Infosys Limited (NYSE:INFY) Stock Holdings Increased by Fisher Asset Management LLC

Fisher Asset Management LLC raised its position in shares of Infosys Limited (NYSE:INFY) by 0.7% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 14,517,359 shares of the technology company’s stock after purchasing an additional 102,341 shares during the quarter. Fisher Asset Management LLC’s holdings in Infosys were worth $318,221,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Robeco Institutional Asset Management B.V. raised its position in shares of Infosys by 6.2% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 25,841,022 shares of the technology company’s stock valued at $566,435,000 after acquiring an additional 1,501,039 shares in the last quarter. Franklin Resources Inc. increased its stake in Infosys by 2.9% during the third quarter. Franklin Resources Inc. now owns 11,272,051 shares of the technology company’s stock valued at $263,315,000 after purchasing an additional 322,648 shares during the last quarter. BNP Paribas Financial Markets increased its stake in Infosys by 5.1% during the third quarter. BNP Paribas Financial Markets now owns 6,072,537 shares of the technology company’s stock valued at $135,235,000 after purchasing an additional 297,183 shares during the last quarter. Daiwa Securities Group Inc. raised its holdings in shares of Infosys by 11.8% during the third quarter. Daiwa Securities Group Inc. now owns 5,852,900 shares of the technology company’s stock worth $130,344,000 after purchasing an additional 618,400 shares during the period. Finally, Victory Capital Management Inc. lifted its position in shares of Infosys by 6,071.1% in the 3rd quarter. Victory Capital Management Inc. now owns 4,739,830 shares of the technology company’s stock worth $105,556,000 after buying an additional 4,663,023 shares during the last quarter. Institutional investors own 16.20% of the company’s stock.

Infosys Stock Performance

NYSE:INFY opened at $20.09 on Friday. The business has a fifty day moving average of $21.88 and a 200-day moving average of $22.27. The stock has a market cap of $83.19 billion, a price-to-earnings ratio of 25.42, a PEG ratio of 3.50 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 issued its quarterly earnings results on Thursday, January 16th. The technology company reported $0.19 earnings per share 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 period last year, the company posted $0.18 earnings per share. On average, equities research analysts predict that Infosys Limited will post 0.74 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on INFY. Hsbc Global Res raised shares of Infosys from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 9th. HSBC raised Infosys from a “hold” rating to a “buy” rating in a report on Monday, December 9th. StockNews.com raised Infosys from a “hold” rating to a “buy” rating in a report on Wednesday, January 22nd. Finally, Guggenheim restated a “neutral” rating on shares of Infosys in a research note on Friday, January 17th. Two analysts have rated the stock with a sell rating, three have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus 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.