Aquatic Capital Management LLC Purchases 21,291 Shares of Infosys Limited (NYSE:INFY)

Aquatic Capital Management LLC boosted its position in Infosys Limited (NYSE:INFY - Free Report) by 4.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 523,091 shares of the technology company's stock after purchasing an additional 21,291 shares during the quarter. Aquatic Capital Management LLC's holdings in Infosys were worth $11,466,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. First Trust Advisors LP boosted its stake in Infosys by 14.5% in the 4th quarter. First Trust Advisors LP now owns 32,410,108 shares of the technology company's stock valued at $710,430,000 after purchasing an additional 4,108,903 shares during the period. Robeco Institutional Asset Management B.V. boosted its stake in Infosys by 6.2% in the 4th 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 purchasing an additional 1,501,039 shares during the period. Fisher Asset Management LLC boosted its stake in Infosys by 0.7% in the 4th quarter. Fisher Asset Management LLC now owns 14,517,359 shares of the technology company's stock valued at $318,221,000 after purchasing an additional 102,341 shares during the period. Franklin Resources Inc. boosted its stake in Infosys by 2.0% in the 4th quarter. Franklin Resources Inc. now owns 11,501,533 shares of the technology company's stock valued at $252,114,000 after purchasing an additional 229,482 shares during the period. Finally, Arrowstreet Capital Limited Partnership boosted its stake in Infosys by 118.8% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 7,912,259 shares of the technology company's stock valued at $173,437,000 after purchasing an additional 4,296,291 shares during the period. 16.20% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on INFY shares. Investec raised Infosys from a "sell" rating to a "buy" rating in a report on Friday, April 18th. Stifel Nicolaus dropped their price objective on Infosys from $18.00 to $17.00 and set a "hold" rating for the company in a report on Monday, April 21st. BMO Capital Markets dropped their price objective on Infosys from $25.00 to $18.00 and set a "market perform" rating for the company in a report on Monday, April 21st. CLSA raised Infosys from a "hold" rating to an "outperform" rating in a report on Friday, March 7th. Finally, The Goldman Sachs Group cut Infosys from a "buy" rating to a "neutral" rating and set a $17.90 price objective for the company. in a report on Monday, April 21st. Seven analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $17.48.

Infosys Stock Performance

Shares of Infosys stock traded up $0.25 during trading on Tuesday, reaching $17.58. 7,769,518 shares of the company's stock were exchanged, compared to its average volume of 9,640,227. Infosys Limited has a 1-year low of $15.82 and a 1-year high of $23.63. The company has a market cap of $72.82 billion, a P/E ratio of 22.25, a PEG ratio of 3.50 and a beta of 0.97. The firm's 50-day moving average price is $18.33 and its 200 day moving average price is $20.84.

Infosys (NYSE:INFY - Get Free Report) last posted its quarterly earnings results on Thursday, April 17th. The technology company reported $0.20 EPS for the quarter, topping analysts' consensus estimates of $0.19 by $0.01. Infosys had a return on equity of 31.60% and a net margin of 17.28%. The company had revenue of $4.79 billion during the quarter, compared to analysts' expectations of $420.69 billion. During the same quarter in the previous year, the firm earned $0.23 EPS. As a group, equities research 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.