Oaktree Fund Advisors LLC Has $2.40 Million Stock Holdings in Infosys Limited (NYSE:INFY)

Oaktree Fund Advisors LLC decreased its holdings in Infosys Limited (NYSE:INFY - Free Report) by 11.8% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 109,693 shares of the technology company's stock after selling 14,632 shares during the period. Infosys makes up about 4.0% of Oaktree Fund Advisors LLC's investment portfolio, making the stock its 11th largest position. Oaktree Fund Advisors LLC's holdings in Infosys were worth $2,404,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the business. Cerity Partners LLC raised its holdings in Infosys by 71.9% in the third quarter. Cerity Partners LLC now owns 89,966 shares of the technology company's stock valued at $2,004,000 after acquiring an additional 37,616 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in Infosys in the third quarter worth about $519,000. The Manufacturers Life Insurance Company increased its holdings in Infosys by 27.0% in the third quarter. The Manufacturers Life Insurance Company now owns 871,551 shares of the technology company's stock valued at $19,409,000 after buying an additional 185,300 shares during the last quarter. FMR LLC raised its stake in Infosys by 77.8% during 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 in the last quarter. Finally, Townsquare Capital LLC bought a new position in Infosys during the 3rd quarter worth approximately $432,000. Institutional investors and hedge funds own 16.20% of the company's stock.

Infosys Stock Down 5.2 %

Shares of INFY traded down $0.95 during mid-day trading on Thursday, hitting $17.44. 9,180,160 shares of the company's stock were exchanged, compared to its average volume of 9,437,556. The stock has a market cap of $72.24 billion, a price-to-earnings ratio of 22.08, a P/E/G ratio of 3.50 and a beta of 1.01. Infosys Limited has a twelve month low of $16.04 and a twelve month high of $23.63. The firm has a fifty day moving average of $20.27 and a two-hundred day moving average of $21.65.

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Infosys (NYSE:INFY - Get Free Report) last released its earnings results on Thursday, January 16th. The technology company reported $0.19 EPS for the quarter, meeting the consensus estimate of $0.19. Infosys had a net margin of 17.28% and a return on equity of 31.60%. During the same quarter in the previous year, the company posted $0.18 earnings per share. On average, equities analysts predict that Infosys Limited will post 0.74 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms have recently commented on INFY. CLSA raised shares of Infosys from a "hold" rating to an "outperform" rating in a report on Friday, March 7th. StockNews.com cut Infosys from a "buy" rating to a "hold" rating in a report on Thursday, March 20th. Hsbc Global Res upgraded Infosys from a "hold" rating to a "strong-buy" rating in a research report on Monday, December 9th. HSBC raised Infosys from a "hold" rating to a "buy" rating in a research note on Monday, December 9th. Finally, Guggenheim reissued a "neutral" rating on shares of Infosys in a report on Friday, January 17th. Two analysts have rated the stock with a sell rating, four have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Infosys 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.