RWC Asset Management LLP Increases Position in Infosys Limited (NYSE:INFY)

RWC Asset Management LLP grew its holdings in shares of Infosys Limited (NYSE:INFY) by 4.3% in the 4th quarter, Holdings Channel.com reports. The firm owned 1,439,629 shares of the technology company’s stock after acquiring an additional 59,809 shares during the period. Infosys makes up approximately 1.6% of RWC Asset Management LLP’s portfolio, making the stock its 19th largest holding. RWC Asset Management LLP’s holdings in Infosys were worth $31,557,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in INFY. Outlook Wealth Advisors LLC raised its stake in Infosys by 2.8% during the fourth quarter. Outlook Wealth Advisors LLC now owns 18,405 shares of the technology company’s stock valued at $403,000 after buying an additional 508 shares during the last quarter. Canopy Partners LLC raised its position in shares of Infosys by 3.1% in the 3rd quarter. Canopy Partners LLC now owns 17,129 shares of the technology company’s stock worth $381,000 after purchasing an additional 522 shares during the last quarter. GAMMA Investing LLC boosted its stake in Infosys by 14.2% in the 4th quarter. GAMMA Investing LLC now owns 4,496 shares of the technology company’s stock worth $99,000 after purchasing an additional 560 shares in the last quarter. Flagship Harbor Advisors LLC grew its position in Infosys by 6.2% during the 4th quarter. Flagship Harbor Advisors LLC now owns 11,026 shares of the technology company’s stock valued at $242,000 after purchasing an additional 641 shares during the last quarter. Finally, Modera Wealth Management LLC increased its stake in Infosys by 0.4% during the 3rd quarter. Modera Wealth Management LLC now owns 183,028 shares of the technology company’s stock valued at $4,076,000 after purchasing an additional 653 shares in the last quarter. 16.20% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

INFY has been the topic of several analyst reports. HSBC raised Infosys from a “hold” rating to a “buy” rating in a research report on Monday, December 9th. StockNews.com raised Infosys from a “hold” rating to a “buy” rating in a report on Wednesday, January 22nd. Guggenheim reiterated a “neutral” rating on shares of Infosys in a report on Friday, January 17th. Finally, Hsbc Global Res upgraded shares of Infosys from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 9th. Two research analysts have rated the stock with a sell rating, three have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $20.22.

Infosys Stock Performance

Shares of NYSE INFY opened at $21.17 on Monday. The business’s 50 day moving average price is $22.13 and its 200-day moving average price is $22.31. Infosys Limited has a fifty-two week low of $16.04 and a fifty-two week high of $23.63. The company has a market cap of $87.67 billion, a price-to-earnings ratio of 26.79, a PEG ratio of 3.50 and a beta of 1.00.

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