Infosys Limited (NYSE:INFY) Shares Purchased by Martin Currie Ltd.

Martin Currie Ltd. grew its holdings in Infosys Limited (NYSE:INFY - Free Report) by 8.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 883,232 shares of the technology company's stock after purchasing an additional 71,045 shares during the quarter. Martin Currie Ltd.'s holdings in Infosys were worth $19,360,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. Cerity Partners LLC increased its position in Infosys by 71.9% during the 3rd quarter. Cerity Partners LLC now owns 89,966 shares of the technology company's stock worth $2,004,000 after purchasing an additional 37,616 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Infosys during the 3rd quarter worth about $519,000. The Manufacturers Life Insurance Company grew its holdings in shares of Infosys by 27.0% during the third quarter. The Manufacturers Life Insurance Company now owns 871,551 shares of the technology company's stock worth $19,409,000 after buying an additional 185,300 shares in the last quarter. FMR LLC raised its position in shares of Infosys by 77.8% in the third quarter. FMR LLC now owns 170,704 shares of the technology company's stock valued at $3,802,000 after buying an additional 74,697 shares during the last quarter. Finally, Townsquare Capital LLC purchased a new position in shares of Infosys during the third quarter valued at approximately $432,000. 16.20% of the stock is owned by hedge funds and other institutional investors.

Infosys Stock Performance

Infosys stock traded down $0.95 during trading on Thursday, reaching $17.44. 9,180,160 shares of the company's stock were exchanged, compared to its average volume of 9,437,556. Infosys Limited has a 52-week low of $16.04 and a 52-week high of $23.63. The firm has a market cap of $72.24 billion, a price-to-earnings ratio of 22.08, a PEG ratio of 3.50 and a beta of 1.01. The company's 50-day moving average is $20.27 and its two-hundred day moving average is $21.65.

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Infosys (NYSE:INFY - Get Free Report) last issued its 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 period in the prior year, the business earned $0.18 earnings per share. Analysts anticipate that Infosys Limited will post 0.74 EPS for the current year.

Wall Street Analyst Weigh In

INFY has been the subject of a number of recent analyst reports. HSBC raised Infosys from a "hold" rating to a "buy" rating in a research report on Monday, December 9th. CLSA raised shares of Infosys from a "hold" rating to an "outperform" rating in a research note on Friday, March 7th. StockNews.com cut shares of Infosys from a "buy" rating to a "hold" rating in a research note on Thursday, March 20th. Guggenheim reaffirmed a "neutral" rating on shares of Infosys in a research report on Friday, January 17th. Finally, Hsbc Global Res raised Infosys from a "hold" rating to a "strong-buy" rating in a research report on Monday, December 9th. Two equities research analysts have 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. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $19.70.

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.