WINTON GROUP Ltd purchased a new position in shares of Infosys Ltd. (NYSE:INFY – Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 181,800 shares of the technology company’s stock, valued at approximately $1,907,000.
A number of other institutional investors also recently made changes to their positions in INFY. Trinity Street Asset Management LLP boosted its stake in shares of Infosys by 45.5% during the first quarter. Trinity Street Asset Management LLP now owns 14,938,546 shares of the technology company’s stock valued at $201,820,000 after acquiring an additional 4,674,742 shares during the last quarter. Lazard Asset Management LLC raised its stake in Infosys by 17.0% in the 1st quarter. Lazard Asset Management LLC now owns 26,776,494 shares of the technology company’s stock valued at $361,750,000 after purchasing an additional 3,893,801 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new position in Infosys in the 2nd quarter valued at about $23,235,000. RWC Asset Advisors US LLC purchased a new position in Infosys in the 2nd quarter valued at about $21,758,000. Finally, Hudson Edge Investment Partners Inc. boosted its stake in shares of Infosys by 56.5% during the 1st quarter. Hudson Edge Investment Partners Inc. now owns 4,452,990 shares of the technology company’s stock worth $60,160,000 after purchasing an additional 1,607,300 shares during the last quarter. 16.20% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently commented on INFY shares. Jefferies Financial Group reiterated a “hold” rating on shares of Infosys in a report on Monday, August 31st. Stifel Nicolaus set a $13.00 target price on shares of Infosys and gave the stock a “hold” rating in a research report on Thursday, July 16th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $10.90 target price (down from $12.70) on shares of Infosys in a research note on Friday, July 24th. CLSA downgraded Infosys from an “outperform” rating to a “hold” rating in a report on Wednesday, August 19th. Finally, Wells Fargo & Company set a $11.00 price target on Infosys and gave the stock an “equal weight” rating in a research note on Friday, June 26th. Nine research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Infosys currently has a consensus rating of “Reduce” and an average target price of $11.59.
Infosys Stock Up 1.6%
Shares of NYSE INFY opened at $11.09 on Friday. The stock has a market capitalization of $44.89 billion, a PE ratio of 13.69, a P/E/G ratio of 2.54 and a beta of 0.87. The firm has a fifty day moving average of $11.73 and a 200-day moving average of $12.43. Infosys Ltd. has a 52-week low of $10.30 and a 52-week high of $30.00.
Infosys (NYSE:INFY – Get Free Report) last issued its earnings results on Thursday, July 23rd. The technology company reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.01). Infosys had a return on equity of 33.91% and a net margin of 16.38%.The firm had revenue of $4.99 billion during the quarter, compared to analysts’ expectations of $5.08 billion. Equities research analysts expect that Infosys Ltd. will post 0.81 EPS for the current fiscal year.
Infosys Company 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. The company was founded by Dinesh Krishnan Swamy, Senapathy Gopalakrishnan, Narayana Ramarao Nagavara Murthy, Raghavan N. S., Ashok Arora, Nandan M. Nilekani, and S. D. Shibulal on July 2, 1981 and is headquartered in Bangalore, India.
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