NINE MASTS CAPITAL Ltd acquired a new stake in shares of Infosys Ltd (NYSE:INFY) in the 4th quarter, HoldingsChannel reports. The firm acquired 1,663,000 shares of the technology company’s stock, valued at approximately $27,245,000. Infosys comprises about 3.6% of NINE MASTS CAPITAL Ltd’s portfolio, making the stock its 8th biggest holding.
A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Vanguard Group Inc. raised its stake in shares of Infosys by 1.7% during the 2nd quarter. Vanguard Group Inc. now owns 4,772,921 shares of the technology company’s stock worth $71,689,000 after buying an additional 80,342 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of Infosys by 2.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 18,729 shares of the technology company’s stock worth $282,000 after buying an additional 395 shares in the last quarter. APG Asset Management N.V. purchased a new position in shares of Infosys during the 3rd quarter worth approximately $6,205,000. Aperio Group LLC raised its stake in shares of Infosys by 1.6% during the 3rd quarter. Aperio Group LLC now owns 865,665 shares of the technology company’s stock worth $12,630,000 after buying an additional 13,325 shares in the last quarter. Finally, Crossmark Global Holdings Inc. purchased a new position in shares of Infosys during the 3rd quarter worth approximately $1,723,000. 20.03% of the stock is owned by hedge funds and other institutional investors.
A number of equities analysts have recently issued reports on INFY shares. Bank of America raised Infosys from a “neutral” rating to a “buy” rating in a research note on Tuesday, December 5th. BidaskClub downgraded Infosys from a “sell” rating to a “strong sell” rating in a research note on Saturday, November 4th. Morgan Stanley raised Infosys from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, January 16th. Zacks Investment Research raised Infosys from a “hold” rating to a “buy” rating and set a $18.00 target price for the company in a research note on Tuesday, December 26th. Finally, Goldman Sachs Group raised Infosys from a “neutral” rating to a “buy” rating in a research note on Monday, February 5th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $15.77.
Infosys (NYSE:INFY) last released its quarterly earnings results on Friday, January 12th. The technology company reported $0.25 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.25. The business had revenue of $2.76 billion for the quarter, compared to analysts’ expectations of $2.74 billion. Infosys had a return on equity of 21.31% and a net margin of 22.97%. During the same quarter in the prior year, the firm posted $0.24 EPS. research analysts forecast that Infosys Ltd will post 1 earnings per share for the current year.
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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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