Dorsey Wright & Associates purchased a new stake in shares of Infosys Limited (NYSE:INFY - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 113,637 shares of the technology company's stock, valued at approximately $2,491,000.
Other institutional investors also recently bought and sold shares of the company. Robeco Institutional Asset Management B.V. raised its position 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 valued at $566,435,000 after buying an additional 1,501,039 shares during the period. Fisher Asset Management LLC raised its stake in shares of Infosys by 0.7% in the fourth quarter. Fisher Asset Management LLC now owns 14,517,359 shares of the technology company's stock valued at $318,221,000 after acquiring an additional 102,341 shares in the last quarter. Franklin Resources Inc. boosted its holdings in Infosys by 2.9% in the third quarter. Franklin Resources Inc. now owns 11,272,051 shares of the technology company's stock valued at $263,315,000 after purchasing an additional 322,648 shares during the period. Arrowstreet Capital Limited Partnership grew its stake in 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 purchasing an additional 4,296,291 shares in the last quarter. Finally, American Century Companies Inc. boosted its stake in shares of Infosys by 31.3% in the 4th quarter. American Century Companies Inc. now owns 4,603,993 shares of the technology company's stock valued at $100,920,000 after buying an additional 1,097,105 shares during the period. 16.20% of the stock is owned by hedge funds and other institutional investors.
Infosys Price Performance
Shares of NYSE:INFY traded down $0.95 on Thursday, reaching $17.44. The company's stock had a trading volume of 9,180,160 shares, compared to its average volume of 9,437,556. Infosys Limited has a 52-week low of $16.04 and a 52-week high of $23.63. The stock's 50-day moving average is $20.27 and its two-hundred day moving average is $21.65. The stock has a market capitalization of $72.24 billion, a P/E ratio of 22.08, a PEG ratio of 3.50 and a beta of 1.01.
Infosys (NYSE:INFY - Get Free Report) last released its earnings results on Thursday, January 16th. The technology company reported $0.19 earnings per share (EPS) for the quarter, hitting 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 quarter in the previous year, the business posted $0.18 EPS. Equities analysts forecast that Infosys Limited will post 0.74 earnings per share for the current fiscal year.
Analyst Ratings Changes
A number of analysts recently weighed in on the stock. HSBC upgraded shares of Infosys from a "hold" rating to a "buy" rating in a research note on Monday, December 9th. Guggenheim restated a "neutral" rating on shares of Infosys in a report on Friday, January 17th. Hsbc Global Res upgraded Infosys from a "hold" rating to a "strong-buy" rating in a research note on Monday, December 9th. CLSA raised Infosys from a "hold" rating to an "outperform" rating in a research report on Friday, March 7th. Finally, StockNews.com lowered Infosys from a "buy" rating to a "hold" rating in a research report on Thursday, March 20th. 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 assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $19.70.
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About Infosys
(
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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