Generali Investments CEE investicni spolecnost a.s. purchased a new stake in Infosys Limited (NYSE:INFY - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 269,200 shares of the technology company's stock, valued at approximately $5,901,000.
Several other institutional investors and hedge funds have also recently modified their holdings of the business. QRG Capital Management Inc. increased its position in shares of Infosys by 32.5% during the 3rd quarter. QRG Capital Management Inc. now owns 52,946 shares of the technology company's stock valued at $1,179,000 after purchasing an additional 12,991 shares during the last quarter. Advisor Resource Council bought a new position in shares of Infosys during the 3rd quarter valued at about $202,000. Summit Global Investments increased its position in shares of Infosys by 29.9% during the 3rd quarter. Summit Global Investments now owns 127,655 shares of the technology company's stock valued at $2,843,000 after purchasing an additional 29,375 shares during the last quarter. Assetmark Inc. increased its position in shares of Infosys by 37.4% during the 3rd quarter. Assetmark Inc. now owns 25,963 shares of the technology company's stock valued at $578,000 after purchasing an additional 7,066 shares during the last quarter. Finally, Crossmark Global Holdings Inc. increased its position in shares of Infosys by 41.1% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 223,907 shares of the technology company's stock valued at $4,986,000 after purchasing an additional 65,189 shares during the last quarter. Hedge funds and other institutional investors own 16.20% of the company's stock.
Infosys Stock Up 0.4 %
Shares of INFY traded up $0.09 during mid-day trading on Friday, hitting $19.84. 15,923,229 shares of the company's stock traded hands, compared to its average volume of 10,433,234. Infosys Limited has a 1 year low of $16.04 and a 1 year high of $23.63. The firm has a market capitalization of $82.17 billion, a P/E ratio of 25.11, a PEG ratio of 3.50 and a beta of 1.01. The business's 50-day moving average price is $21.60 and its 200-day moving average price is $22.20.
Infosys (NYSE:INFY - Get Free Report) last posted its earnings results on Thursday, January 16th. The technology company reported $0.19 earnings per share (EPS) for the quarter, meeting 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 firm earned $0.18 EPS. Sell-side analysts anticipate that Infosys Limited will post 0.74 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
Several equities analysts have recently commented on INFY shares. HSBC upgraded Infosys from a "hold" rating to a "buy" rating in a research report on Monday, December 9th. Guggenheim restated a "neutral" rating on shares of Infosys in a research report on Friday, January 17th. Hsbc Global Res upgraded Infosys from a "hold" rating to a "strong-buy" rating in a research report on Monday, December 9th. CLSA upgraded Infosys from a "hold" rating to an "outperform" rating in a research report on Friday. Finally, StockNews.com upgraded Infosys from a "hold" rating to a "buy" rating in a research report on Wednesday, January 22nd. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $20.22.
Check Out Our Latest Stock Analysis on INFY
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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