William Blair Investment Management LLC Has $37.56 Million Stock Position in Infosys Limited (NYSE:INFY)

William Blair Investment Management LLC boosted its holdings in shares of Infosys Limited (NYSE:INFY) by 3.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,713,529 shares of the technology company’s stock after buying an additional 59,200 shares during the period. William Blair Investment Management LLC’s holdings in Infosys were worth $37,561,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Sierra Ocean LLC acquired a new position in Infosys during the fourth quarter valued at $29,000. Brooklyn Investment Group purchased a new stake in shares of Infosys during the 4th quarter worth about $52,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Infosys during the 3rd quarter worth about $57,000. Farther Finance Advisors LLC raised its stake in shares of Infosys by 69.7% during the 4th quarter. Farther Finance Advisors LLC now owns 3,115 shares of the technology company’s stock worth $68,000 after purchasing an additional 1,279 shares in the last quarter. Finally, GAMMA Investing LLC raised its stake in shares of Infosys by 14.2% during 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. 16.20% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have recently weighed in on INFY. Guggenheim reaffirmed a “neutral” rating on shares of Infosys in a research note on Friday, January 17th. HSBC raised Infosys from a “hold” rating to a “buy” rating in a research note on Monday, December 9th. CLSA raised Infosys from a “hold” rating to an “outperform” rating in a research note on Friday, March 7th. Hsbc Global Res raised Infosys from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 9th. Finally, StockNews.com downgraded Infosys from a “buy” rating to a “hold” rating in a research note on Monday, March 10th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $19.78.

Infosys Stock Up 1.0 %

INFY opened at $18.59 on Tuesday. The firm has a market capitalization of $76.98 billion, a P/E ratio of 23.53, a price-to-earnings-growth ratio of 3.50 and a beta of 1.01. The stock’s 50 day moving average price is $21.16 and its two-hundred day moving average price is $22.03. Infosys Limited has a 12-month low of $16.04 and a 12-month high of $23.81.

Infosys (NYSE:INFY) last released 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 return on equity of 31.60% and a net margin of 17.28%. During the same period last year, the company posted $0.18 EPS. As a group, analysts anticipate that Infosys Limited will post 0.74 earnings per share for the current year.

About Infosys

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.