Erste Asset Management GmbH boosted its stake in shares of Infosys Limited (NYSE:INFY - Free Report) by 6.9% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 513,000 shares of the technology company's stock after acquiring an additional 33,000 shares during the period. Erste Asset Management GmbH's holdings in Infosys were worth $11,532,000 at the end of the most recent quarter.
A number of other large investors also recently added to or reduced their stakes in INFY. BHK Investment Advisors LLC grew its holdings in shares of Infosys by 2.3% during the fourth quarter. BHK Investment Advisors LLC now owns 22,785 shares of the technology company's stock worth $499,000 after buying an additional 507 shares in the last quarter. Outlook Wealth Advisors LLC grew its holdings in shares of Infosys by 2.8% in the fourth quarter. Outlook Wealth Advisors LLC now owns 18,405 shares of the technology company's stock valued at $403,000 after purchasing an additional 508 shares during the period. Canopy Partners LLC grew its holdings in shares of Infosys by 3.1% in the third quarter. Canopy Partners LLC now owns 17,129 shares of the technology company's stock valued at $381,000 after purchasing an additional 522 shares during the period. GAMMA Investing LLC grew its holdings in shares of Infosys by 14.2% in the fourth quarter. GAMMA Investing LLC now owns 4,496 shares of the technology company's stock valued at $99,000 after purchasing an additional 560 shares during the period. Finally, Flagship Harbor Advisors LLC grew its holdings in shares of Infosys by 6.2% in the fourth quarter. Flagship Harbor Advisors LLC now owns 11,026 shares of the technology company's stock valued at $242,000 after purchasing an additional 641 shares during the period. 16.20% of the stock is currently owned by institutional investors and hedge funds.
Infosys Stock Performance
Shares of INFY traded down $0.13 during mid-day trading on Tuesday, hitting $18.45. 13,069,900 shares of the company's stock were exchanged, compared to its average volume of 9,353,992. The stock's 50-day moving average is $21.16 and its 200-day moving average is $22.03. The company has a market cap of $76.40 billion, a price-to-earnings ratio of 23.35, a P/E/G ratio of 3.50 and a beta of 1.01. Infosys Limited has a fifty-two week low of $16.04 and a fifty-two week high of $23.81.
Infosys (NYSE:INFY - Get Free Report) last announced its quarterly earnings results on Thursday, January 16th. The technology company reported $0.19 EPS for the quarter, meeting the consensus estimate of $0.19. Infosys had a net margin of 17.28% and a return on equity of 31.60%. During the same period last year, the company earned $0.18 EPS. As a group, equities research analysts anticipate that Infosys Limited will post 0.74 EPS for the current year.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently issued reports on the stock. Hsbc Global Res raised shares of Infosys from a "hold" rating to a "strong-buy" rating in a report on Monday, December 9th. CLSA raised shares of Infosys from a "hold" rating to an "outperform" rating in a research note on Friday, March 7th. Guggenheim reaffirmed a "neutral" rating on shares of Infosys in a research note on Friday, January 17th. HSBC raised shares of Infosys from a "hold" rating to a "buy" rating in a research note on Monday, December 9th. Finally, StockNews.com lowered shares of Infosys from a "buy" rating to a "hold" rating in a research note on Monday, March 10th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $19.78.
Read Our Latest Stock Analysis on INFY
Infosys Company 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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