RWC Asset Management LLP lessened its holdings in shares of Infosys Limited (NYSE:INFY - Free Report) by 5.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,467,761 shares of the technology company's stock after selling 83,087 shares during the quarter. Infosys makes up about 1.6% of RWC Asset Management LLP's portfolio, making the stock its 21st biggest holding. RWC Asset Management LLP's holdings in Infosys were worth $26,977,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in INFY. GAMMA Investing LLC acquired a new position in shares of Infosys during the 4th quarter valued at about $36,000. JFS Wealth Advisors LLC boosted its position in shares of Infosys by 88.3% during the 3rd quarter. JFS Wealth Advisors LLC now owns 2,945 shares of the technology company's stock valued at $50,000 after acquiring an additional 1,381 shares during the last quarter. Planned Solutions Inc. acquired a new position in shares of Infosys during the 4th quarter valued at about $50,000. Harel Insurance Investments & Financial Services Ltd. acquired a new position in shares of Infosys during the 3rd quarter valued at about $85,000. Finally, Blue Trust Inc. boosted its position in shares of Infosys by 61.8% during the 4th quarter. Blue Trust Inc. now owns 9,443 shares of the technology company's stock valued at $161,000 after acquiring an additional 3,606 shares during the last quarter. Institutional investors and hedge funds own 10.89% of the company's stock.
Infosys Stock Down 0.4 %
NYSE:INFY traded down $0.07 on Friday, reaching $16.94. 8,845,064 shares of the company's stock were exchanged, compared to its average volume of 12,953,776. The firm has a market capitalization of $70.12 billion, a price-to-earnings ratio of 22.29, a price-to-earnings-growth ratio of 2.27 and a beta of 0.93. The business has a fifty day moving average of $18.49 and a 200-day moving average of $18.32. Infosys Limited has a 52-week low of $14.98 and a 52-week high of $20.74.
Infosys (NYSE:INFY - Get Free Report) last issued its quarterly earnings results on Thursday, April 18th. The technology company reported $0.23 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.17 by $0.06. The company had revenue of $4.56 billion for the quarter, compared to analyst estimates of $4.49 billion. Infosys had a net margin of 17.06% and a return on equity of 32.33%. During the same period in the prior year, the firm earned $0.18 earnings per share. As a group, equities analysts anticipate that Infosys Limited will post 0.75 earnings per share for the current year.
Analyst Upgrades and Downgrades
INFY has been the topic of several recent research reports. HSBC reissued a "hold" rating and set a $20.10 price target on shares of Infosys in a research report on Friday, April 19th. Guggenheim began coverage on shares of Infosys in a research report on Tuesday, March 19th. They set a "neutral" rating and a $20.00 price target on the stock. BMO Capital Markets reduced their price objective on shares of Infosys from $21.00 to $18.00 and set a "market perform" rating on the stock in a report on Friday, April 19th. Wedbush restated an "outperform" rating and issued a $22.00 price objective on shares of Infosys in a report on Wednesday, March 13th. Finally, StockNews.com lowered shares of Infosys from a "buy" rating to a "hold" rating in a report on Tuesday, March 19th. One analyst has rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $19.27.
Read Our Latest Report on Infosys
About Infosys
(
Free Report)
Infosys Limited, together with its subsidiaries, provides consulting, technology, outsourcing, and next-generation digital services in North America, Europe, India, and internationally. It provides digital marketing and digital workplace, digital commerce, digital experience and interactions, metaverse, data analytics and AI, applied AI, generative AI, sustainability, blockchain, engineering, Internet of Things, enterprise agile DevOps, application modernization, cloud, digital process automation, digital supply chain, Microsoft business application and cloud business, service experience transformation, energy transition, cyber security, and quality engineering solutions; Oracle, SAP, and Saleforce solutions; API economy and microservices; and Topaz, an AI-first set of services, solutions, and platforms using generative AI technologies.
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