Integrated Quantitative Investments LLC bought a new stake in Infosys Limited (NYSE:INFY - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 110,200 shares of the technology company's stock, valued at approximately $2,416,000. Infosys makes up about 1.2% of Integrated Quantitative Investments LLC's portfolio, making the stock its 3rd largest holding.
A number of other large investors have also made changes to their positions in the business. Massachusetts Financial Services Co. MA boosted its stake in Infosys by 4.7% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,725,418 shares of the technology company's stock worth $37,821,000 after purchasing an additional 77,426 shares in the last quarter. National Bank of Canada FI lifted its stake in shares of Infosys by 7.7% during the fourth quarter. National Bank of Canada FI now owns 62,851 shares of the technology company's stock worth $1,378,000 after buying an additional 4,502 shares during the period. Franklin Resources Inc. increased its position in shares of 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 acquiring an additional 229,482 shares during the period. B. Metzler seel. Sohn & Co. AG increased its position in shares of Infosys by 3.3% in the 4th quarter. B. Metzler seel. Sohn & Co. AG now owns 270,073 shares of the technology company's stock valued at $5,920,000 after acquiring an additional 8,519 shares during the period. Finally, Axiom Investors LLC DE lifted its position in Infosys by 1.9% during the 4th quarter. Axiom Investors LLC DE now owns 73,200 shares of the technology company's stock worth $1,605,000 after acquiring an additional 1,400 shares during the period. 16.20% of the stock is owned by institutional investors and hedge funds.
Infosys Price Performance
INFY stock traded up $0.12 during midday trading on Wednesday, hitting $16.54. 5,386,713 shares of the stock traded hands, compared to its average volume of 9,565,044. The stock's fifty day simple moving average is $19.78 and its 200-day simple moving average is $21.44. The firm has a market cap of $68.50 billion, a P/E ratio of 20.99, a PEG ratio of 3.50 and a beta of 0.97. Infosys Limited has a 1-year low of $16.04 and a 1-year high of $23.63.
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 analysts' consensus estimates 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 previous year, the business posted $0.18 earnings per share. On average, research analysts predict that Infosys Limited will post 0.74 earnings per share for the current year.
Wall Street Analysts Forecast Growth
A number of research analysts have recently weighed in on the company. StockNews.com raised Infosys from a "hold" rating to a "buy" rating in a report on Monday. Guggenheim reissued a "neutral" rating on shares of Infosys in a research report on Friday, January 17th. Finally, CLSA raised shares of Infosys from a "hold" rating to an "outperform" rating in a report on Friday, March 7th. 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 company. According to MarketBeat, the company has a consensus rating of "Hold" and an average target price of $19.70.
Read Our Latest Research Report on Infosys
About Infosys
(
Free Report)
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.
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