Saturna Capital Corp Purchases 3,228 Shares of Infosys Limited (NYSE:INFY)

Saturna Capital Corp grew its position in Infosys Limited (NYSE:INFY) by 2.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 166,428 shares of the technology company’s stock after acquiring an additional 3,228 shares during the quarter. Saturna Capital Corp’s holdings in Infosys were worth $3,648,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Sierra Ocean LLC bought a new stake in Infosys in the fourth quarter worth $29,000. Mizuho Securities Co. Ltd. purchased a new position in shares of Infosys in the 3rd quarter worth $33,000. Brooklyn Investment Group bought a new stake in shares of Infosys in the 4th quarter worth about $52,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Infosys during the 3rd quarter valued at about $57,000. Finally, GAMMA Investing LLC lifted its holdings in shares of Infosys by 14.2% in the 4th quarter. GAMMA Investing LLC now owns 4,496 shares of the technology company’s stock valued at $99,000 after acquiring an additional 560 shares during the last quarter. 16.20% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have weighed in on INFY shares. Hsbc Global Res raised Infosys from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 9th. HSBC raised Infosys from a “hold” rating to a “buy” rating in a research report on Monday, December 9th. CLSA upgraded Infosys from a “hold” rating to an “outperform” rating in a research report on Friday, March 7th. Guggenheim reissued a “neutral” rating on shares of Infosys in a research note on Friday, January 17th. Finally, StockNews.com lowered shares of Infosys from a “buy” rating to a “hold” rating in a report on Monday. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $20.22.

Infosys Stock Performance

Shares of NYSE INFY opened at $18.99 on Wednesday. The stock has a 50 day moving average price of $21.49 and a 200 day moving average price of $22.15. The firm has a market capitalization of $78.67 billion, a price-to-earnings ratio of 24.04, a PEG ratio of 3.50 and a beta of 1.01. Infosys Limited has a 52-week low of $16.04 and a 52-week high of $23.63.

Infosys (NYSE:INFY) last announced its quarterly earnings results on Thursday, January 16th. The technology company reported $0.19 EPS for the quarter, meeting 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 company earned $0.18 EPS. Analysts forecast 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.