Infosys Limited (NYSE:INFY) Shares Acquired by Perpetual Ltd

Perpetual Ltd increased its position in shares of Infosys Limited (NYSE:INFY) by 20.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 681,729 shares of the technology company’s stock after acquiring an additional 115,068 shares during the quarter. Perpetual Ltd’s holdings in Infosys were worth $14,944,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Mizuho Securities Co. Ltd. purchased a new position in Infosys during the third quarter worth about $33,000. Brooklyn Investment Group purchased a new stake in shares of Infosys during the 4th quarter valued at approximately $52,000. Wilmington Savings Fund Society FSB acquired a new position in Infosys in the third quarter valued at approximately $57,000. Whittier Trust Co. of Nevada Inc. lifted its holdings in Infosys by 25.3% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 3,795 shares of the technology company’s stock valued at $85,000 after acquiring an additional 766 shares during the last quarter. Finally, GAMMA Investing LLC grew its position in Infosys by 34.3% in the third quarter. GAMMA Investing LLC now owns 3,936 shares of the technology company’s stock worth $88,000 after acquiring an additional 1,005 shares during the period. Hedge funds and other institutional investors own 16.20% of the company’s stock.

Infosys Stock Performance

Shares of INFY stock opened at $21.16 on Tuesday. Infosys Limited has a fifty-two week low of $16.04 and a fifty-two week high of $23.63. The company has a 50 day moving average price of $22.53 and a 200 day moving average price of $22.21. The stock has a market capitalization of $87.65 billion, a P/E ratio of 26.79, a price-to-earnings-growth ratio of 3.45 and a beta of 1.00.

Infosys (NYSE:INFY) last posted its quarterly earnings results on Thursday, January 16th. The technology company reported $0.19 EPS for the quarter, hitting the consensus estimate of $0.19. Infosys had a net margin of 17.28% and a return on equity of 31.60%. During the same period in the prior year, the business earned $0.18 earnings per share. On average, research analysts forecast that Infosys Limited will post 0.74 EPS for the current fiscal year.

Wall Street Analyst Weigh In

INFY has been the topic of several recent analyst reports. BMO Capital Markets upped their price target on Infosys from $23.00 to $25.00 and gave the company a “market perform” rating in a research note on Friday, October 18th. Guggenheim reaffirmed a “neutral” rating on shares of Infosys in a research report on Friday. HSBC raised shares of Infosys from a “hold” rating to a “buy” rating in a research note on Monday, December 9th. Investec downgraded shares of Infosys from a “hold” rating to a “sell” rating in a research note on Thursday, October 3rd. Finally, StockNews.com cut shares of Infosys from a “buy” rating to a “hold” rating in a research report on Friday, January 3rd. Two analysts have rated the stock with a sell rating, four have given a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Infosys presently has an average rating of “Hold” and a consensus price target of $20.22.

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.