Royal London Asset Management Ltd. lowered its position in shares of Infosys Limited (NYSE:INFY - Free Report) by 22.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,090,453 shares of the technology company's stock after selling 308,500 shares during the period. Royal London Asset Management Ltd.'s holdings in Infosys were worth $23,903,000 as of its most recent SEC filing.
Other institutional investors have also made changes to their positions in the company. Robeco Institutional Asset Management B.V. increased its stake in Infosys by 6.2% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 25,841,022 shares of the technology company's stock worth $566,435,000 after buying an additional 1,501,039 shares during the period. Fisher Asset Management LLC increased its position in shares of Infosys by 0.7% during the fourth quarter. Fisher Asset Management LLC now owns 14,517,359 shares of the technology company's stock worth $318,221,000 after acquiring an additional 102,341 shares during the last quarter. Franklin Resources Inc. lifted its stake in shares of Infosys by 2.9% in the third quarter. Franklin Resources Inc. now owns 11,272,051 shares of the technology company's stock worth $263,315,000 after acquiring an additional 322,648 shares in the last quarter. BNP Paribas Financial Markets boosted its holdings in Infosys by 5.1% in the third quarter. BNP Paribas Financial Markets now owns 6,072,537 shares of the technology company's stock valued at $135,235,000 after purchasing an additional 297,183 shares during the last quarter. Finally, Daiwa Securities Group Inc. grew its stake in Infosys by 11.8% during the 3rd quarter. Daiwa Securities Group Inc. now owns 5,852,900 shares of the technology company's stock valued at $130,344,000 after purchasing an additional 618,400 shares in the last quarter. 16.20% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
INFY has been the topic of a number of recent analyst reports. HSBC raised Infosys from a "hold" rating to a "buy" rating in a research report on Monday, December 9th. CLSA upgraded shares of Infosys from a "hold" rating to an "outperform" rating in a research note on Friday, March 7th. Guggenheim reissued a "neutral" rating on shares of Infosys in a research report on Friday, January 17th. StockNews.com lowered shares of Infosys from a "buy" rating to a "hold" rating in a research note on Thursday, March 20th. Finally, Hsbc Global Res upgraded Infosys from a "hold" rating to a "strong-buy" rating in a research note on Monday, December 9th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $19.70.
View Our Latest Report on Infosys
Infosys Trading Down 1.0 %
INFY traded down $0.18 on Wednesday, hitting $18.65. 7,391,001 shares of the company's stock were exchanged, compared to its average volume of 10,917,685. The stock has a fifty day moving average of $20.66 and a two-hundred day moving average of $21.84. Infosys Limited has a twelve month low of $16.04 and a twelve month high of $23.63. The firm has a market cap of $77.24 billion, a PE ratio of 23.60, a P/E/G ratio of 3.50 and a beta of 1.01.
Infosys (NYSE:INFY - Get Free Report) last announced its quarterly earnings results on Thursday, January 16th. The technology company reported $0.19 earnings per share for the quarter, hitting 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 quarter in the previous year, the business posted $0.18 EPS. On average, analysts predict that Infosys Limited will post 0.74 EPS for the current 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.
See Also
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
MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Enter your email address and below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
