William Blair Investment Management LLC increased its stake in Infosys Limited (NYSE:INFY - Free Report) by 3.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,713,529 shares of the technology company's stock after acquiring an additional 59,200 shares during the period. William Blair Investment Management LLC's holdings in Infosys were worth $37,561,000 at the end of the most recent reporting period.
A number of other hedge funds have also made changes to their positions in INFY. BHK Investment Advisors LLC boosted its stake in Infosys by 2.3% during the 4th quarter. BHK Investment Advisors LLC now owns 22,785 shares of the technology company's stock valued at $499,000 after purchasing an additional 507 shares in the last quarter. Outlook Wealth Advisors LLC boosted its stake in Infosys by 2.8% during the fourth quarter. Outlook Wealth Advisors LLC now owns 18,405 shares of the technology company's stock valued at $403,000 after buying an additional 508 shares in the last quarter. Canopy Partners LLC grew its holdings in Infosys by 3.1% during the third quarter. Canopy Partners LLC now owns 17,129 shares of the technology company's stock worth $381,000 after acquiring an additional 522 shares during the period. GAMMA Investing LLC raised its position in Infosys by 14.2% in the fourth quarter. GAMMA Investing LLC now owns 4,496 shares of the technology company's stock worth $99,000 after acquiring an additional 560 shares in the last quarter. Finally, Flagship Harbor Advisors LLC lifted its holdings in Infosys by 6.2% in the 4th quarter. Flagship Harbor Advisors LLC now owns 11,026 shares of the technology company's stock valued at $242,000 after acquiring an additional 641 shares during the last quarter. Institutional investors and hedge funds own 16.20% of the company's stock.
Infosys Stock Up 1.5 %
Shares of INFY traded up $0.28 during mid-day trading on Friday, reaching $18.34. The company's stock had a trading volume of 18,677,607 shares, compared to its average volume of 11,033,034. Infosys Limited has a 1 year low of $16.04 and a 1 year high of $23.63. The company has a market cap of $75.96 billion, a price-to-earnings ratio of 23.21, a price-to-earnings-growth ratio of 3.50 and a beta of 1.01. The business has a fifty day moving average of $20.90 and a 200 day moving average of $21.94.
Infosys (NYSE:INFY - Get Free Report) last announced its quarterly earnings data on Thursday, January 16th. The technology company reported $0.19 EPS 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 last year, the firm posted $0.18 earnings per share. On average, analysts predict that Infosys Limited will post 0.74 earnings per share for the current year.
Analysts Set New Price Targets
A number of analysts recently commented on INFY shares. Guggenheim reiterated a "neutral" rating on shares of Infosys in a report on Friday, January 17th. CLSA raised Infosys from a "hold" rating to an "outperform" rating in a report on Friday, March 7th. StockNews.com lowered Infosys from a "buy" rating to a "hold" rating in a research note on Thursday. Hsbc Global Res raised Infosys from a "hold" rating to a "strong-buy" rating in a research report on Monday, December 9th. Finally, HSBC upgraded Infosys from a "hold" rating to a "buy" rating in a research report on Monday, December 9th. Two analysts have rated the stock with a sell rating, four have given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $19.70.
Read Our Latest Stock Analysis on INFY
Infosys Profile
(
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.
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