Marshall Wace LLP Purchases 59,411 Shares of Infosys Limited (NYSE:INFY)

Marshall Wace LLP boosted its position in Infosys Limited (NYSE:INFY - Free Report) by 32.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 242,180 shares of the technology company's stock after purchasing an additional 59,411 shares during the period. Marshall Wace LLP's holdings in Infosys were worth $5,309,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the company. Arrowstreet Capital Limited Partnership lifted its stake in Infosys by 118.8% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 7,912,259 shares of the technology company's stock worth $173,437,000 after acquiring an additional 4,296,291 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich lifted its holdings in Infosys by 1,668.3% in the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 3,228,211 shares of the technology company's stock worth $75,470,000 after purchasing an additional 3,045,656 shares during the last quarter. Robeco Institutional Asset Management B.V. boosted its position in Infosys by 6.2% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 25,841,022 shares of the technology company's stock worth $566,435,000 after purchasing an additional 1,501,039 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its position in Infosys by 1,606.5% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,454,437 shares of the technology company's stock worth $32,143,000 after purchasing an additional 1,369,210 shares during the period. Finally, American Century Companies Inc. grew its holdings in Infosys by 31.3% during the fourth quarter. American Century Companies Inc. now owns 4,603,993 shares of the technology company's stock valued at $100,920,000 after purchasing an additional 1,097,105 shares during the last quarter. Institutional investors own 16.20% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on INFY. StockNews.com cut Infosys from a "buy" rating to a "hold" rating in a research report on Wednesday, April 23rd. CLSA raised shares of Infosys from a "hold" rating to an "outperform" rating in a 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 objective on the stock. in a report on Monday, April 21st. Stifel Nicolaus lowered their price target on Infosys from $18.00 to $17.00 and set a "hold" rating on the stock in a research note on Monday, April 21st. Finally, BMO Capital Markets reduced their price objective on Infosys from $25.00 to $18.00 and set a "market perform" rating for the company in a research report on Monday, April 21st. Seven investment analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Infosys presently has a consensus rating of "Moderate Buy" and an average price target of $17.48.

Infosys Stock Performance

Shares of NYSE INFY traded up $0.22 during midday trading on Tuesday, reaching $17.55. 1,584,045 shares of the company traded hands, compared to its average volume of 9,607,764. The stock's 50-day simple moving average is $18.33 and its 200-day simple moving average is $20.84. Infosys Limited has a 12 month low of $15.82 and a 12 month high of $23.63. The firm has a market cap of $72.67 billion, a PE ratio of 22.22, a PEG 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 for the quarter, topping the consensus estimate 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 analysts' expectations of $420.69 billion. During the same period in the prior year, the firm earned $0.23 earnings per share. On average, equities research analysts expect that Infosys Limited will post 0.74 EPS for the current year.

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.