Haven Global Partners LLC Purchases Shares of 186,028 Infosys Limited (NYSE:INFY)

Haven Global Partners LLC bought a new position in shares of Infosys Limited (NYSE:INFY - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 186,028 shares of the technology company's stock, valued at approximately $4,078,000. Infosys comprises approximately 3.8% of Haven Global Partners LLC's portfolio, making the stock its 8th biggest holding.

Other hedge funds and other institutional investors have also modified their holdings of the company. Bank of Montreal Can grew its stake in Infosys by 333.5% in the second quarter. Bank of Montreal Can now owns 90,597 shares of the technology company's stock worth $1,687,000 after purchasing an additional 69,697 shares in the last quarter. Creative Planning boosted its stake in Infosys by 40.1% in the second quarter. Creative Planning now owns 317,218 shares of the technology company's stock valued at $5,907,000 after acquiring an additional 90,781 shares during the period. Northwestern Mutual Wealth Management Co. boosted its stake in Infosys by 10.6% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 54,158 shares of the technology company's stock valued at $1,008,000 after acquiring an additional 5,174 shares during the period. Cetera Investment Advisers boosted its stake in Infosys by 12.8% in the second quarter. Cetera Investment Advisers now owns 67,625 shares of the technology company's stock valued at $1,259,000 after acquiring an additional 7,662 shares during the period. Finally, Sanctuary Advisors LLC acquired a new position in shares of Infosys during the second quarter worth approximately $309,000. 16.20% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Guggenheim reissued a "neutral" rating on shares of Infosys in a report on Friday, January 17th. BMO Capital Markets upped their price target on Infosys from $23.00 to $25.00 and gave the company a "market perform" rating in a report on Friday, October 18th. Hsbc Global Res upgraded shares of Infosys from a "hold" rating to a "strong-buy" rating in a research report on Monday, December 9th. HSBC upgraded shares of Infosys from a "hold" rating to a "buy" rating in a research report on Monday, December 9th. Finally, StockNews.com upgraded shares of Infosys from a "hold" rating to a "buy" rating in a research report on Wednesday, January 22nd. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, Infosys has a consensus rating of "Hold" and a consensus target price of $20.22.

Infosys Price Performance

Shares of NYSE INFY traded down $0.12 during mid-day trading on Wednesday, hitting $22.27. The company had a trading volume of 7,298,750 shares, compared to its average volume of 9,904,333. The firm has a market cap of $92.22 billion, a P/E ratio of 28.18, a PEG ratio of 3.60 and a beta of 1.00. Infosys Limited has a 12 month low of $16.04 and a 12 month high of $23.63. The business's 50-day simple moving average is $22.42 and its 200-day simple moving average is $22.33.

Infosys (NYSE:INFY - Get Free Report) last posted its quarterly earnings data on Thursday, January 16th. The technology company reported $0.19 earnings per share 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 quarter last year, the business earned $0.18 earnings per share. As a group, sell-side analysts predict that Infosys Limited will post 0.74 EPS for the current year.

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.