Fisher Asset Management LLC Grows Stock Position in Infosys Limited (NYSE:INFY)

Fisher Asset Management LLC grew its stake in Infosys Limited (NYSE:INFY - Free Report) by 0.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 14,517,359 shares of the technology company's stock after buying an additional 102,341 shares during the quarter. Fisher Asset Management LLC owned 0.35% of Infosys worth $318,221,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Sierra Ocean LLC acquired a new position in Infosys in the fourth quarter valued at approximately $29,000. Mizuho Securities Co. Ltd. acquired a new position in shares of Infosys in the 3rd quarter valued at $33,000. Brooklyn Investment Group purchased a new stake in Infosys during the fourth quarter worth $52,000. Wilmington Savings Fund Society FSB acquired a new stake in Infosys during the third quarter valued at $57,000. Finally, GAMMA Investing LLC increased its holdings in 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 buying an additional 560 shares in the last quarter. Hedge funds and other institutional investors own 16.20% of the company's stock.

Infosys Price Performance

INFY traded down $0.13 on Monday, reaching $19.98. 5,396,998 shares of the company's stock were exchanged, compared to its average volume of 10,022,240. The stock has a market cap of $82.74 billion, a PE ratio of 25.30, a P/E/G ratio of 3.50 and a beta of 1.00. Infosys Limited has a twelve month low of $16.04 and a twelve month high of $23.63. The stock's fifty day moving average price is $21.88 and its 200-day moving average price is $22.28.

Infosys (NYSE:INFY - Get Free Report) last posted its quarterly earnings results on Thursday, January 16th. The technology company reported $0.19 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.19. Infosys had a return on equity of 31.60% and a net margin of 17.28%. During the same period last year, the firm earned $0.18 earnings per share. As a group, research analysts predict that Infosys Limited will post 0.74 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on INFY shares. HSBC raised shares of Infosys from a "hold" rating to a "buy" rating in a research note on Monday, December 9th. Hsbc Global Res upgraded shares of Infosys from a "hold" rating to a "strong-buy" rating in a research report on Monday, December 9th. Guggenheim reiterated a "neutral" rating on shares of Infosys in a research report on Friday, January 17th. Finally, StockNews.com raised shares of Infosys from a "hold" rating to a "buy" rating in a research note on Wednesday, January 22nd. Two analysts have rated the stock with a sell rating, three have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $20.22.

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.