Fullerton Fund Management Co Ltd. purchased a new position in Infosys Limited (NYSE:INFY - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 203,710 shares of the technology company's stock, valued at approximately $4,465,000.
Other hedge funds and other institutional investors have also modified their holdings of the company. Sierra Ocean LLC bought a new position in shares of Infosys during the 4th quarter valued at $29,000. Brooklyn Investment Group bought a new position in Infosys during the fourth quarter valued at about $52,000. Wilmington Savings Fund Society FSB bought a new position in Infosys during the third quarter valued at about $57,000. Farther Finance Advisors LLC lifted 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 worth $68,000 after buying an additional 1,279 shares during the last quarter. Finally, GAMMA Investing LLC boosted its stake in shares of Infosys by 14.2% during the 4th quarter. GAMMA Investing LLC now owns 4,496 shares of the technology company's stock worth $99,000 after acquiring an additional 560 shares in the last quarter. 16.20% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Several equities research analysts recently weighed in on INFY shares. CLSA upgraded Infosys from a "hold" rating to an "outperform" rating in a report on Friday, March 7th. BMO Capital Markets reduced their price objective on shares of Infosys from $25.00 to $18.00 and set a "market perform" rating for the company in a research note on Monday, April 21st. StockNews.com downgraded shares of Infosys from a "buy" rating to a "hold" rating in a report on Wednesday, April 23rd. Stifel Nicolaus decreased their price target on shares of Infosys from $18.00 to $17.00 and set a "hold" rating for the company in a report on Monday, April 21st. Finally, The Goldman Sachs Group lowered Infosys from a "buy" rating to a "neutral" rating and set a $17.90 price objective on the stock. in a research note on Monday, April 21st. Seven analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Infosys currently has a consensus rating of "Moderate Buy" and a consensus price target of $17.48.
View Our Latest Stock Analysis on INFY
Infosys Stock Performance
NYSE INFY opened at $17.48 on Friday. Infosys Limited has a twelve month low of $15.82 and a twelve month high of $23.63. The stock has a market cap of $72.40 billion, a PE ratio of 22.13, a PEG ratio of 3.50 and a beta of 0.98. The firm has a 50-day simple moving average of $17.81 and a 200 day simple moving average of $20.56.
Infosys (NYSE:INFY - Get Free Report) last announced its quarterly earnings data on Thursday, April 17th. The technology company reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.01. The company had revenue of $4.79 billion for the quarter, compared to analyst estimates of $420.69 billion. Infosys had a return on equity of 31.60% and a net margin of 17.28%. During the same quarter last year, the firm earned $0.23 EPS. Research analysts forecast that Infosys Limited will post 0.74 earnings per share for the current fiscal year.
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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