Infosys Limited (NYSE:INFY) Position Boosted by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. grew its holdings in shares of Infosys Limited (NYSE:INFY - Free Report) by 14.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 721,304 shares of the technology company's stock after purchasing an additional 91,601 shares during the quarter. Envestnet Asset Management Inc.'s holdings in Infosys were worth $15,811,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Grantham Mayo Van Otterloo & Co. LLC boosted its stake in Infosys by 69.6% in the 4th quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 212,233 shares of the technology company's stock worth $4,652,000 after buying an additional 87,115 shares during the last quarter. Ovata Capital Management Ltd lifted its holdings in shares of Infosys by 1.5% during the 4th quarter. Ovata Capital Management Ltd now owns 599,039 shares of the technology company's stock valued at $13,131,000 after acquiring an additional 8,975 shares in the last quarter. Integrated Quantitative Investments LLC purchased a new stake in shares of Infosys in the fourth quarter worth about $2,416,000. Massachusetts Financial Services Co. MA grew its position in Infosys by 4.7% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,725,418 shares of the technology company's stock valued at $37,821,000 after acquiring an additional 77,426 shares in the last quarter. Finally, National Bank of Canada FI grew its holdings in Infosys by 7.7% during the 4th quarter. National Bank of Canada FI now owns 62,851 shares of the technology company's stock valued at $1,378,000 after purchasing an additional 4,502 shares in the last quarter. Institutional investors and hedge funds own 16.20% of the company's stock.

Infosys Price Performance

Shares of NYSE:INFY traded down $0.44 during trading on Friday, reaching $16.14. 20,714,101 shares of the company's stock traded hands, compared to its average volume of 9,637,565. The stock has a market capitalization of $66.84 billion, a P/E ratio of 20.43, a price-to-earnings-growth ratio of 3.50 and a beta of 0.97. Infosys Limited has a 12 month low of $15.82 and a 12 month high of $23.63. The company has a 50 day moving average of $18.85 and a 200-day moving average of $21.09.

Infosys (NYSE:INFY - Get Free Report) last posted its earnings results on Thursday, April 17th. The technology company reported $0.20 EPS for the quarter, beating the consensus estimate of $0.19 by $0.01. The company had revenue of $4.79 billion during the quarter, compared to analyst estimates of $420.69 billion. Infosys had a return on equity of 31.60% and a net margin of 17.28%. During the same period in the prior year, the company earned $0.23 earnings per share. Equities research analysts predict that Infosys Limited will post 0.74 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

INFY has been the topic of a number of recent analyst reports. Stifel Nicolaus cut their target price on Infosys from $22.00 to $18.00 and set a "hold" rating on the stock in a research report on Tuesday, April 15th. 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 report on Monday, April 14th. CLSA raised shares of Infosys from a "hold" rating to an "outperform" rating in a report on Friday, March 7th. StockNews.com downgraded shares of Infosys from a "buy" rating to a "hold" rating in a research report on Tuesday, April 15th. Finally, Investec upgraded Infosys from a "sell" rating to a "buy" rating in a research note on Friday. Six equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Infosys presently has an average rating of "Moderate Buy" and an average target price of $20.00.

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.