Infosys Limited (NYSE:INFY) is New Vernon Capital Holdings II LLC's 4th Largest Position

New Vernon Capital Holdings II LLC lowered its stake in shares of Infosys Limited (NYSE:INFY - Free Report) by 12.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 601,217 shares of the technology company's stock after selling 86,655 shares during the period. Infosys accounts for 7.7% of New Vernon Capital Holdings II LLC's investment portfolio, making the stock its 4th largest position. New Vernon Capital Holdings II LLC's holdings in Infosys were worth $13,179,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. First Trust Advisors LP boosted its stake in Infosys by 14.5% during the fourth quarter. First Trust Advisors LP now owns 32,410,108 shares of the technology company's stock worth $710,430,000 after buying an additional 4,108,903 shares during the period. Robeco Institutional Asset Management B.V. increased its position in shares of Infosys by 6.2% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 25,841,022 shares of the technology company's stock valued at $566,435,000 after acquiring an additional 1,501,039 shares during the last quarter. Fisher Asset Management LLC increased its position in shares of Infosys by 0.7% during the fourth quarter. Fisher Asset Management LLC now owns 14,517,359 shares of the technology company's stock valued at $318,221,000 after acquiring an additional 102,341 shares during the last quarter. Franklin Resources Inc. increased its position in shares of Infosys by 2.0% during the fourth quarter. Franklin Resources Inc. now owns 11,501,533 shares of the technology company's stock valued at $252,114,000 after acquiring an additional 229,482 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its position in shares of Infosys by 118.8% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 7,912,259 shares of the technology company's stock valued at $173,437,000 after acquiring an additional 4,296,291 shares during the last quarter. Institutional investors and hedge funds own 16.20% of the company's stock.

Infosys Stock Down 0.3 %

Infosys stock traded down $0.06 during trading on Monday, reaching $17.34. The stock had a trading volume of 7,546,895 shares, compared to its average volume of 9,638,873. Infosys Limited has a 52-week low of $15.82 and a 52-week high of $23.63. The business has a 50 day moving average price of $18.40 and a 200 day moving average price of $20.88. The stock has a market cap of $71.82 billion, a PE ratio of 21.95, a P/E/G ratio of 3.50 and a beta of 0.97.

Infosys (NYSE:INFY - Get Free Report) last issued its quarterly earnings results on Thursday, April 17th. The technology company reported $0.20 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.19 by $0.01. Infosys had a net margin of 17.28% and a return on equity of 31.60%. The company had revenue of $4.79 billion during the quarter, compared to the consensus estimate of $420.69 billion. During the same quarter in the previous year, the firm earned $0.23 earnings per share. On average, equities analysts predict that Infosys Limited will post 0.74 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on INFY shares. CLSA upgraded shares of Infosys from a "hold" rating to an "outperform" rating in a research report on Friday, March 7th. Stifel Nicolaus dropped their price target on shares of Infosys from $18.00 to $17.00 and set a "hold" rating for the company in a research report on Monday, April 21st. The Goldman Sachs Group cut shares of Infosys from a "buy" rating to a "neutral" rating and set a $17.90 price target for the company. in a research report on Monday, April 21st. Susquehanna upgraded shares of Infosys from a "negative" rating to a "neutral" rating and set a $17.00 price target for the company in a research report on Monday, April 14th. Finally, Investec upgraded shares of Infosys from a "sell" rating to a "buy" rating in a report on Friday, April 18th. Seven investment analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Infosys presently has an average rating of "Moderate Buy" and an average target price of $17.48.

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.