FIL Ltd Has $213.23 Million Stock Holdings in Infosys Limited (NYSE:INFY)

FIL Ltd lessened its stake in shares of Infosys Limited (NYSE:INFY - Free Report) by 9.9% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 9,727,831 shares of the technology company's stock after selling 1,066,162 shares during the quarter. FIL Ltd owned about 0.23% of Infosys worth $213,234,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Sierra Ocean LLC bought a new position in Infosys during the 4th quarter worth $29,000. Brooklyn Investment Group bought a new position in Infosys during the fourth quarter worth about $52,000. Wilmington Savings Fund Society FSB acquired a new stake in Infosys in the 3rd quarter worth about $57,000. Farther Finance Advisors LLC raised its stake in Infosys by 69.7% in the 4th quarter. Farther Finance Advisors LLC now owns 3,115 shares of the technology company's stock worth $68,000 after purchasing an additional 1,279 shares in the last quarter. Finally, GAMMA Investing LLC boosted its holdings in Infosys by 14.2% in the 4th quarter. GAMMA Investing LLC now owns 4,496 shares of the technology company's stock valued at $99,000 after purchasing an additional 560 shares during the period. Institutional investors own 16.20% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. StockNews.com upgraded shares of Infosys from a "hold" rating to a "buy" rating in a research report on Monday, April 7th. Guggenheim reiterated a "neutral" rating on shares of Infosys in a research report on Friday, January 17th. Susquehanna upgraded Infosys from a "negative" rating to a "neutral" rating and set a $17.00 price target on the stock in a research report on Monday. Finally, CLSA raised Infosys from a "hold" rating to an "outperform" rating in a research note on Friday, March 7th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $20.70.

Remove Ads

Infosys Price Performance

NYSE:INFY traded up $0.17 during trading hours on Monday, hitting $17.05. The company's stock had a trading volume of 6,885,392 shares, compared to its average volume of 9,631,180. Infosys Limited has a twelve month low of $16.04 and a twelve month high of $23.63. The stock has a fifty day simple moving average of $19.40 and a 200-day simple moving average of $21.29. The company has a market capitalization of $70.62 billion, a P/E ratio of 21.58, a PEG ratio of 3.50 and a beta of 0.97.

Infosys (NYSE:INFY - Get Free Report) last posted its quarterly earnings results on Thursday, January 16th. The technology company reported $0.19 earnings per share for the quarter, meeting analysts' consensus estimates 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 prior year, the company posted $0.18 EPS. On average, equities analysts predict that Infosys Limited will post 0.74 EPS for the current fiscal 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.