Infosys Limited (NYSE:INFY) Shares Purchased by Causeway Capital Management LLC

Causeway Capital Management LLC raised its stake in Infosys Limited (NYSE:INFY) by 1.7% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 546,743 shares of the technology company’s stock after buying an additional 8,907 shares during the quarter. Causeway Capital Management LLC’s holdings in Infosys were worth $11,985,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of INFY. SG Americas Securities LLC acquired a new position in Infosys during the 4th quarter valued at about $311,000. Jones Financial Companies Lllp raised its holdings in shares of Infosys by 15.9% during the fourth quarter. Jones Financial Companies Lllp now owns 7,520 shares of the technology company’s stock valued at $165,000 after buying an additional 1,030 shares during the last quarter. Haven Global Partners LLC bought a new position in Infosys in the 4th quarter worth approximately $4,078,000. Barclays PLC increased its position in Infosys by 11.8% in the 3rd quarter. Barclays PLC now owns 2,523,605 shares of the technology company’s stock valued at $56,200,000 after acquiring an additional 266,902 shares during the period. Finally, Farther Finance Advisors LLC raised its stake in Infosys by 69.7% during the 4th quarter. Farther Finance Advisors LLC now owns 3,115 shares of the technology company’s stock valued at $68,000 after acquiring an additional 1,279 shares in the last quarter. Institutional investors and hedge funds own 16.20% of the company’s stock.

Infosys Price Performance

INFY stock opened at $16.86 on Monday. The firm has a market cap of $69.81 billion, a PE ratio of 21.34, a P/E/G ratio of 3.50 and a beta of 0.97. Infosys Limited has a 12 month low of $16.04 and a 12 month high of $23.63. The firm has a 50 day simple moving average of $19.40 and a 200 day simple moving average of $21.29.

Infosys (NYSE:INFY) last released its quarterly earnings data on Thursday, January 16th. The technology company reported $0.19 earnings per share for the quarter, hitting the consensus estimate of $0.19. Infosys had a return on equity of 31.60% and a net margin of 17.28%. During the same quarter last year, the firm posted $0.18 earnings per share. As a group, sell-side analysts expect that Infosys Limited will post 0.74 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Guggenheim reissued a “neutral” rating on shares of Infosys in a research note on Friday, January 17th. StockNews.com raised shares of Infosys from a “hold” rating to a “buy” rating in a research note on Monday, April 7th. Finally, CLSA raised Infosys from a “hold” rating to an “outperform” rating in a report on Friday, March 7th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $19.70.

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.