Whittier Trust Co. Increases Stock Holdings in Infosys Limited (NYSE:INFY)

Whittier Trust Co. lifted its position in Infosys Limited (NYSE:INFY) by 52.6% in the fourth quarter, HoldingsChannel reports. The firm owned 34,167 shares of the technology company’s stock after buying an additional 11,770 shares during the period. Whittier Trust Co.’s holdings in Infosys were worth $749,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. OVERSEA CHINESE BANKING Corp Ltd purchased a new position in Infosys during the fourth quarter worth about $307,000. William Blair Investment Management LLC boosted its stake in Infosys by 3.6% during the fourth quarter. William Blair Investment Management LLC now owns 1,713,529 shares of the technology company’s stock worth $37,561,000 after buying an additional 59,200 shares during the period. Signaturefd LLC boosted its stake in Infosys by 2.0% during the fourth quarter. Signaturefd LLC now owns 89,260 shares of the technology company’s stock worth $1,957,000 after buying an additional 1,776 shares during the period. GWN Securities Inc. purchased a new position in Infosys during the fourth quarter worth about $321,000. Finally, Gitterman Wealth Management LLC purchased a new position in Infosys during the fourth quarter worth about $213,000. Hedge funds and other institutional investors own 16.20% of the company’s stock.

Infosys Trading Up 1.5 %

Shares of INFY opened at $18.34 on Friday. The firm has a market cap of $75.96 billion, a PE ratio of 23.21, a price-to-earnings-growth ratio of 3.50 and a beta of 1.01. The company’s 50 day simple moving average is $20.81 and its 200-day simple moving average is $21.90. Infosys Limited has a 12-month low of $16.04 and a 12-month high of $23.81.

Infosys (NYSE:INFY) last announced its earnings results on Thursday, January 16th. The technology company reported $0.19 earnings per share (EPS) for the quarter, hitting 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 firm earned $0.18 EPS. As a group, equities research analysts forecast that Infosys Limited will post 0.74 EPS for the current fiscal year.

Analyst Ratings Changes

INFY has been the subject of several research analyst reports. Guggenheim reaffirmed a “neutral” rating on shares of Infosys in a research note on Friday, January 17th. HSBC raised shares of Infosys from a “hold” rating to a “buy” rating in a report on Monday, December 9th. CLSA raised shares of Infosys from a “hold” rating to an “outperform” rating in a report on Friday, March 7th. Hsbc Global Res raised shares of Infosys from a “hold” rating to a “strong-buy” rating in a report on Monday, December 9th. Finally, StockNews.com cut shares of Infosys from a “buy” rating to a “hold” rating in a report on Thursday. Two analysts have rated the stock with a sell rating, four have issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Infosys has a consensus rating of “Hold” and an average target price of $19.70.

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.