Matthews International Capital Management LLC Increases Stock Holdings in Infosys Limited (NYSE:INFY)

Matthews International Capital Management LLC boosted its stake in Infosys Limited (NYSE:INFY - Free Report) by 975.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 266,270 shares of the technology company's stock after buying an additional 241,503 shares during the quarter. Infosys makes up 1.2% of Matthews International Capital Management LLC's investment portfolio, making the stock its 23rd largest holding. Matthews International Capital Management LLC's holdings in Infosys were worth $5,837,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Robeco Institutional Asset Management B.V. raised its stake in Infosys by 68.8% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 24,339,983 shares of the technology company's stock valued at $542,051,000 after acquiring an additional 9,923,744 shares during the period. Victory Capital Management Inc. raised its stake in Infosys by 6,071.1% in the 3rd quarter. Victory Capital Management Inc. now owns 4,739,830 shares of the technology company's stock valued at $105,556,000 after acquiring an additional 4,663,023 shares during the period. Public Employees Retirement System of Ohio bought a new stake in Infosys in the 3rd quarter valued at about $36,039,000. Connor Clark & Lunn Investment Management Ltd. raised its stake in Infosys by 186.3% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,186,685 shares of the technology company's stock valued at $48,697,000 after acquiring an additional 1,422,814 shares during the period. Finally, Fisher Asset Management LLC raised its stake in Infosys by 9.7% in the 3rd quarter. Fisher Asset Management LLC now owns 14,415,018 shares of the technology company's stock valued at $321,022,000 after acquiring an additional 1,271,890 shares during the period. 16.20% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have weighed in on INFY shares. HSBC raised Infosys from a "hold" rating to a "buy" rating in a report on Monday, December 9th. Investec lowered Infosys from a "hold" rating to a "sell" rating in a report on Thursday, October 3rd. BMO Capital Markets boosted their price objective on Infosys from $23.00 to $25.00 and gave the stock a "market perform" rating in a report on Friday, October 18th. StockNews.com raised Infosys from a "hold" rating to a "buy" rating in a report on Wednesday, January 22nd. Finally, Hsbc Global Res raised Infosys from a "hold" rating to a "strong-buy" rating in a report on Monday, December 9th. Two research analysts have rated the stock with a sell rating, three have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Infosys presently has an average rating of "Hold" and an average target price of $20.22.

Infosys Trading Down 0.0 %

INFY stock traded down $0.01 during trading on Tuesday, reaching $21.54. The stock had a trading volume of 14,719,315 shares, compared to its average volume of 10,301,617. The stock's 50 day moving average is $22.49 and its two-hundred day moving average is $22.29. 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 $89.20 billion, a PE ratio of 27.26, a PEG ratio of 3.54 and a beta of 1.00.

Infosys (NYSE:INFY - Get Free Report) last issued its earnings results on Thursday, January 16th. The technology company reported $0.19 earnings per share (EPS) for the quarter, meeting 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 prior year, the firm posted $0.18 EPS. On average, research analysts anticipate 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.