Mercer Global Advisors Inc. ADV Purchases 10,863 Shares of Infosys Limited (NYSE:INFY)

Mercer Global Advisors Inc. ADV raised its position in shares of Infosys Limited (NYSE:INFY) by 48.2% during the 4th quarter, HoldingsChannel.com reports. The fund owned 33,415 shares of the technology company’s stock after acquiring an additional 10,863 shares during the period. Mercer Global Advisors Inc. ADV’s holdings in Infosys were worth $732,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of INFY. AQR Capital Management LLC boosted its position in Infosys by 270.9% during the 4th quarter. AQR Capital Management LLC now owns 9,164,085 shares of the technology company’s stock valued at $200,877,000 after acquiring an additional 6,693,127 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its position in Infosys by 118.8% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 7,912,259 shares of the technology company’s stock valued at $173,437,000 after acquiring an additional 4,296,291 shares in the last quarter. First Trust Advisors LP boosted its position in Infosys by 14.5% during the 4th quarter. First Trust Advisors LP now owns 32,410,108 shares of the technology company’s stock valued at $710,430,000 after acquiring an additional 4,108,903 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich boosted its position in Infosys by 1,668.3% during the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 3,228,211 shares of the technology company’s stock valued at $75,470,000 after acquiring an additional 3,045,656 shares in the last quarter. Finally, Northern Trust Corp boosted its position in Infosys by 92.2% during the 4th quarter. Northern Trust Corp now owns 3,565,697 shares of the technology company’s stock valued at $78,160,000 after acquiring an additional 1,710,906 shares in the last quarter. 16.20% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on INFY shares. Investec raised Infosys from a “sell” rating to a “buy” rating in a research report on Friday, April 18th. BMO Capital Markets dropped their price target on Infosys from $25.00 to $18.00 and set a “market perform” rating on the stock in a research report on Monday, April 21st. The Goldman Sachs Group cut Infosys from a “buy” rating to a “neutral” rating and set a $17.90 price target 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 report on Friday, March 7th. Finally, Stifel Nicolaus dropped their price target on Infosys from $18.00 to $17.00 and set a “hold” rating on the stock in a research report on Monday, April 21st. Seven equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $17.48.

Infosys Stock Down 0.1%

Shares of NYSE INFY opened at $17.48 on Monday. Infosys Limited has a twelve month low of $15.82 and a twelve month high of $23.63. The firm has a market cap of $72.40 billion, a P/E ratio of 22.13, a PEG ratio of 3.50 and a beta of 0.98. The company has a 50 day moving average of $17.81 and a 200 day moving average of $20.53.

Infosys (NYSE:INFY) last announced its quarterly earnings data on Thursday, April 17th. The technology company reported $0.20 earnings per share for the quarter, topping 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 company had revenue of $4.79 billion during the quarter, compared to analyst estimates of $420.69 billion. During the same period in the previous year, the business earned $0.23 EPS. As a group, equities analysts expect 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.