Infosys Limited (NYSE:INFY) Shares Acquired by Northern Trust Corp

Northern Trust Corp increased its holdings in Infosys Limited (NYSE:INFY - Free Report) by 92.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,565,697 shares of the technology company's stock after purchasing an additional 1,710,906 shares during the quarter. Northern Trust Corp owned 0.09% of Infosys worth $78,160,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of INFY. The Manufacturers Life Insurance Company grew its stake in Infosys by 3.5% in the 4th quarter. The Manufacturers Life Insurance Company now owns 902,259 shares of the technology company's stock valued at $19,778,000 after acquiring an additional 30,708 shares during the period. Optiver Holding B.V. grew its position in shares of Infosys by 972.3% in the fourth quarter. Optiver Holding B.V. now owns 13,779 shares of the technology company's stock valued at $302,000 after purchasing an additional 12,494 shares during the period. Tudor Investment Corp ET AL increased its stake in shares of Infosys by 1,978.7% during the fourth quarter. Tudor Investment Corp ET AL now owns 213,853 shares of the technology company's stock worth $4,688,000 after purchasing an additional 203,565 shares in the last quarter. Aquatic Capital Management LLC raised its position in shares of Infosys by 4.2% during the 4th quarter. Aquatic Capital Management LLC now owns 523,091 shares of the technology company's stock worth $11,466,000 after purchasing an additional 21,291 shares during the last quarter. Finally, Kovitz Investment Group Partners LLC raised its position in shares of Infosys by 5.9% during the 4th quarter. Kovitz Investment Group Partners LLC now owns 10,467 shares of the technology company's stock worth $229,000 after purchasing an additional 579 shares during the last quarter. 16.20% of the stock is owned by institutional investors and hedge funds.

Infosys Trading Down 1.3 %

INFY stock traded down $0.23 during midday trading on Thursday, hitting $17.49. 11,433,286 shares of the company's stock were exchanged, compared to its average volume of 9,663,538. Infosys Limited has a 1-year low of $15.82 and a 1-year high of $23.63. The business has a 50-day simple moving average of $17.85 and a two-hundred day simple moving average of $20.59. The stock has a market capitalization of $72.42 billion, a PE ratio of 22.13, a P/E/G ratio of 3.50 and a beta of 0.98.

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. 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 period in the previous year, the firm earned $0.23 EPS. As a group, research analysts expect that Infosys Limited will post 0.74 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

INFY has been the topic of several research reports. Investec upgraded Infosys from a "sell" rating to a "buy" rating in a research report on Friday, April 18th. StockNews.com cut shares of Infosys from a "buy" rating to a "hold" rating in a research note on Wednesday, April 23rd. Stifel Nicolaus dropped their target price 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. CLSA raised shares of Infosys from a "hold" rating to an "outperform" rating in a research note on Friday, March 7th. Finally, The Goldman Sachs Group cut shares of Infosys from a "buy" rating to a "neutral" rating and set a $17.90 price objective for the company. in a research note on Monday, April 21st. Seven research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently 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.