Massachusetts Financial Services Co. MA Purchases 77,426 Shares of Infosys Limited (NYSE:INFY)

Massachusetts Financial Services Co. MA lifted its stake in shares of Infosys Limited (NYSE:INFY) by 4.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,725,418 shares of the technology company’s stock after buying an additional 77,426 shares during the quarter. Massachusetts Financial Services Co. MA’s holdings in Infosys were worth $37,821,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also bought and sold shares of the stock. FMR LLC grew its position in Infosys by 77.8% in the 3rd quarter. FMR LLC now owns 170,704 shares of the technology company’s stock valued at $3,802,000 after purchasing an additional 74,697 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Infosys by 62.6% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 514,838 shares of the technology company’s stock worth $11,465,000 after purchasing an additional 198,192 shares during the last quarter. Captrust Financial Advisors increased its position in Infosys by 32.5% in the third quarter. Captrust Financial Advisors now owns 21,718 shares of the technology company’s stock worth $484,000 after buying an additional 5,325 shares during the last quarter. Benjamin Edwards Inc. bought a new stake in Infosys in the 3rd quarter valued at about $232,000. Finally, Quantinno Capital Management LP raised its position in shares of Infosys by 47.4% in the third quarter. Quantinno Capital Management LP now owns 86,985 shares of the technology company’s stock valued at $1,937,000 after purchasing an additional 27,972 shares during the period. 16.20% of the stock is currently owned by institutional investors and hedge funds.

Infosys Price Performance

Shares of NYSE INFY opened at $16.58 on Friday. Infosys Limited has a 1 year low of $16.04 and a 1 year high of $23.63. The company’s 50-day moving average is $20.08 and its 200 day moving average is $21.57. The stock has a market capitalization of $68.66 billion, a P/E ratio of 20.98, a P/E/G ratio of 3.50 and a beta of 1.01.

Infosys (NYSE:INFY) last issued its quarterly earnings results 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 last year, the business posted $0.18 earnings per share. Research analysts anticipate that Infosys Limited will post 0.74 earnings per share for the current year.

Analysts Set New Price Targets

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

About Infosys

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.