Aikya Investment Management Ltd raised its position in shares of Infosys Limited (NYSE:INFY - Free Report) by 16.2% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 994,198 shares of the technology company's stock after buying an additional 138,251 shares during the quarter. Infosys comprises about 9.1% of Aikya Investment Management Ltd's investment portfolio, making the stock its 3rd largest holding. Aikya Investment Management Ltd's holdings in Infosys were worth $21,793,000 at the end of the most recent reporting period.
A number of other institutional investors have also modified their holdings of the company. BHK Investment Advisors LLC grew its stake in Infosys by 2.3% during the 4th quarter. BHK Investment Advisors LLC now owns 22,785 shares of the technology company's stock worth $499,000 after buying an additional 507 shares during the last quarter. Outlook Wealth Advisors LLC grew its stake in shares of Infosys by 2.8% during the fourth quarter. Outlook Wealth Advisors LLC now owns 18,405 shares of the technology company's stock worth $403,000 after acquiring an additional 508 shares during the last quarter. Canopy Partners LLC raised its position in shares of Infosys by 3.1% in the 3rd quarter. Canopy Partners LLC now owns 17,129 shares of the technology company's stock valued at $381,000 after purchasing an additional 522 shares during the last quarter. GAMMA Investing LLC boosted its stake in 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 purchasing an additional 560 shares in the last quarter. Finally, Flagship Harbor Advisors LLC grew its position in Infosys by 6.2% during the 4th quarter. Flagship Harbor Advisors LLC now owns 11,026 shares of the technology company's stock worth $242,000 after purchasing an additional 641 shares during the last quarter. 16.20% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
Several equities research analysts have recently commented on INFY shares. StockNews.com downgraded shares of Infosys from a "buy" rating to a "hold" rating in a research note on Thursday, March 20th. Hsbc Global Res upgraded Infosys from a "hold" rating to a "strong-buy" rating in a research note on Monday, December 9th. CLSA upgraded Infosys from a "hold" rating to an "outperform" rating in a research note on Friday, March 7th. HSBC upgraded Infosys from a "hold" rating to a "buy" rating in a research report on Monday, December 9th. Finally, Guggenheim reissued a "neutral" rating on shares of Infosys in a research report on Friday, January 17th. Two research analysts have rated the stock with a sell rating, four have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Infosys has an average rating of "Hold" and an average target price of $19.70.
Get Our Latest Analysis on Infosys
Infosys Price Performance
NYSE:INFY traded up $0.27 during trading hours on Tuesday, reaching $18.86. The company had a trading volume of 11,605,329 shares, compared to its average volume of 9,355,374. The firm has a market cap of $78.12 billion, a PE ratio of 23.87, a price-to-earnings-growth ratio of 3.50 and a beta of 1.01. Infosys Limited has a 1-year low of $16.04 and a 1-year high of $23.81. The business's 50 day moving average price is $20.73 and its 200-day moving average price is $21.86.
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 net margin of 17.28% and a return on equity of 31.60%. During the same period in the previous year, the company posted $0.18 earnings per share. On average, analysts expect that Infosys Limited will post 0.74 earnings per share for the current fiscal year.
Infosys Profile
(
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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