Infosys Limited (NYSE:INFY) Shares Acquired by OMERS ADMINISTRATION Corp

OMERS ADMINISTRATION Corp increased its stake in Infosys Limited (NYSE:INFY) by 88.3% in the fourth quarter, HoldingsChannel.com reports. The firm owned 166,374 shares of the technology company’s stock after acquiring an additional 77,995 shares during the quarter. OMERS ADMINISTRATION Corp’s holdings in Infosys were worth $3,647,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Barclays PLC increased its position in shares of Infosys by 11.8% in the third quarter. Barclays PLC now owns 2,523,605 shares of the technology company’s stock valued at $56,200,000 after buying an additional 266,902 shares in the last quarter. Aprio Wealth Management LLC purchased a new stake in shares of Infosys in the 4th quarter worth about $232,000. Claro Advisors LLC acquired a new stake in Infosys in the 4th quarter valued at about $243,000. Kathmere Capital Management LLC increased its holdings in Infosys by 6.9% during the 4th quarter. Kathmere Capital Management LLC now owns 51,652 shares of the technology company’s stock valued at $1,132,000 after acquiring an additional 3,324 shares in the last quarter. Finally, Park Avenue Securities LLC purchased a new position in Infosys during the 4th quarter valued at about $237,000. Hedge funds and other institutional investors own 16.20% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on INFY shares. The Goldman Sachs Group downgraded shares of Infosys from a “buy” rating to a “neutral” rating and set a $17.90 price target on the stock. in a report on Monday, April 21st. Stifel Nicolaus lowered their target price on Infosys from $18.00 to $17.00 and set a “hold” rating on the stock in a report on Monday, April 21st. Investec raised Infosys from a “sell” rating to a “buy” rating in a research report on Friday, April 18th. CLSA raised Infosys from a “hold” rating to an “outperform” rating in a report on Friday, March 7th. Finally, Guggenheim reaffirmed a “neutral” rating on shares of Infosys in a research note on Friday, January 17th. Seven investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $17.48.

Infosys Stock Performance

Shares of INFY opened at $18.39 on Wednesday. Infosys Limited has a 1 year low of $15.82 and a 1 year high of $23.63. The company’s 50 day simple moving average is $17.76 and its 200 day simple moving average is $20.50. The company has a market capitalization of $76.17 billion, a price-to-earnings ratio of 23.28, a PEG ratio of 3.50 and a beta of 0.98.

Infosys (NYSE:INFY) last issued its quarterly earnings results 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 return on equity of 31.60% and a net margin of 17.28%. The company had revenue of $4.79 billion for the quarter, compared to analyst estimates of $420.69 billion. During the same quarter in the prior year, the company posted $0.23 EPS. Equities analysts expect that Infosys Limited will post 0.74 EPS for the current fiscal year.

Infosys Profile

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.