OMERS ADMINISTRATION Corp Acquires 77,995 Shares of Infosys Limited (NYSE:INFY)

OMERS ADMINISTRATION Corp lifted its stake in Infosys Limited (NYSE:INFY - Free Report) by 88.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 166,374 shares of the technology company's stock after buying an additional 77,995 shares during the period. OMERS ADMINISTRATION Corp's holdings in Infosys were worth $3,647,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. First Trust Advisors LP boosted its holdings in shares of Infosys by 14.5% during the 4th quarter. First Trust Advisors LP now owns 32,410,108 shares of the technology company's stock worth $710,430,000 after buying an additional 4,108,903 shares during the period. Robeco Institutional Asset Management B.V. grew its position in shares of Infosys by 6.2% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 25,841,022 shares of the technology company's stock valued at $566,435,000 after acquiring an additional 1,501,039 shares during the period. Fisher Asset Management LLC raised its position in shares of Infosys by 0.7% in the fourth quarter. Fisher Asset Management LLC now owns 14,517,359 shares of the technology company's stock valued at $318,221,000 after purchasing an additional 102,341 shares during the period. Franklin Resources Inc. lifted its stake in Infosys by 2.0% in the 4th quarter. Franklin Resources Inc. now owns 11,501,533 shares of the technology company's stock worth $252,114,000 after purchasing an additional 229,482 shares in the last quarter. Finally, AQR Capital Management LLC increased its holdings in shares of Infosys by 270.9% in the 4th quarter. AQR Capital Management LLC now owns 9,164,085 shares of the technology company's stock worth $200,877,000 after buying an additional 6,693,127 shares during the last quarter. Institutional investors and hedge funds own 16.20% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Investec raised shares of Infosys from a "sell" rating to a "buy" rating in a report on Friday, April 18th. Stifel Nicolaus reduced their target price on shares of Infosys from $18.00 to $17.00 and set a "hold" rating on the stock in a research note on Monday, April 21st. The Goldman Sachs Group lowered Infosys from a "buy" rating to a "neutral" rating and set a $17.90 target price on the stock. in a research report on Monday, April 21st. CLSA raised Infosys from a "hold" rating to an "outperform" rating in a research note on Friday, March 7th. Finally, StockNews.com upgraded Infosys from a "hold" rating to a "buy" rating in a report on Friday. Six research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $17.48.

Infosys Stock Up 0.2%

Shares of INFY stock traded up $0.04 on Monday, reaching $18.35. The stock had a trading volume of 4,175,324 shares, compared to its average volume of 9,690,671. Infosys Limited has a 12 month low of $15.82 and a 12 month high of $23.63. The firm's 50-day moving average is $17.70 and its two-hundred day moving average is $20.43. The firm has a market capitalization of $76.01 billion, a price-to-earnings ratio of 23.21, 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 results on Thursday, April 17th. The technology company reported $0.20 EPS for the quarter, beating 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 business had revenue of $4.79 billion for the quarter, compared to analysts' expectations of $420.69 billion. During the same quarter in the prior year, the firm posted $0.23 earnings per share. On average, sell-side analysts forecast that Infosys Limited will post 0.74 earnings per share for the current fiscal year.

About Infosys

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.