Infosys Limited (NYSE:INFY) Position Boosted by Aikya Investment Management Ltd

Aikya Investment Management Ltd lifted its stake in Infosys Limited (NYSE:INFY) by 16.2% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 994,198 shares of the technology company’s stock after buying an additional 138,251 shares during the quarter. Infosys accounts for approximately 9.1% of Aikya Investment Management Ltd’s holdings, making the stock its 3rd largest position. Aikya Investment Management Ltd’s holdings in Infosys were worth $21,793,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of INFY. Bank Julius Baer & Co. Ltd Zurich lifted its holdings in shares of Infosys by 1,668.3% in the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 3,228,211 shares of the technology company’s stock worth $75,470,000 after buying an additional 3,045,656 shares in the last quarter. Public Employees Retirement System of Ohio bought a new stake in Infosys in the third quarter worth $36,039,000. Robeco Institutional Asset Management B.V. increased its position in Infosys by 6.2% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 25,841,022 shares of the technology company’s stock worth $566,435,000 after purchasing an additional 1,501,039 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its position in Infosys by 1,606.5% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,454,437 shares of the technology company’s stock worth $32,143,000 after purchasing an additional 1,369,210 shares during the last quarter. Finally, Fisher Asset Management LLC increased its position in Infosys by 9.7% in the third quarter. Fisher Asset Management LLC now owns 14,415,018 shares of the technology company’s stock worth $321,022,000 after purchasing an additional 1,271,890 shares during the last quarter. Hedge funds and other institutional investors own 16.20% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Infosys Stock Down 2.8 %

INFY stock opened at $18.05 on Friday. The stock has a market capitalization of $74.74 billion, a price-to-earnings ratio of 22.84, a price-to-earnings-growth ratio of 3.50 and a beta of 1.01. Infosys Limited has a twelve month low of $16.04 and a twelve month high of $23.81. The firm’s fifty day simple moving average is $20.90 and its two-hundred day simple moving average is $21.94.

Infosys (NYSE:INFY) last issued 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 quarter last year, the company earned $0.18 earnings per share. As a group, equities research analysts expect that Infosys Limited will post 0.74 EPS for the current 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.