Capital Fund Management S.A. purchased a new stake in shares of Infosys Ltd. (NYSE:INFY) during the second quarter, Holdings Channel reports. The fund purchased 138,280 shares of the company’s stock, valued at approximately $2,468,000.
Several other large investors also recently bought and sold shares of the stock. Boston Common Asset Management LLC boosted its stake in Infosys by 5.2% in the second quarter. Boston Common Asset Management LLC now owns 63,485 shares of the company’s stock valued at $1,133,000 after buying an additional 3,120 shares in the last quarter. Pictet Asset Management Ltd. boosted its stake in Infosys by 1.4% in the first quarter. Pictet Asset Management Ltd. now owns 257,425 shares of the company’s stock valued at $4,330,000 after buying an additional 3,620 shares in the last quarter. RPg Family Wealth Advisory LLC boosted its stake in Infosys by 2.4% in the first quarter. RPg Family Wealth Advisory LLC now owns 156,250 shares of the company’s stock valued at $2,972,000 after buying an additional 3,686 shares in the last quarter. Alps Advisors Inc. boosted its stake in Infosys by 46.5% in the second quarter. Alps Advisors Inc. now owns 17,497 shares of the company’s stock valued at $312,000 after buying an additional 5,556 shares in the last quarter. Finally, Logan Capital Management Inc. boosted its stake in Infosys by 13.1% in the first quarter. Logan Capital Management Inc. now owns 78,434 shares of the company’s stock valued at $1,492,000 after buying an additional 9,100 shares in the last quarter. 17.62% of the stock is owned by hedge funds and other institutional investors.
Infosys Ltd. (NYSE:INFY) traded up 0.06% on Wednesday, hitting $15.96. The stock had a trading volume of 1,590,738 shares. The firm has a market cap of $36.48 billion, a price-to-earnings ratio of 17.54 and a beta of 1.07. Infosys Ltd. has a one year low of $15.64 and a one year high of $20.47. The company’s 50-day moving average price is $16.04 and its 200 day moving average price is $17.62.
Infosys (NYSE:INFY) last posted its earnings results on Friday, July 15th. The company reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.23 by $0.01. Infosys had a net margin of 21.41% and a return on equity of 23.24%. The company earned $2.50 billion during the quarter. During the same quarter in the prior year, the firm posted $0.21 earnings per share. The business’s quarterly revenue was up 16.9% compared to the same quarter last year. Analysts expect that Infosys Ltd. will post $0.95 earnings per share for the current year.
Several equities research analysts recently commented on the company. Nomura cut Infosys from a “buy” rating to a “neutral” rating in a report on Monday, July 18th. Cantor Fitzgerald reaffirmed a “hold” rating on shares of Infosys in a report on Monday, August 8th. Zacks Investment Research raised Infosys from a “sell” rating to a “hold” rating in a report on Wednesday, August 17th. BMO Capital Markets reaffirmed a “hold” rating on shares of Infosys in a report on Monday, July 18th. Finally, Credit Suisse Group AG cut Infosys from an “outperform” rating to a “neutral” rating and raised their target price for the stock from $15.71 to $16.81 in a research note on Monday, July 18th. Fourteen investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Infosys currently has an average rating of “Hold” and an average price target of $18.23.
Infosys Limited is engaged in consulting, technology, outsourcing and next-generation services. The Company, along with its subsidiaries, provides business information technology services comprising application development and maintenance, independent validation, infrastructure management, engineering services comprising product engineering and life cycle solutions and business process management; consulting and systems integration services comprising consulting, enterprise solutions, systems integration and advanced technologies; products, business platforms and solutions to accelerate intellectual property-led innovation, including Finacle, its banking solution, and offerings in the areas of Analytics, Cloud and Digital Transformation.
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