Bessemer Group Inc. raised its position in Infosys Limited (NYSE:INFY - Free Report) by 11.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 540,618 shares of the technology company's stock after purchasing an additional 54,842 shares during the period. Bessemer Group Inc.'s holdings in Infosys were worth $11,851,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Arrowstreet Capital Limited Partnership raised its position in shares of Infosys by 118.8% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 7,912,259 shares of the technology company's stock worth $173,437,000 after buying an additional 4,296,291 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich boosted its position in Infosys by 1,668.3% during the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 3,228,211 shares of the technology company's stock worth $75,470,000 after purchasing an additional 3,045,656 shares during the period. Robeco Institutional Asset Management B.V. grew its position in Infosys by 6.2% in 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 purchasing an additional 1,501,039 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in Infosys by 1,606.5% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,454,437 shares of the technology company's stock worth $32,143,000 after purchasing an additional 1,369,210 shares in the last quarter. Finally, American Century Companies Inc. boosted its stake in Infosys by 31.3% in the fourth quarter. American Century Companies Inc. now owns 4,603,993 shares of the technology company's stock worth $100,920,000 after purchasing an additional 1,097,105 shares in the last quarter. Hedge funds and other institutional investors own 16.20% of the company's stock.
Wall Street Analysts Forecast Growth
INFY has been the subject of a number of research analyst reports. CLSA raised Infosys from a "hold" rating to an "outperform" rating in a research note on Friday, March 7th. Guggenheim reiterated a "neutral" rating on shares of Infosys in a research note on Friday, January 17th. Stifel Nicolaus reduced their price objective on Infosys from $22.00 to $18.00 and set a "hold" rating on the stock in a research report on Tuesday. Susquehanna raised shares of Infosys from a "negative" rating to a "neutral" rating and set a $17.00 price target on the stock in a research report on Monday. Finally, StockNews.com downgraded Infosys from a "buy" rating to a "hold" rating in a research note on Tuesday. One analyst has rated the stock with a sell rating, six have issued a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Infosys currently has a consensus rating of "Hold" and a consensus price target of $20.03.
View Our Latest Stock Analysis on Infosys
Infosys Stock Down 1.9 %
Infosys stock traded down $0.32 during mid-day trading on Wednesday, reaching $16.71. 8,097,792 shares of the company's stock traded hands, compared to its average volume of 9,698,918. The company has a market cap of $69.21 billion, a price-to-earnings ratio of 21.15, a PEG ratio of 3.50 and a beta of 0.97. The stock has a 50 day moving average of $19.19 and a two-hundred day moving average of $21.22. Infosys Limited has a 12-month low of $16.04 and a 12-month high of $23.63.
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 for the quarter, meeting analysts' consensus estimates of $0.19. Infosys had a net margin of 17.28% and a return on equity of 31.60%. During the same quarter last year, the firm earned $0.18 EPS. As a group, sell-side analysts forecast that Infosys Limited will post 0.74 earnings per share for the current year.
Infosys Profile
(
Free Report)
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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