Prudential PLC decreased its stake in shares of Infosys Limited (NYSE:INFY - Free Report) by 10.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 948,997 shares of the technology company's stock after selling 107,092 shares during the quarter. Prudential PLC's holdings in Infosys were worth $20,802,000 as of its most recent SEC filing.
Several other large investors also recently added to or reduced their stakes in the stock. Robeco Institutional Asset Management B.V. boosted its holdings in shares of Infosys by 6.2% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 25,841,022 shares of the technology company's stock valued at $566,435,000 after buying an additional 1,501,039 shares in the last quarter. Fisher Asset Management LLC lifted its position in Infosys by 0.7% during the fourth quarter. Fisher Asset Management LLC now owns 14,517,359 shares of the technology company's stock valued at $318,221,000 after purchasing an additional 102,341 shares during the period. Franklin Resources Inc. lifted its holdings in Infosys by 2.0% in the fourth 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. Arrowstreet Capital Limited Partnership grew its stake in shares of Infosys by 118.8% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 7,912,259 shares of the technology company's stock worth $173,437,000 after purchasing an additional 4,296,291 shares during the period. Finally, American Century Companies Inc. increased its holdings in shares of Infosys by 31.3% during the 4th quarter. American Century Companies Inc. now owns 4,603,993 shares of the technology company's stock valued at $100,920,000 after purchasing an additional 1,097,105 shares in the last quarter. 16.20% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of research firms have recently commented on INFY. Guggenheim restated a "neutral" rating on shares of Infosys in a research note on Friday, January 17th. CLSA raised Infosys from a "hold" rating to an "outperform" rating in a research note on Friday, March 7th. Finally, StockNews.com raised shares of Infosys from a "hold" rating to a "buy" rating in a report on Monday. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Infosys presently has an average rating of "Hold" and an average target price of $19.70.
View Our Latest Stock Report on INFY
Infosys Stock Performance
Shares of NYSE INFY traded up $0.02 during trading on Wednesday, reaching $16.44. The stock had a trading volume of 4,953,610 shares, compared to its average volume of 9,561,974. The business's 50-day moving average price is $19.78 and its 200-day moving average price is $21.44. Infosys Limited has a fifty-two week low of $16.04 and a fifty-two week high of $23.63. The company has a market cap of $68.08 billion, a P/E ratio of 20.78, a PEG ratio of 3.50 and a beta of 0.97.
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, hitting 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 business posted $0.18 earnings per share. Analysts forecast that Infosys Limited will post 0.74 EPS for the current fiscal year.
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.
Read More
Before you consider Infosys, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Infosys wasn't on the list.
While Infosys currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
