186,028 Shares in Infosys Limited (NYSE:INFY) Purchased by Haven Global Partners LLC

Haven Global Partners LLC acquired a new stake in shares of Infosys Limited (NYSE:INFY) during the 4th quarter, HoldingsChannel.com reports. The fund acquired 186,028 shares of the technology company’s stock, valued at approximately $4,078,000. Infosys comprises approximately 3.8% of Haven Global Partners LLC’s portfolio, making the stock its 8th largest position.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in INFY. Caprock Group LLC grew its holdings in Infosys by 11.6% in the fourth quarter. Caprock Group LLC now owns 70,941 shares of the technology company’s stock worth $1,555,000 after purchasing an additional 7,348 shares during the period. Robeco Institutional Asset Management B.V. grew its stake in shares of Infosys by 6.2% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 25,841,022 shares of the technology company’s stock worth $566,435,000 after buying an additional 1,501,039 shares during the last quarter. R Squared Ltd bought a new stake in Infosys in the fourth quarter worth $532,000. Foster Group Inc. increased its holdings in shares of Infosys by 8.7% during the fourth quarter. Foster Group Inc. now owns 10,421 shares of the technology company’s stock valued at $228,000 after acquiring an additional 832 shares in the last quarter. Finally, BSW Wealth Partners raised its position in shares of Infosys by 3.9% in the 4th quarter. BSW Wealth Partners now owns 20,989 shares of the technology company’s stock worth $460,000 after purchasing an additional 790 shares during the last quarter. Hedge funds and other institutional investors own 16.20% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on INFY shares. 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 report on Friday, January 17th. HSBC raised Infosys from a “hold” rating to a “buy” rating in a research report on Monday, December 9th. StockNews.com raised shares of Infosys from a “hold” rating to a “buy” rating in a report on Wednesday, January 22nd. Finally, BMO Capital Markets raised their target price 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. Two analysts have rated the stock with a sell rating, three have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $20.22.

Infosys Trading Up 0.6 %

NYSE INFY opened at $21.95 on Friday. The stock has a market cap of $90.89 billion, a PE ratio of 27.78, a P/E/G ratio of 3.56 and a beta of 1.00. The stock’s 50 day moving average is $22.46 and its 200 day moving average is $22.30. Infosys Limited has a 12 month low of $16.04 and a 12 month high of $23.63.

Infosys (NYSE:INFY) last posted its earnings results on Thursday, January 16th. The technology company reported $0.19 earnings per share for the quarter, meeting 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 period last year, the firm earned $0.18 earnings per share. On average, analysts forecast that Infosys Limited will post 0.74 EPS for the current fiscal 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.