Infosys Limited (NYSE:INFY) Shares Bought by Martin Currie Ltd.

Martin Currie Ltd. grew its stake in Infosys Limited (NYSE:INFY) by 8.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 883,232 shares of the technology company’s stock after purchasing an additional 71,045 shares during the quarter. Martin Currie Ltd.’s holdings in Infosys were worth $19,360,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the stock. Sierra Ocean LLC bought a new stake in Infosys in the fourth quarter valued at about $29,000. Brooklyn Investment Group bought a new position in Infosys during the fourth quarter worth $52,000. Wilmington Savings Fund Society FSB acquired a new position in Infosys in the third quarter worth $57,000. Farther Finance Advisors LLC increased its stake in Infosys by 69.7% during the fourth quarter. Farther Finance Advisors LLC now owns 3,115 shares of the technology company’s stock valued at $68,000 after purchasing an additional 1,279 shares during the last quarter. Finally, GAMMA Investing LLC raised its holdings in shares of Infosys by 14.2% during the fourth quarter. GAMMA Investing LLC now owns 4,496 shares of the technology company’s stock worth $99,000 after purchasing an additional 560 shares during the period. Institutional investors own 16.20% of the company’s stock.

Wall Street Analyst Weigh In

INFY has been the subject of a number of recent research reports. Guggenheim reaffirmed a “neutral” rating on shares of Infosys in a research report on Friday, January 17th. StockNews.com cut Infosys from a “buy” rating to a “hold” rating in a research report on Thursday, March 20th. Hsbc Global Res upgraded Infosys from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 9th. HSBC raised Infosys from a “hold” rating to a “buy” rating in a research report on Monday, December 9th. Finally, CLSA raised shares of Infosys from a “hold” rating to an “outperform” rating in a report on Friday, March 7th. Two research analysts have rated the stock with a sell rating, four have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $19.70.

Infosys Stock Performance

Shares of INFY stock opened at $18.17 on Friday. The firm has a market capitalization of $75.26 billion, a PE ratio of 23.00, a price-to-earnings-growth 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 $23.63. The stock has a fifty day moving average of $20.45 and a two-hundred day moving average of $21.75.

Infosys (NYSE:INFY) last announced its earnings results on Thursday, January 16th. The technology company reported $0.19 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.19. Infosys had a net margin of 17.28% and a return on equity of 31.60%. During the same period last year, the firm posted $0.18 earnings per share. Equities research analysts predict that Infosys Limited will post 0.74 earnings per share for the current fiscal year.

Infosys 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.