White Oak Capital Partners Pte. Ltd. Makes New Investment in Infosys Limited (NYSE:INFY)

White Oak Capital Partners Pte. Ltd. purchased a new position in shares of Infosys Limited (NYSE:INFY - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 865,700 shares of the technology company's stock, valued at approximately $18,976,000. Infosys comprises approximately 10.5% of White Oak Capital Partners Pte. Ltd.'s investment portfolio, making the stock its 2nd largest holding.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Stifel Financial Corp boosted its stake in Infosys by 31.0% in the 4th quarter. Stifel Financial Corp now owns 81,135 shares of the technology company's stock worth $1,779,000 after buying an additional 19,219 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Infosys by 2.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 6,601,336 shares of the technology company's stock worth $144,738,000 after acquiring an additional 148,011 shares during the period. First Trust Advisors LP boosted its position in shares of Infosys by 14.5% in the fourth quarter. First Trust Advisors LP now owns 32,410,108 shares of the technology company's stock worth $710,430,000 after acquiring an additional 4,108,903 shares during the last quarter. GeoWealth Management LLC grew its holdings in Infosys by 370.8% in the fourth quarter. GeoWealth Management LLC now owns 8,267 shares of the technology company's stock valued at $181,000 after purchasing an additional 6,511 shares during the period. Finally, Marshall Wace LLP increased its position in Infosys by 32.5% during the fourth quarter. Marshall Wace LLP now owns 242,180 shares of the technology company's stock worth $5,309,000 after purchasing an additional 59,411 shares during the last quarter. 16.20% of the stock is currently owned by hedge funds and other institutional investors.

Infosys Stock Performance

Shares of NYSE INFY traded down $0.21 during midday trading on Monday, reaching $17.20. 2,692,854 shares of the company's stock were exchanged, compared to its average volume of 9,620,176. Infosys Limited has a 52-week low of $15.82 and a 52-week high of $23.63. The business's fifty day moving average price is $18.40 and its two-hundred day moving average price is $20.88. The stock has a market capitalization of $71.22 billion, a PE ratio of 21.76, a price-to-earnings-growth ratio of 3.50 and a beta of 0.97.

Infosys (NYSE:INFY - Get Free Report) last posted its quarterly earnings data on Thursday, April 17th. The technology company reported $0.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.01. The company had revenue of $4.79 billion for the quarter, compared to the consensus estimate of $420.69 billion. Infosys had a return on equity of 31.60% and a net margin of 17.28%. During the same period in the previous year, the business earned $0.23 EPS. Analysts predict that Infosys Limited will post 0.74 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

INFY has been the subject of a number of research reports. StockNews.com cut Infosys from a "buy" rating to a "hold" rating in a report on Wednesday, April 23rd. The Goldman Sachs Group downgraded 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. CLSA raised shares of Infosys from a "hold" rating to an "outperform" rating in a research note on Friday, March 7th. Stifel Nicolaus decreased their price target on shares of Infosys from $18.00 to $17.00 and set a "hold" rating for the company in a research report on Monday, April 21st. Finally, Guggenheim reissued a "neutral" rating on shares of Infosys in a research report on Friday, January 17th. 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. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $17.48.

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.