Natixis Advisors LLC Has $9 Million Position in Infosys Limited (NYSE:INFY)

Natixis Advisors LLC increased its position in Infosys Limited (NYSE:INFY) by 53.7% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 410,381 shares of the technology company’s stock after acquiring an additional 143,439 shares during the period. Natixis Advisors LLC’s holdings in Infosys were worth $8,996,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Sierra Ocean LLC acquired a new position in Infosys in the fourth quarter worth approximately $29,000. Brooklyn Investment Group acquired a new position in Infosys in the fourth quarter worth approximately $52,000. Wilmington Savings Fund Society FSB acquired a new position in Infosys in the third quarter worth approximately $57,000. Farther Finance Advisors LLC increased its holdings in Infosys by 69.7% in the fourth quarter. Farther Finance Advisors LLC now owns 3,115 shares of the technology company’s stock worth $68,000 after buying an additional 1,279 shares during the last quarter. Finally, GAMMA Investing LLC increased its holdings 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 buying an additional 560 shares during the last quarter. Institutional investors and hedge funds own 16.20% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. StockNews.com downgraded Infosys from a “buy” rating to a “hold” rating in a report on Thursday. Hsbc Global Res upgraded Infosys from a “hold” rating to a “strong-buy” rating in a report on Monday, December 9th. Guggenheim reiterated a “neutral” rating on shares of Infosys in a report on Friday, January 17th. CLSA upgraded Infosys from a “hold” rating to an “outperform” rating in a report on Friday, March 7th. Finally, HSBC upgraded Infosys from a “hold” rating to a “buy” rating in a report on Monday, December 9th. Two analysts have rated the stock with a sell rating, four have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $19.70.

Infosys Trading Down 2.8 %

Shares of Infosys stock opened at $18.05 on Friday. The company’s fifty day simple moving average is $20.90 and its 200-day simple moving average is $21.94. The company has a market cap of $74.74 billion, a price-to-earnings ratio of 22.84, a PEG ratio of 3.50 and a beta of 1.01. Infosys Limited has a 1 year low of $16.04 and a 1 year high of $23.81.

Infosys (NYSE:INFY) last announced 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 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 EPS. As a group, research analysts forecast that Infosys Limited will post 0.74 earnings per share for the current fiscal year.

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.