Infosys Limited (NYSE:INFY) Shares Bought by Blue Trust Inc.

Blue Trust Inc. lifted its position in shares of Infosys Limited (NYSE:INFY) by 61.2% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 76,065 shares of the technology company’s stock after purchasing an additional 28,880 shares during the period. Blue Trust Inc.’s holdings in Infosys were worth $1,694,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in INFY. Robeco Institutional Asset Management B.V. raised its stake in shares of Infosys by 68.8% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 24,339,983 shares of the technology company’s stock valued at $542,051,000 after acquiring an additional 9,923,744 shares during the period. Victory Capital Management Inc. raised its position in Infosys by 6,071.1% in the third quarter. Victory Capital Management Inc. now owns 4,739,830 shares of the technology company’s stock valued at $105,556,000 after purchasing an additional 4,663,023 shares during the period. Public Employees Retirement System of Ohio purchased a new position in Infosys in the third quarter valued at about $36,039,000. Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of Infosys by 186.3% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,186,685 shares of the technology company’s stock worth $48,697,000 after purchasing an additional 1,422,814 shares in the last quarter. Finally, Fisher Asset Management LLC boosted its position in shares of 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 buying an additional 1,271,890 shares during the period. 16.20% of the stock is owned by hedge funds and other institutional investors.

Infosys Price Performance

Shares of INFY stock opened at $21.53 on Tuesday. The firm has a fifty day moving average of $22.49 and a two-hundred day moving average of $22.28. The firm has a market cap of $89.15 billion, a P/E ratio of 27.25, a P/E/G ratio of 3.54 and a beta of 1.00. Infosys Limited has a 1-year low of $16.04 and a 1-year high of $23.63.

Infosys (NYSE:INFY) last posted its quarterly earnings results on Thursday, January 16th. The technology company reported $0.19 EPS for the quarter, hitting 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 in the prior year, the business earned $0.18 earnings per share. On average, sell-side analysts expect that Infosys Limited will post 0.74 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Guggenheim reissued a “neutral” rating on shares of Infosys in a research report on Friday, January 17th. HSBC raised shares of Infosys from a “hold” rating to a “buy” rating in a research report on Monday, December 9th. Investec lowered shares of Infosys from a “hold” rating to a “sell” rating in a report on Thursday, October 3rd. BMO Capital Markets boosted their price objective on shares of Infosys from $23.00 to $25.00 and gave the stock a “market perform” rating in a report on Friday, October 18th. Finally, StockNews.com upgraded Infosys from a “hold” rating to a “buy” rating in a research note on Wednesday, January 22nd. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Infosys currently has an average rating of “Hold” and an average target price of $20.22.

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.