QRG Capital Management Inc. Has $1.28 Million Position in Infosys Limited (NYSE:INFY)

QRG Capital Management Inc. lifted its holdings in Infosys Limited (NYSE:INFY) by 10.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 58,269 shares of the technology company’s stock after purchasing an additional 5,323 shares during the period. QRG Capital Management Inc.’s holdings in Infosys were worth $1,277,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Sierra Ocean LLC bought a new stake in Infosys in the 4th quarter valued at $29,000. Mizuho Securities Co. Ltd. acquired a new position in shares of Infosys during the third quarter valued at about $33,000. Brooklyn Investment Group bought a new stake in shares of Infosys in the fourth quarter valued at about $52,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Infosys in the third quarter valued at about $57,000. Finally, GAMMA Investing LLC grew its position in Infosys by 14.2% during the fourth quarter. GAMMA Investing LLC now owns 4,496 shares of the technology company’s stock worth $99,000 after buying an additional 560 shares in the last quarter. Institutional investors and hedge funds own 16.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on INFY. StockNews.com raised Infosys from a “hold” rating to a “buy” rating in a report on Wednesday, January 22nd. Hsbc Global Res upgraded Infosys from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 9th. HSBC upgraded shares of Infosys from a “hold” rating to a “buy” rating in a research note on Monday, December 9th. Finally, Guggenheim restated a “neutral” rating on shares of Infosys in a research note on Friday, January 17th. Two research analysts have rated the stock with a sell rating, three have given a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $20.22.

Infosys Stock Performance

Shares of NYSE INFY opened at $19.81 on Tuesday. Infosys Limited has a 52-week low of $16.04 and a 52-week high of $23.63. The business has a fifty day moving average of $21.82 and a two-hundred day moving average of $22.27. The stock has a market cap of $82.05 billion, a PE ratio of 25.08, a PEG ratio of 3.50 and a beta of 1.00.

Infosys (NYSE:INFY) last announced its quarterly earnings results on Thursday, January 16th. The technology company reported $0.19 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.19. Infosys had a net margin of 17.28% and a return on equity of 31.60%. During the same quarter in the prior year, the company posted $0.18 earnings per share. Analysts predict that Infosys Limited will post 0.74 earnings per share for the current year.

Infosys Company 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.