Assetmark Inc. Boosts Stake in Infosys Limited (NYSE:INFY)

Assetmark Inc. increased its holdings in shares of Infosys Limited (NYSE:INFY - Free Report) by 99.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 51,678 shares of the technology company's stock after acquiring an additional 25,715 shares during the quarter. Assetmark Inc.'s holdings in Infosys were worth $1,133,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Crossmark Global Holdings Inc. grew its holdings in Infosys by 41.1% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 223,907 shares of the technology company's stock valued at $4,986,000 after buying an additional 65,189 shares in the last quarter. Baillie Gifford & Co. grew its holdings in shares of Infosys by 4.6% in the third quarter. Baillie Gifford & Co. now owns 3,089,058 shares of the technology company's stock valued at $68,793,000 after purchasing an additional 135,911 shares during the period. Victory Capital Management Inc. increased its position in Infosys by 6,071.1% during the third quarter. Victory Capital Management Inc. now owns 4,739,830 shares of the technology company's stock worth $105,556,000 after purchasing an additional 4,663,023 shares during the last quarter. Empower Advisory Group LLC raised its stake in Infosys by 23.4% during the third quarter. Empower Advisory Group LLC now owns 20,120 shares of the technology company's stock worth $448,000 after purchasing an additional 3,820 shares during the period. Finally, D Orazio & Associates Inc. boosted its holdings in Infosys by 9.1% in the 3rd quarter. D Orazio & Associates Inc. now owns 16,068 shares of the technology company's stock valued at $358,000 after purchasing an additional 1,344 shares during the last quarter. Hedge funds and other institutional investors own 16.20% of the company's stock.

Infosys Price Performance

Shares of NYSE:INFY opened at $18.99 on Wednesday. The firm has a market capitalization of $78.67 billion, a PE ratio of 24.04, a price-to-earnings-growth ratio of 3.50 and a beta of 1.01. Infosys Limited has a 1 year low of $16.04 and a 1 year high of $23.63. The firm's 50-day moving average is $21.49 and its two-hundred day moving average is $22.15.

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Infosys (NYSE:INFY - Get Free Report) last announced its quarterly earnings data on Thursday, January 16th. The technology company reported $0.19 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.19. Infosys had a return on equity of 31.60% and a net margin of 17.28%. During the same period in the previous year, the company earned $0.18 EPS. Analysts expect that Infosys Limited will post 0.74 EPS for the current fiscal year.

Analysts Set New Price Targets

INFY has been the topic of several analyst reports. HSBC raised shares of Infosys from a "hold" rating to a "buy" rating in a research report on Monday, December 9th. CLSA raised Infosys from a "hold" rating to an "outperform" rating in a research note on Friday, March 7th. Hsbc Global Res raised Infosys from a "hold" rating to a "strong-buy" rating in a research report on Monday, December 9th. StockNews.com cut shares of Infosys from a "buy" rating to a "hold" rating in a research report on Monday. Finally, Guggenheim reiterated a "neutral" rating on shares of Infosys in a research report on Friday, January 17th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $20.22.

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.

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