Bennbridge Ltd Invests $2.33 Million in Infosys Limited (NYSE:INFY)

Bennbridge Ltd purchased a new stake in shares of Infosys Limited (NYSE:INFY - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 106,482 shares of the technology company's stock, valued at approximately $2,334,000. Infosys comprises about 2.4% of Bennbridge Ltd's investment portfolio, making the stock its 6th largest holding.

A number of other hedge funds have also recently bought and sold shares of INFY. Victory Capital Management Inc. lifted its stake in Infosys by 6,071.1% in the 3rd quarter. Victory Capital Management Inc. now owns 4,739,830 shares of the technology company's stock valued at $105,556,000 after purchasing an additional 4,663,023 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich raised its stake in Infosys by 1,668.3% in the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 3,228,211 shares of the technology company's stock valued at $75,470,000 after buying an additional 3,045,656 shares during the period. Public Employees Retirement System of Ohio acquired a new stake in shares of Infosys in the third quarter valued at approximately $36,039,000. Robeco Institutional Asset Management B.V. boosted its stake in shares of 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 worth $566,435,000 after acquiring an additional 1,501,039 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of Infosys by 186.3% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,186,685 shares of the technology company's stock worth $48,697,000 after acquiring an additional 1,422,814 shares during the last quarter. 16.20% of the stock is currently owned by institutional investors.

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Infosys Trading Up 1.0 %

NYSE INFY traded up $0.19 during trading on Monday, reaching $18.59. The company's stock had a trading volume of 10,044,456 shares, compared to its average volume of 9,299,507. The firm has a 50 day moving average price of $21.25 and a 200 day moving average price of $22.06. Infosys Limited has a 12 month low of $16.04 and a 12 month high of $23.81. The firm has a market capitalization of $76.98 billion, a price-to-earnings ratio of 23.53, a price-to-earnings-growth ratio of 3.50 and a beta of 1.01.

Infosys (NYSE:INFY - Get Free Report) last issued its quarterly earnings results 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 earnings per share. On average, equities analysts forecast that Infosys Limited will post 0.74 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. HSBC raised Infosys from a "hold" rating to a "buy" rating in a report on Monday, December 9th. StockNews.com cut shares of Infosys from a "buy" rating to a "hold" rating in a research note on Monday, March 10th. CLSA upgraded shares of Infosys from a "hold" rating to an "outperform" rating in a research note on Friday, March 7th. Hsbc Global Res raised shares of Infosys from a "hold" rating to a "strong-buy" rating in a report on Monday, December 9th. Finally, Guggenheim restated a "neutral" rating on shares of Infosys in a report on Friday, January 17th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $19.78.

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.