Infosys Limited (NYSE:INFY) Stake Boosted by Focus Partners Wealth

Focus Partners Wealth increased its stake in Infosys Limited (NYSE:INFY) by 15.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,878 shares of the technology company’s stock after purchasing an additional 2,884 shares during the quarter. Focus Partners Wealth’s holdings in Infosys were worth $482,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the stock. First Trust Advisors LP increased its stake in Infosys by 14.5% in the 4th quarter. First Trust Advisors LP now owns 32,410,108 shares of the technology company’s stock worth $710,430,000 after purchasing an additional 4,108,903 shares in the last quarter. Robeco Institutional Asset Management B.V. grew its stake in Infosys by 6.2% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 25,841,022 shares of the technology company’s stock valued at $566,435,000 after acquiring an additional 1,501,039 shares in the last quarter. Fisher Asset Management LLC grew its stake in Infosys by 0.7% during the 4th quarter. Fisher Asset Management LLC now owns 14,517,359 shares of the technology company’s stock valued at $318,221,000 after acquiring an additional 102,341 shares in the last quarter. Franklin Resources Inc. grew its stake in Infosys by 2.0% during the 4th quarter. Franklin Resources Inc. now owns 11,501,533 shares of the technology company’s stock valued at $252,114,000 after acquiring an additional 229,482 shares in the last quarter. Finally, AQR Capital Management LLC grew its stake 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. Hedge funds and other institutional investors own 16.20% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have weighed in on INFY shares. Investec raised Infosys from a “sell” rating to a “buy” rating in a research note on Friday, April 18th. BMO Capital Markets lowered their target price on Infosys from $25.00 to $18.00 and set a “market perform” rating on the stock in a research note on Monday, April 21st. StockNews.com raised Infosys from a “hold” rating to a “buy” rating in a research note on Friday, May 16th. CLSA raised Infosys from a “hold” rating to an “outperform” rating in a research note on Friday, March 7th. Finally, Susquehanna raised Infosys from a “negative” rating to a “neutral” rating and set a $17.00 price target for the company in a research note on Monday, April 14th. Six equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Infosys currently has a consensus rating of “Moderate Buy” and an average price target of $17.48.

Infosys Stock Performance

INFY opened at $18.24 on Wednesday. The business has a 50 day moving average price of $17.69 and a 200 day moving average price of $20.39. 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 $75.55 billion, a P/E ratio of 23.09, a price-to-earnings-growth 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 EPS 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 during the quarter, compared to analyst estimates of $420.69 billion. During the same period in the previous year, the company earned $0.23 earnings per share. As a group, analysts anticipate that Infosys Limited will post 0.74 earnings per share 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.