Grantham Mayo Van Otterloo & Co. LLC Boosts Holdings in Infosys Limited (NYSE:INFY)

Grantham Mayo Van Otterloo & Co. LLC raised its position in shares of Infosys Limited (NYSE:INFY - Free Report) by 69.6% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 212,233 shares of the technology company's stock after buying an additional 87,115 shares during the period. Grantham Mayo Van Otterloo & Co. LLC's holdings in Infosys were worth $4,652,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Sierra Ocean LLC bought a new position in shares of Infosys in the 4th quarter worth approximately $29,000. Brooklyn Investment Group purchased a new stake in Infosys in the fourth quarter worth $52,000. Wilmington Savings Fund Society FSB bought a new position in Infosys in the third quarter worth $57,000. Farther Finance Advisors LLC lifted its position in Infosys by 69.7% during the fourth quarter. Farther Finance Advisors LLC now owns 3,115 shares of the technology company's stock valued at $68,000 after buying an additional 1,279 shares during the period. Finally, GAMMA Investing LLC boosted its holdings in shares of Infosys by 14.2% during the 4th 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. Institutional investors own 16.20% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. StockNews.com raised shares of Infosys from a "hold" rating to a "buy" rating in a research note on Monday, April 7th. CLSA upgraded Infosys from a "hold" rating to an "outperform" rating in a report on Friday, March 7th. Finally, Guggenheim reiterated a "neutral" rating on shares of Infosys in a research note on Friday, January 17th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $19.70.

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Infosys Stock Down 0.7 %

INFY traded down $0.13 during midday trading on Friday, hitting $16.86. 15,133,426 shares of the company traded hands, compared to its average volume of 9,672,555. The company's 50-day moving average is $19.40 and its 200 day moving average is $21.30. The firm has a market capitalization of $69.81 billion, a PE ratio of 21.34, a price-to-earnings-growth ratio of 3.50 and a beta of 0.97. Infosys Limited has a 52 week low of $16.04 and a 52 week high of $23.63.

Infosys (NYSE:INFY - Get Free Report) last issued its earnings results on Thursday, January 16th. The technology company reported $0.19 earnings per share (EPS) for the quarter, hitting 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 in the previous year, the company earned $0.18 EPS. On average, sell-side analysts predict that Infosys Limited will post 0.74 earnings per share for the current fiscal year.

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.