Massachusetts Financial Services Co. MA Acquires 77,426 Shares of Infosys Limited (NYSE:INFY)

Massachusetts Financial Services Co. MA increased its holdings in Infosys Limited (NYSE:INFY - Free Report) by 4.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,725,418 shares of the technology company's stock after acquiring an additional 77,426 shares during the period. Massachusetts Financial Services Co. MA's holdings in Infosys were worth $37,821,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Sierra Ocean LLC purchased a new position in shares of Infosys during the 4th quarter valued at $29,000. Brooklyn Investment Group bought a new stake in Infosys in the 4th quarter valued at about $52,000. Wilmington Savings Fund Society FSB bought a new position in Infosys during the third quarter worth about $57,000. Farther Finance Advisors LLC increased its stake in shares of Infosys by 69.7% in the fourth quarter. Farther Finance Advisors LLC now owns 3,115 shares of the technology company's stock worth $68,000 after purchasing an additional 1,279 shares in the last quarter. Finally, GAMMA Investing LLC raised its position in shares of Infosys by 14.2% in the fourth 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 period. 16.20% of the stock is owned by hedge funds and other institutional investors.

Infosys Price Performance

NYSE INFY traded down $0.95 during trading on Thursday, hitting $16.72. 9,537,851 shares of the company's stock traded hands, compared to its average volume of 9,615,118. The stock has a fifty day moving average of $19.61 and a two-hundred day moving average of $21.38. Infosys Limited has a 12-month low of $16.04 and a 12-month high of $23.63. The firm has a market cap of $69.23 billion, a P/E ratio of 21.16, a PEG ratio of 3.50 and a beta of 0.97.

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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, 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 previous year, the firm posted $0.18 earnings per share. As a group, analysts expect that Infosys Limited will post 0.74 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. StockNews.com raised shares of Infosys from a "hold" rating to a "buy" rating in a report on Monday. Guggenheim reiterated a "neutral" rating on shares of Infosys in a research report on Friday, January 17th. Finally, CLSA upgraded Infosys from a "hold" rating to an "outperform" rating in a research report on Friday, March 7th. Two research analysts have rated the stock with a sell rating, three have given a hold rating, four have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average 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.