203,710 Shares in Infosys Limited (NYSE:INFY) Acquired by Fullerton Fund Management Co Ltd.

Fullerton Fund Management Co Ltd. purchased a new stake in Infosys Limited (NYSE:INFY) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 203,710 shares of the technology company’s stock, valued at approximately $4,465,000.

Several other hedge funds have also recently bought and sold shares of INFY. SG Americas Securities LLC bought a new stake in Infosys during the 4th quarter worth approximately $311,000. Jones Financial Companies Lllp boosted its stake in Infosys by 15.9% in the fourth quarter. Jones Financial Companies Lllp now owns 7,520 shares of the technology company’s stock worth $165,000 after purchasing an additional 1,030 shares in the last quarter. Haven Global Partners LLC bought a new stake in shares of Infosys during the fourth quarter worth $4,078,000. Barclays PLC increased its stake in shares of Infosys by 11.8% in the third quarter. Barclays PLC now owns 2,523,605 shares of the technology company’s stock valued at $56,200,000 after buying an additional 266,902 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its holdings in shares of Infosys by 69.7% in the fourth quarter. Farther Finance Advisors LLC now owns 3,115 shares of the technology company’s stock valued at $68,000 after buying an additional 1,279 shares during the last quarter. 16.20% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on INFY shares. Investec upgraded shares of Infosys from a “sell” rating to a “buy” rating in a research report on Friday, April 18th. BMO Capital Markets dropped their price objective on shares of Infosys from $25.00 to $18.00 and set a “market perform” rating for the company in a research report on Monday, April 21st. StockNews.com lowered Infosys from a “buy” rating to a “hold” rating in a research report on Wednesday, April 23rd. Stifel Nicolaus cut their price target on Infosys from $18.00 to $17.00 and set a “hold” rating on the stock in a research note on Monday, April 21st. Finally, CLSA raised Infosys from a “hold” rating to an “outperform” rating in a report on Friday, March 7th. Seven research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $17.48.

Infosys Trading Down 0.1 %

NYSE:INFY opened at $17.48 on Friday. Infosys Limited has a 1-year low of $15.82 and a 1-year high of $23.63. The firm has a market capitalization of $72.40 billion, a price-to-earnings ratio of 22.13, a PEG ratio of 3.50 and a beta of 0.98. The business’s 50-day moving average price is $17.81 and its two-hundred day moving average price is $20.56.

Infosys (NYSE:INFY) last announced its quarterly earnings results on Thursday, April 17th. The technology company reported $0.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.01. The business had revenue of $4.79 billion for the quarter, compared to the consensus estimate of $420.69 billion. 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 $0.23 EPS. Sell-side analysts predict that Infosys Limited will post 0.74 earnings per share for the current year.

About Infosys

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.