Asahi Life Asset Management CO. LTD. Acquires Shares of 2,800 Infosys Ltd (INFY)

Asahi Life Asset Management CO. LTD. acquired a new stake in shares of Infosys Ltd (NYSE:INFY) during the first quarter, HoldingsChannel.com reports. The fund acquired 2,800 shares of the technology company’s stock, valued at approximately $31,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Investec Asset Management LTD raised its holdings in shares of Infosys by 8.6% during the 1st quarter. Investec Asset Management LTD now owns 43,046,945 shares of the technology company’s stock valued at $470,503,000 after buying an additional 3,418,796 shares in the last quarter. Fisher Asset Management LLC increased its stake in Infosys by 1.6% in the 4th quarter. Fisher Asset Management LLC now owns 41,879,875 shares of the technology company’s stock worth $398,696,000 after purchasing an additional 647,262 shares during the period. GQG Partners LLC increased its stake in Infosys by 32.1% in the 4th quarter. GQG Partners LLC now owns 21,147,668 shares of the technology company’s stock worth $201,355,000 after purchasing an additional 5,136,841 shares during the period. Massachusetts Financial Services Co. MA increased its stake in Infosys by 1,365.7% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 14,227,494 shares of the technology company’s stock worth $135,446,000 after purchasing an additional 13,256,787 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in Infosys by 6.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 11,866,845 shares of the technology company’s stock worth $112,946,000 after purchasing an additional 743,055 shares during the period. 17.57% of the stock is currently owned by institutional investors.

A number of equities analysts have commented on the company. Credit Suisse Group cut Infosys from a “neutral” rating to an “underperform” rating in a research note on Monday, April 15th. Wells Fargo & Co reaffirmed a “hold” rating on shares of Infosys in a research note on Friday, April 12th. Nomura cut Infosys from a “neutral” rating to a “reduce” rating in a research note on Monday, April 15th. Citigroup cut Infosys from a “buy” rating to a “neutral” rating in a research note on Monday, April 15th. Finally, Zacks Investment Research cut Infosys from a “hold” rating to a “sell” rating in a research note on Wednesday, April 3rd. Two analysts have rated the stock with a sell rating and fifteen have issued a hold rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $11.26.

Shares of INFY stock opened at $10.51 on Friday. The company has a market capitalization of $43.94 billion, a PE ratio of 19.46, a price-to-earnings-growth ratio of 1.95 and a beta of 0.52. Infosys Ltd has a fifty-two week low of $8.62 and a fifty-two week high of $11.38.

Infosys (NYSE:INFY) last issued its quarterly earnings data on Friday, April 12th. The technology company reported $0.13 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.13. The firm had revenue of $3.06 billion for the quarter, compared to analyst estimates of $3.04 billion. Infosys had a return on equity of 25.41% and a net margin of 18.62%. During the same period last year, the company earned $0.13 EPS. On average, equities research analysts anticipate that Infosys Ltd will post 0.55 earnings per share for the current year.

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Infosys Company Profile

Infosys Limited, together with its subsidiaries, provides consulting, technology, and outsourcing services in North America, Europe, India, and internationally. It provides business information technology services, including application development and maintenance, independent validation, infrastructure management, and business process management services, as well as engineering services, such as engineering and life cycle solutions; and consulting and systems integration services comprising consulting, enterprise solutions, systems integration, and advanced technologies.

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Institutional Ownership by Quarter for Infosys (NYSE:INFY)

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