Haven Private LLC Acquires Shares of 36,287 Infosys Limited (NYSE:INFY)

Haven Private LLC acquired a new stake in Infosys Limited (NYSE:INFY) during the 4th quarter, Holdings Channel reports. The institutional investor acquired 36,287 shares of the technology company’s stock, valued at approximately $795,000.

Several other hedge funds also recently added to or reduced their stakes in the stock. Robeco Institutional Asset Management B.V. raised 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 valued at $566,435,000 after purchasing an additional 1,501,039 shares during the period. Fisher Asset Management LLC raised its position in Infosys by 0.7% in the fourth quarter. Fisher Asset Management LLC now owns 14,517,359 shares of the technology company’s stock valued at $318,221,000 after purchasing an additional 102,341 shares during the period. Franklin Resources Inc. raised its position in Infosys by 2.9% in the third quarter. Franklin Resources Inc. now owns 11,272,051 shares of the technology company’s stock valued at $263,315,000 after purchasing an additional 322,648 shares during the period. BNP Paribas Financial Markets raised its position in Infosys by 5.1% in the third quarter. BNP Paribas Financial Markets now owns 6,072,537 shares of the technology company’s stock valued at $135,235,000 after purchasing an additional 297,183 shares during the period. Finally, Daiwa Securities Group Inc. grew its stake in shares of Infosys by 11.8% during the third quarter. Daiwa Securities Group Inc. now owns 5,852,900 shares of the technology company’s stock valued at $130,344,000 after acquiring an additional 618,400 shares in the last quarter. 16.20% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Infosys Stock Down 1.6 %

Shares of Infosys stock opened at $19.75 on Friday. The firm has a market cap of $81.79 billion, a P/E ratio of 24.99, a P/E/G ratio of 3.50 and a beta of 1.00. Infosys Limited has a fifty-two week low of $16.04 and a fifty-two week high of $23.63. The business has a 50-day moving average price of $21.65 and a 200 day moving average price of $22.22.

Infosys (NYSE:INFY) last issued its quarterly earnings data 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 return on equity of 31.60% and a net margin of 17.28%. During the same quarter in the prior year, the firm earned $0.18 earnings per share. As a group, equities research analysts anticipate that Infosys Limited will post 0.74 earnings per share 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.