abrdn plc Increases Stock Holdings in Infosys Limited (NYSE:INFY)

abrdn plc grew its holdings in shares of Infosys Limited (NYSE:INFY - Free Report) by 6.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 340,764 shares of the technology company's stock after purchasing an additional 19,537 shares during the quarter. abrdn plc's holdings in Infosys were worth $7,475,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Mizuho Securities Co. Ltd. purchased a new position in shares of Infosys during the 3rd quarter worth $33,000. Brooklyn Investment Group purchased a new stake in Infosys in the 4th quarter valued at about $52,000. Wilmington Savings Fund Society FSB purchased a new stake in Infosys in the 3rd quarter valued at about $57,000. Whittier Trust Co. of Nevada Inc. raised its holdings in Infosys by 25.3% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 3,795 shares of the technology company's stock valued at $85,000 after buying an additional 766 shares during the period. Finally, GAMMA Investing LLC raised its holdings in Infosys by 34.3% in the 3rd quarter. GAMMA Investing LLC now owns 3,936 shares of the technology company's stock valued at $88,000 after buying an additional 1,005 shares during the period. Hedge funds and other institutional investors own 16.20% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on INFY shares. Guggenheim restated a "neutral" rating on shares of Infosys in a report on Friday, January 17th. BMO Capital Markets increased their price target on shares of Infosys from $23.00 to $25.00 and gave the stock a "market perform" rating in a research report on Friday, October 18th. HSBC raised shares of Infosys from a "hold" rating to a "buy" rating in a research report on Monday, December 9th. StockNews.com raised shares of Infosys from a "hold" rating to a "buy" rating in a research report on Wednesday, January 22nd. Finally, Hsbc Global Res raised shares of Infosys from a "hold" rating to a "strong-buy" rating in a research report on Monday, December 9th. Two research analysts have rated the stock with a sell rating, three have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $20.22.

Infosys Price Performance

Shares of INFY stock traded down $0.22 during trading hours on Wednesday, reaching $21.75. 5,914,171 shares of the stock were exchanged, compared to its average volume of 9,764,952. The business's fifty day moving average is $22.39 and its two-hundred day moving average is $22.33. Infosys Limited has a 12-month low of $16.04 and a 12-month high of $23.63. The firm has a market capitalization of $90.09 billion, a P/E ratio of 27.53, a P/E/G ratio of 3.64 and a beta of 1.00.

Infosys (NYSE:INFY - Get Free Report) last announced its quarterly earnings results on Thursday, January 16th. The technology company reported $0.19 EPS for the quarter, meeting the consensus estimate of $0.19. Infosys had a net margin of 17.28% and a return on equity of 31.60%. During the same period last year, the company earned $0.18 EPS. As a group, equities research analysts predict 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.