Marshall Wace LLP Has $5.31 Million Stock Position in Infosys Limited (NYSE:INFY)

Marshall Wace LLP increased its holdings in shares of Infosys Limited (NYSE:INFY - Free Report) by 32.5% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 242,180 shares of the technology company's stock after purchasing an additional 59,411 shares during the period. Marshall Wace LLP's holdings in Infosys were worth $5,309,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the business. Sierra Ocean LLC acquired a new stake in Infosys in the 4th quarter valued at approximately $29,000. Brooklyn Investment Group acquired a new stake in shares of Infosys in the fourth quarter worth $52,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Infosys in the third quarter worth $57,000. Farther Finance Advisors LLC increased its position in Infosys by 69.7% during the fourth quarter. Farther Finance Advisors LLC now owns 3,115 shares of the technology company's stock worth $68,000 after acquiring an additional 1,279 shares during the period. Finally, GAMMA Investing LLC raised its stake in Infosys by 14.2% during the 4th quarter. GAMMA Investing LLC now owns 4,496 shares of the technology company's stock valued at $99,000 after purchasing an additional 560 shares during the last quarter. Institutional investors and hedge funds own 16.20% of the company's stock.

Infosys Price Performance

Shares of INFY traded up $0.05 during mid-day trading on Friday, reaching $17.41. The company had a trading volume of 7,573,947 shares, compared to its average volume of 9,647,278. The company's 50-day moving average is $18.40 and its 200-day moving average is $20.89. The company has a market capitalization of $72.11 billion, a P/E ratio of 22.04, a P/E/G ratio of 3.50 and a beta of 0.97. Infosys Limited has a twelve month low of $15.82 and a twelve month high of $23.63.

Infosys (NYSE:INFY - Get Free Report) last issued its quarterly earnings data on Thursday, April 17th. The technology company reported $0.20 earnings per share (EPS) for the quarter, beating 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 period last year, the business earned $0.23 earnings per share. As a group, equities analysts expect that Infosys Limited will post 0.74 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have issued reports on INFY shares. CLSA upgraded shares of Infosys from a "hold" rating to an "outperform" rating in a research report on Friday, March 7th. Susquehanna upgraded Infosys from a "negative" rating to a "neutral" rating and set a $17.00 price target on the stock in a research note on Monday, April 14th. Stifel Nicolaus cut their price target on Infosys from $18.00 to $17.00 and set a "hold" rating for the company in a report on Monday, April 21st. The Goldman Sachs Group cut Infosys from a "buy" rating to a "neutral" rating and set a $17.90 price objective on the stock. in a research report on Monday, April 21st. Finally, Guggenheim reaffirmed a "neutral" rating on shares of Infosys in a research report on Friday, January 17th. Seven research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $17.48.

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.