Bennbridge Ltd Buys New Shares in Infosys Limited (NYSE:INFY)

Bennbridge Ltd bought a new stake in shares of Infosys Limited (NYSE:INFY) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 106,482 shares of the technology company’s stock, valued at approximately $2,334,000. Infosys comprises about 2.4% of Bennbridge Ltd’s investment portfolio, making the stock its 6th largest holding.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Sierra Ocean LLC bought a new stake in Infosys in the 4th quarter worth $29,000. Mizuho Securities Co. Ltd. bought a new stake in Infosys in the 3rd quarter worth $33,000. Brooklyn Investment Group bought a new stake in Infosys in the 4th quarter worth $52,000. Wilmington Savings Fund Society FSB bought a new stake in Infosys in the 3rd quarter worth $57,000. Finally, Farther Finance Advisors LLC grew its holdings in Infosys by 69.7% in the 4th quarter. Farther Finance Advisors LLC now owns 3,115 shares of the technology company’s stock worth $68,000 after acquiring an additional 1,279 shares during the last quarter. Institutional investors own 16.20% of the company’s stock.

Infosys Price Performance

Shares of NYSE INFY opened at $18.51 on Thursday. Infosys Limited has a 1 year low of $16.04 and a 1 year high of $23.63. The stock has a market cap of $76.65 billion, a P/E ratio of 23.42, a price-to-earnings-growth ratio of 3.50 and a beta of 1.01. The firm has a 50-day moving average of $21.42 and a 200 day moving average of $22.13.

Infosys (NYSE:INFY) last issued its quarterly earnings results on Thursday, January 16th. The technology company reported $0.19 earnings per share (EPS) 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 quarter in the previous year, the company posted $0.18 earnings per share. Research analysts expect that Infosys Limited will post 0.74 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

INFY has been the topic of a number of research reports. StockNews.com lowered shares of Infosys from a “buy” rating to a “hold” rating in a research note on Monday. HSBC raised shares of Infosys from a “hold” rating to a “buy” rating in a research note on Monday, December 9th. Hsbc Global Res raised shares of Infosys from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 9th. Guggenheim reaffirmed a “neutral” rating on shares of Infosys in a research note on Friday, January 17th. Finally, CLSA raised shares of Infosys from a “hold” rating to an “outperform” rating in a research note on Friday, March 7th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target 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.