First Trust Advisors LP Raises Stake in Infosys Limited (NYSE:INFY)

First Trust Advisors LP lifted its holdings in Infosys Limited (NYSE:INFY - Free Report) by 14.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 32,410,108 shares of the technology company's stock after acquiring an additional 4,108,903 shares during the quarter. Infosys accounts for about 0.6% of First Trust Advisors LP's holdings, making the stock its 16th biggest holding. First Trust Advisors LP owned approximately 0.78% of Infosys worth $710,430,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in INFY. Sierra Ocean LLC bought a new position in shares of Infosys in the fourth quarter worth approximately $29,000. Brooklyn Investment Group purchased a new stake in shares of Infosys during the fourth quarter worth about $52,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Infosys in the third quarter worth about $57,000. Farther Finance Advisors LLC raised its position in Infosys by 69.7% during the 4th quarter. Farther Finance Advisors LLC now owns 3,115 shares of the technology company's stock valued at $68,000 after purchasing an additional 1,279 shares during the last quarter. Finally, GAMMA Investing LLC grew its position in shares of Infosys by 14.2% in the 4th quarter. GAMMA Investing LLC now owns 4,496 shares of the technology company's stock worth $99,000 after buying an additional 560 shares during the last quarter. Institutional investors own 16.20% of the company's stock.

Infosys Price Performance

NYSE:INFY opened at $16.14 on Friday. The firm has a market capitalization of $66.84 billion, a P/E ratio of 20.43, a PEG ratio of 3.50 and a beta of 0.97. Infosys Limited has a one year low of $15.82 and a one year high of $23.63. The company's 50-day simple moving average is $18.85 and its 200 day simple moving average is $21.10.

Infosys (NYSE:INFY - Get Free Report) last issued its quarterly earnings results on Thursday, April 17th. The technology company reported $0.20 EPS for the quarter, topping analysts' consensus estimates of $0.19 by $0.01. Infosys had a return on equity of 31.60% and a net margin of 17.28%. The firm had revenue of $4.79 billion for the quarter, compared to analysts' expectations of $420.69 billion. During the same period in the previous year, the firm posted $0.23 EPS. On average, equities research analysts expect that Infosys Limited will post 0.74 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently commented on INFY shares. Investec upgraded Infosys from a "sell" rating to a "buy" rating in a report on Friday. Stifel Nicolaus decreased their price objective on shares of Infosys from $22.00 to $18.00 and set a "hold" rating for the company in a report on Tuesday. Susquehanna raised shares of Infosys from a "negative" rating to a "neutral" rating and set a $17.00 target price on the stock in a research note on Monday, April 14th. StockNews.com downgraded shares of Infosys from a "buy" rating to a "hold" rating in a research note on Tuesday. Finally, CLSA raised Infosys from a "hold" rating to an "outperform" rating in a research report on Friday, March 7th. Six equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $20.03.

About Infosys

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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