 and a 12 month high of $23.63. The business's 50-day moving average is $18.57 and its two-hundred day moving average is $20.99. The stock has a market capitalization of $71.84 billion, a P/E ratio of 21.97, a P/E/G ratio of 3.50 and a beta of 0.97.

Infosys (NYSE:INFY - Get Free Report) last issued its quarterly earnings data on Thursday, April 17th. The technology company reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.01. The firm had revenue of $4.79 billion during 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 quarter in the previous year, the company posted $0.23 EPS. On average, equities analysts predict that Infosys Limited will post 0.74 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on INFY shares. 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 note on Monday. CLSA upgraded Infosys from a "hold" rating to an "outperform" rating in a research note on Friday, March 7th. Investec upgraded shares of Infosys from a "sell" rating to a "buy" rating in a research note on Friday, April 18th. Susquehanna raised shares of Infosys from a "negative" rating to a "neutral" rating and set a $17.00 price target on the stock in a report on Monday, April 14th. Finally, Stifel Nicolaus reduced their price objective on shares of Infosys from $18.00 to $17.00 and set a "hold" rating for the company in a report on Monday. Seven analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, Infosys presently has an average rating of "Moderate Buy" and an average price target of $17.48.

Infosys Company 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.