Franklin Resources Inc. Has $252.11 Million Stock Holdings in Infosys Limited (NYSE:INFY)

Franklin Resources Inc. lifted its position in shares of Infosys Limited (NYSE:INFY - Free Report) by 2.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,501,533 shares of the technology company's stock after buying an additional 229,482 shares during the period. Franklin Resources Inc. owned about 0.28% of Infosys worth $252,114,000 at the end of the most recent quarter.

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

Infosys Price Performance

Infosys stock traded down $0.78 during trading hours on Friday, hitting $16.58. The company had a trading volume of 19,389,026 shares, compared to its average volume of 9,507,468. The firm has a 50-day moving average of $20.08 and a 200 day moving average of $21.57. The firm has a market cap of $68.66 billion, a PE ratio of 20.98, a PEG ratio of 3.50 and a beta of 1.01. Infosys Limited has a one year low of $16.04 and a one year high of $23.63.

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Infosys (NYSE:INFY - Get Free Report) last released its quarterly earnings results 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 return on equity of 31.60% and a net margin of 17.28%. During the same quarter in the previous year, the company posted $0.18 earnings per share. As a group, research analysts expect that Infosys Limited will post 0.74 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on INFY shares. HSBC upgraded shares of Infosys from a "hold" rating to a "buy" rating in a report on Monday, December 9th. StockNews.com lowered shares of Infosys from a "buy" rating to a "hold" rating in a research note on Thursday, March 20th. Hsbc Global Res raised shares of Infosys from a "hold" rating to a "strong-buy" rating in a report on Monday, December 9th. Guggenheim reiterated a "neutral" rating on shares of Infosys in a report on Friday, January 17th. Finally, CLSA raised Infosys from a "hold" rating to an "outperform" rating in a research report on Friday, March 7th. Two analysts have rated the stock with a sell rating, four have issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $19.70.

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.