Harel Insurance Investments & Financial Services Ltd. raised its stake in Infosys Ltd (NYSE:INFY) by 24.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,100 shares of the technology company’s stock after acquiring an additional 1,600 shares during the period. Harel Insurance Investments & Financial Services Ltd.’s holdings in Infosys were worth $89,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Fisher Asset Management LLC boosted its position in shares of Infosys by 1.6% during the fourth quarter. Fisher Asset Management LLC now owns 41,879,875 shares of the technology company’s stock valued at $398,696,000 after buying an additional 647,262 shares during the last quarter. Investec Asset Management LTD boosted its position in shares of Infosys by 23.1% during the fourth quarter. Investec Asset Management LTD now owns 39,628,149 shares of the technology company’s stock valued at $377,260,000 after buying an additional 7,430,134 shares during the last quarter. Bank of New York Mellon Corp boosted its position in shares of Infosys by 1,119,378.1% during the third quarter. Bank of New York Mellon Corp now owns 34,065,719 shares of the technology company’s stock valued at $346,449,000 after buying an additional 34,062,676 shares during the last quarter. Nordea Investment Management AB purchased a new stake in shares of Infosys during the third quarter valued at $231,652,000. Finally, GQG Partners LLC boosted its position in shares of Infosys by 32.1% during the fourth quarter. GQG Partners LLC now owns 21,147,668 shares of the technology company’s stock valued at $201,355,000 after buying an additional 5,136,841 shares during the last quarter. 17.81% of the stock is currently owned by hedge funds and other institutional investors.
Several equities research analysts recently commented on INFY shares. Morgan Stanley raised Infosys from an “equal weight” rating to an “overweight” rating in a research report on Monday, January 14th. Susquehanna Bancshares raised Infosys from a “negative” rating to a “neutral” rating and increased their price objective for the company from $7.50 to $11.00 in a research report on Monday, January 14th. HSBC cut Infosys from a “buy” rating to a “hold” rating in a research report on Tuesday, April 2nd. Citigroup raised Infosys from a “neutral” rating to a “buy” rating in a research report on Friday, January 4th. Finally, Wells Fargo & Co set a $11.00 price objective on Infosys and gave the company a “hold” rating in a research report on Friday, January 11th. Two analysts have rated the stock with a sell rating and fifteen have given a hold rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $11.26.
Shares of NYSE:INFY opened at $10.39 on Friday. The stock has a market capitalization of $45.16 billion, a price-to-earnings ratio of 19.24, a PEG ratio of 1.90 and a beta of 0.54. Infosys Ltd has a 52-week low of $8.45 and a 52-week high of $11.38.
Infosys (NYSE:INFY) last announced its earnings results on Friday, April 12th. The technology company reported $0.13 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.13. The business had revenue of $3.06 billion for the quarter, compared to analysts’ expectations of $3.04 billion. Infosys had a return on equity of 25.41% and a net margin of 18.62%. During the same period last year, the firm posted $0.13 earnings per share. As a group, equities analysts anticipate that Infosys Ltd will post 0.56 EPS for the current fiscal year.
Infosys Limited, together with its subsidiaries, provides consulting, technology, and outsourcing services in North America, Europe, India, and internationally. It provides business information technology services, including application development and maintenance, independent validation, infrastructure management, and business process management services, as well as engineering services, such as engineering and life cycle solutions; and consulting and systems integration services comprising consulting, enterprise solutions, systems integration, and advanced technologies.
Read More: What is a Fiduciary?
Want to see what other hedge funds are holding INFY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Infosys Ltd (NYSE:INFY).
Receive News & Ratings for Infosys Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Infosys and related companies with MarketBeat.com's FREE daily email newsletter.