Wellington Management Group LLP Has $45.20 Million Position in Infosys Limited (NYSE:INFY)

Wellington Management Group LLP reduced its position in shares of Infosys Limited (NYSE:INFY - Free Report) by 11.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,061,801 shares of the technology company's stock after selling 275,129 shares during the period. Wellington Management Group LLP's holdings in Infosys were worth $45,195,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. O Shaughnessy Asset Management LLC boosted its holdings in shares of Infosys by 7.3% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 446,220 shares of the technology company's stock valued at $9,781,000 after acquiring an additional 30,364 shares during the period. Martin Currie Ltd. boosted its holdings in shares of Infosys by 8.7% during the fourth quarter. Martin Currie Ltd. now owns 883,232 shares of the technology company's stock valued at $19,360,000 after acquiring an additional 71,045 shares during the period. Dorsey Wright & Associates acquired a new position in shares of Infosys during the fourth quarter valued at $2,491,000. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Infosys by 118.8% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 7,912,259 shares of the technology company's stock valued at $173,437,000 after acquiring an additional 4,296,291 shares during the period. Finally, Orion Portfolio Solutions LLC boosted its holdings in shares of Infosys by 123.2% during the fourth quarter. Orion Portfolio Solutions LLC now owns 65,060 shares of the technology company's stock valued at $1,426,000 after acquiring an additional 35,912 shares during the period. 16.20% of the stock is owned by institutional investors and hedge funds.

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Infosys Stock Down 4.6 %

Infosys stock traded down $0.81 during midday trading on Thursday, hitting $16.86. The company's stock had a trading volume of 6,077,228 shares, compared to its average volume of 9,597,696. The stock's 50-day moving average price is $19.61 and its 200-day moving average price is $21.38. Infosys Limited has a 12 month low of $16.04 and a 12 month high of $23.63. The company has a market capitalization of $69.81 billion, a PE ratio of 21.37, a price-to-earnings-growth ratio of 3.50 and a beta of 0.97.

Infosys (NYSE:INFY - Get Free Report) last posted its quarterly earnings data on Thursday, January 16th. The technology company reported $0.19 earnings per share (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 prior year, the firm posted $0.18 EPS. As a group, equities analysts anticipate that Infosys Limited will post 0.74 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on INFY shares. StockNews.com upgraded shares of Infosys from a "hold" rating to a "buy" rating in a research note on Monday. CLSA upgraded shares of Infosys from a "hold" rating to an "outperform" rating in a research note on Friday, March 7th. Finally, Guggenheim restated a "neutral" rating on shares of Infosys in a research note on Friday, January 17th. 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 issued a strong buy rating to the stock. According to data from MarketBeat, Infosys presently has an average rating of "Hold" and a consensus price target of $19.70.

Infosys 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.