XTX Topco Ltd acquired a new stake in Infosys Limited (NYSE:INFY - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 29,843 shares of the technology company's stock, valued at approximately $654,000.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. BHK Investment Advisors LLC grew its position in shares of Infosys by 2.3% in the fourth 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 during the last quarter. Outlook Wealth Advisors LLC grew its holdings in Infosys by 2.8% in the 4th 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. GAMMA Investing LLC increased its position in Infosys by 14.2% during the 4th quarter. GAMMA Investing LLC now owns 4,496 shares of the technology company's stock worth $99,000 after buying an additional 560 shares during the period. Flagship Harbor Advisors LLC increased its position in Infosys by 6.2% during the 4th quarter. Flagship Harbor Advisors LLC now owns 11,026 shares of the technology company's stock worth $242,000 after buying an additional 641 shares during the period. Finally, Atomi Financial Group Inc. lifted its holdings in shares of Infosys by 1.7% during the fourth quarter. Atomi Financial Group Inc. now owns 38,263 shares of the technology company's stock worth $839,000 after buying an additional 655 shares in the last quarter. 16.20% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
A number of equities analysts recently commented on INFY shares. StockNews.com lowered shares of Infosys from a "buy" rating to a "hold" rating in a research report on Tuesday. CLSA raised shares of Infosys from a "hold" rating to an "outperform" rating in a report on Friday, March 7th. Investec upgraded Infosys from a "sell" rating to a "buy" rating in a research note on Friday. Susquehanna upgraded Infosys from a "negative" rating to a "neutral" rating and set a $17.00 price objective on the stock in a research note on Monday, April 14th. Finally, Guggenheim reaffirmed a "neutral" rating on shares of Infosys in a report on Friday, January 17th. Six research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Infosys has a consensus rating of "Moderate Buy" and a consensus price target of $20.03.
Get Our Latest Stock Report on Infosys
Infosys Price Performance
Shares of INFY opened at $16.14 on Friday. The firm has a 50 day simple moving average of $18.85 and a two-hundred day simple moving average of $21.10. The company has a market cap of $66.84 billion, a P/E ratio of 20.43, a P/E/G ratio of 3.50 and a beta of 0.97. Infosys Limited has a one year low of $15.82 and a one year high of $23.63.
Infosys (NYSE:INFY - Get Free Report) last posted its quarterly earnings results on Thursday, April 17th. The technology company reported $0.20 EPS for the quarter, topping analysts' consensus estimates of $0.19 by $0.01. Infosys had a return on equity of 31.60% and a net margin of 17.28%. The company had revenue of $4.79 billion during the quarter, compared to analysts' expectations of $420.69 billion. During the same quarter in the previous year, the firm earned $0.23 EPS. On average, analysts expect that Infosys Limited will post 0.74 earnings per share for the current fiscal year.
Infosys Company 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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