Allspring Global Investments Holdings LLC Boosts Holdings in Infosys Limited (NYSE:INFY)

Allspring Global Investments Holdings LLC raised its position in shares of Infosys Limited (NYSE:INFY - Free Report) by 1.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,393,557 shares of the technology company's stock after buying an additional 19,440 shares during the quarter. Allspring Global Investments Holdings LLC's holdings in Infosys were worth $31,521,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Mizuho Securities Co. Ltd. bought a new position in shares of Infosys during the third quarter valued at $33,000. Brooklyn Investment Group bought a new position in shares of Infosys during the fourth quarter valued at $52,000. Wilmington Savings Fund Society FSB bought a new position in shares of Infosys during the third quarter valued at $57,000. Whittier Trust Co. of Nevada Inc. increased its holdings in shares of Infosys by 25.3% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 3,795 shares of the technology company's stock valued at $85,000 after acquiring an additional 766 shares in the last quarter. Finally, GAMMA Investing LLC increased its holdings in shares of Infosys by 14.2% during the fourth quarter. GAMMA Investing LLC now owns 4,496 shares of the technology company's stock valued at $99,000 after acquiring an additional 560 shares in the last quarter. 16.20% of the stock is currently owned by institutional investors.

Infosys Stock Down 1.2 %

Shares of Infosys stock traded down $0.26 during trading hours on Tuesday, reaching $21.32. 4,514,386 shares of the stock traded hands, compared to its average volume of 9,505,673. The company has a 50 day moving average price of $22.30 and a 200 day moving average price of $22.31. The firm has a market capitalization of $88.28 billion, a price-to-earnings ratio of 26.97, a P/E/G ratio of 3.64 and a beta of 1.00. Infosys Limited has a one year low of $16.04 and a one year high of $23.63.

Infosys (NYSE:INFY - Get Free Report) last released its quarterly earnings results on Thursday, January 16th. The technology company reported $0.19 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.19. Infosys had a return on equity of 31.60% and a net margin of 17.28%. During the same quarter in the prior year, the company posted $0.18 earnings per share. Sell-side analysts anticipate that Infosys Limited will post 0.74 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Hsbc Global Res upgraded Infosys from a "hold" rating to a "strong-buy" rating in a report on Monday, December 9th. Guggenheim reiterated a "neutral" rating on shares of Infosys in a report on Friday, January 17th. StockNews.com upgraded Infosys from a "hold" rating to a "buy" rating in a report on Wednesday, January 22nd. Finally, HSBC upgraded Infosys from a "hold" rating to a "buy" rating in a report on Monday, December 9th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $20.22.

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.