Quantbot Technologies LP Purchases 57,945 Shares of Infosys Limited (NYSE:INFY)

Quantbot Technologies LP lifted its stake in Infosys Limited (NYSE:INFY - Free Report) by 47.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 180,235 shares of the technology company's stock after buying an additional 57,945 shares during the period. Quantbot Technologies LP's holdings in Infosys were worth $3,951,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Summit Global Investments lifted its position in Infosys by 9.6% in the fourth quarter. Summit Global Investments now owns 139,926 shares of the technology company's stock worth $3,067,000 after purchasing an additional 12,271 shares during the period. Aikya Investment Management Ltd raised its stake in shares of Infosys by 16.2% in the 4th quarter. Aikya Investment Management Ltd now owns 994,198 shares of the technology company's stock valued at $21,793,000 after buying an additional 138,251 shares in the last quarter. Whittier Trust Co. of Nevada Inc. lifted its holdings in shares of Infosys by 158.2% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 9,798 shares of the technology company's stock worth $215,000 after acquiring an additional 6,003 shares during the period. Whittier Trust Co. boosted its position in shares of Infosys by 52.6% during the 4th quarter. Whittier Trust Co. now owns 34,167 shares of the technology company's stock valued at $749,000 after acquiring an additional 11,770 shares in the last quarter. Finally, OVERSEA CHINESE BANKING Corp Ltd acquired a new stake in shares of Infosys during the 4th quarter valued at about $307,000. Institutional investors own 16.20% of the company's stock.

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Analysts Set New Price Targets

A number of research analysts have commented on INFY shares. HSBC upgraded shares of Infosys from a "hold" rating to a "buy" rating in a research note on Monday, December 9th. Hsbc Global Res upgraded Infosys from a "hold" rating to a "strong-buy" rating in a research report on Monday, December 9th. StockNews.com lowered Infosys from a "buy" rating to a "hold" rating in a research note on Thursday, March 20th. CLSA upgraded Infosys from a "hold" rating to an "outperform" rating in a research note on Friday, March 7th. 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 given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Infosys presently has an average rating of "Hold" and a consensus price target of $19.70.

Infosys Stock Down 1.0 %

INFY stock traded down $0.18 during midday trading on Wednesday, reaching $18.65. 7,391,125 shares of the company's stock traded hands, compared to its average volume of 9,339,327. The company has a 50-day simple moving average of $20.66 and a two-hundred day simple moving average of $21.84. Infosys Limited has a 1-year low of $16.04 and a 1-year high of $23.81. The company has a market cap of $77.24 billion, a price-to-earnings ratio of 23.60, a PEG ratio of 3.50 and a beta of 1.01.

Infosys (NYSE:INFY - Get Free Report) last announced its earnings results on Thursday, January 16th. The technology company reported $0.19 earnings per share for the quarter, meeting 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 last year, the firm earned $0.18 earnings per share. Equities research analysts forecast that Infosys Limited will post 0.74 EPS for the current year.

Infosys Company Profile

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.