Seafarer Capital Partners LLC boosted its stake in Infosys Ltd (NYSE:INFY) by 0.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,831,000 shares of the technology company’s stock after acquiring an additional 10,000 shares during the quarter. Infosys comprises about 63.5% of Seafarer Capital Partners LLC’s holdings, making the stock its largest holding. Seafarer Capital Partners LLC’s holdings in Infosys were worth $159,459,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. The Manufacturers Life Insurance Company raised its position in shares of Infosys by 2.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 18,729 shares of the technology company’s stock valued at $282,000 after purchasing an additional 395 shares in the last quarter. Foster & Motley Inc. raised its position in shares of Infosys by 28.2% in the 4th quarter. Foster & Motley Inc. now owns 14,628 shares of the technology company’s stock valued at $237,000 after purchasing an additional 3,221 shares in the last quarter. Community Bank & Trust Waco Texas raised its position in shares of Infosys by 19.0% in the 4th quarter. Community Bank & Trust Waco Texas now owns 20,855 shares of the technology company’s stock valued at $338,000 after purchasing an additional 3,335 shares in the last quarter. WFG Advisors LP raised its position in shares of Infosys by 14.5% in the 2nd quarter. WFG Advisors LP now owns 35,455 shares of the technology company’s stock valued at $533,000 after purchasing an additional 4,485 shares in the last quarter. Finally, Alps Advisors Inc. raised its position in shares of Infosys by 8.3% in the 3rd quarter. Alps Advisors Inc. now owns 65,287 shares of the technology company’s stock valued at $953,000 after purchasing an additional 5,000 shares in the last quarter. Hedge funds and other institutional investors own 19.73% of the company’s stock.
A number of brokerages have issued reports on INFY. Goldman Sachs Group raised Infosys from a “neutral” rating to a “buy” rating in a research report on Monday. ValuEngine raised Infosys from a “hold” rating to a “buy” rating in a research report on Friday. Susquehanna Bancshares reaffirmed a “negative” rating on shares of Infosys in a research report on Monday. UBS Group lowered Infosys to a “neutral” rating in a research report on Monday. Finally, Cantor Fitzgerald reaffirmed a “hold” rating and issued a $16.00 target price on shares of Infosys in a research report on Tuesday, January 16th. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the company’s stock. Infosys currently has a consensus rating of “Hold” and a consensus price target of $15.77.
Shares of Infosys Ltd (INFY) opened at $17.37 on Tuesday. The stock has a market capitalization of $38,573.29, a P/E ratio of 18.11, a P/E/G ratio of 1.95 and a beta of 0.58. Infosys Ltd has a 52-week low of $13.80 and a 52-week high of $18.71.
Infosys (NYSE:INFY) last posted its quarterly earnings results on Friday, January 12th. The technology company reported $0.25 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.25. The business had revenue of $2.76 billion for the quarter, compared to analyst estimates of $2.74 billion. Infosys had a return on equity of 21.31% and a net margin of 22.97%. During the same period in the prior year, the company posted $0.24 EPS. research analysts anticipate that Infosys Ltd will post 1 EPS for the current year.
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Infosys Limited is engaged in consulting, technology, outsourcing and next-generation services. The Company, along with its subsidiaries, provides business information technology services comprising application development and maintenance, independent validation, infrastructure management, engineering services comprising product engineering and life cycle solutions and business process management; consulting and systems integration services comprising consulting, enterprise solutions, systems integration and advanced technologies; products, business platforms and solutions to accelerate intellectual property-led innovation, including Finacle, its banking solution, and offerings in the areas of Analytics, Cloud and Digital Transformation.
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