Infosys Limited (NYSE:INFY) Shares Purchased by Man Group plc

Man Group plc increased its stake in shares of Infosys Limited (NYSE:INFY - Free Report) by 9.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,143,860 shares of the technology company's stock after buying an additional 428,659 shares during the quarter. Man Group plc owned about 0.12% of Infosys worth $112,753,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Sierra Ocean LLC acquired a new stake in shares of Infosys during the 4th quarter valued at approximately $29,000. Brooklyn Investment Group acquired a new position in shares of Infosys during the 4th quarter worth approximately $52,000. Farther Finance Advisors LLC raised its position in shares of Infosys by 69.7% during the 4th quarter. Farther Finance Advisors LLC now owns 3,115 shares of the technology company's stock worth $68,000 after purchasing an additional 1,279 shares during the last quarter. Principal Securities Inc. raised its position in shares of Infosys by 210.1% during the 4th quarter. Principal Securities Inc. now owns 4,822 shares of the technology company's stock worth $106,000 after purchasing an additional 3,267 shares during the last quarter. Finally, KLP Kapitalforvaltning AS acquired a new position in shares of Infosys during the 4th quarter worth approximately $132,000. Hedge funds and other institutional investors own 16.20% of the company's stock.

Infosys Price Performance

Shares of INFY stock opened at $18.39 on Wednesday. Infosys Limited has a 12 month low of $15.82 and a 12 month high of $23.63. The firm has a market capitalization of $76.17 billion, a P/E ratio of 23.28, a P/E/G ratio of 3.50 and a beta of 0.98. The company's fifty day moving average price is $17.76 and its two-hundred day moving average price is $20.50.

Infosys (NYSE:INFY - Get Free Report) last issued its quarterly earnings data on Thursday, April 17th. The technology company reported $0.20 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 firm had revenue of $4.79 billion for the quarter, compared to analyst estimates of $420.69 billion. During the same quarter in the previous year, the business posted $0.23 EPS. On average, sell-side analysts anticipate that Infosys Limited will post 0.74 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have weighed in on INFY. Investec upgraded Infosys from a "sell" rating to a "buy" rating in a report on Friday, April 18th. CLSA upgraded Infosys from a "hold" rating to an "outperform" rating in a report on Friday, March 7th. BMO Capital Markets cut their price target on Infosys from $25.00 to $18.00 and set a "market perform" rating for the company in a report on Monday, April 21st. StockNews.com downgraded Infosys from a "buy" rating to a "hold" rating in a report on Wednesday, April 23rd. Finally, Susquehanna upgraded Infosys from a "negative" rating to a "neutral" rating and set a $17.00 price target for the company in a report on Monday, April 14th. Seven analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price 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.

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