Infosys Limited (NYSE:INFY) Holdings Increased by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of Infosys Limited (NYSE:INFY) by 36.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,983,837 shares of the technology company’s stock after buying an additional 797,152 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned about 0.07% of Infosys worth $65,406,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Assetmark Inc. raised its holdings in shares of Infosys by 37.4% in the 3rd quarter. Assetmark Inc. now owns 25,963 shares of the technology company’s stock worth $578,000 after purchasing an additional 7,066 shares in the last quarter. Baillie Gifford & Co. raised its holdings in shares of Infosys by 4.6% in the 3rd quarter. Baillie Gifford & Co. now owns 3,089,058 shares of the technology company’s stock worth $68,793,000 after purchasing an additional 135,911 shares in the last quarter. Victory Capital Management Inc. raised its holdings 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 purchasing an additional 4,663,023 shares in the last quarter. Empower Advisory Group LLC raised its holdings in shares of Infosys by 23.4% in the 3rd quarter. Empower Advisory Group LLC now owns 20,120 shares of the technology company’s stock worth $448,000 after purchasing an additional 3,820 shares in the last quarter. Finally, D Orazio & Associates Inc. raised its holdings in shares of Infosys by 9.1% in the 3rd quarter. D Orazio & Associates Inc. now owns 16,068 shares of the technology company’s stock worth $358,000 after purchasing an additional 1,344 shares in the last quarter. 16.20% of the stock is currently owned by institutional investors.

Infosys Trading Down 2.5 %

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 company has a market capitalization of $76.65 billion, a PE ratio of 23.42, a price-to-earnings-growth ratio of 3.50 and a beta of 1.01. The firm’s fifty day simple moving average is $21.42 and its 200-day simple moving average is $22.13.

Infosys (NYSE:INFY) last posted 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 in the prior year, the firm earned $0.18 EPS. As a group, analysts predict that Infosys Limited will post 0.74 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on INFY shares. StockNews.com lowered shares of Infosys from a “buy” rating to a “hold” rating in a report on Monday. CLSA raised shares of Infosys from a “hold” rating to an “outperform” rating in a research note on Friday, March 7th. HSBC raised Infosys from a “hold” rating to a “buy” rating in a research report on Monday, December 9th. Guggenheim reissued a “neutral” rating on shares of Infosys in a research report on Friday, January 17th. Finally, Hsbc Global Res upgraded Infosys from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 9th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus 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.