Franklin Resources Inc. Has $11.88 Million Stake in Infosys Ltd (INFY)

Franklin Resources Inc. cut its position in Infosys Ltd (NYSE:INFY) by 87.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 732,463 shares of the technology company’s stock after selling 5,091,599 shares during the period. Franklin Resources Inc.’s holdings in Infosys were worth $11,881,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in INFY. Generation Investment Management LLP increased its stake in shares of Infosys by 145.4% in the fourth quarter. Generation Investment Management LLP now owns 18,036,922 shares of the technology company’s stock worth $292,559,000 after purchasing an additional 10,685,465 shares in the last quarter. Russell Investments Group Ltd. boosted its position in shares of Infosys by 54.2% during the fourth quarter. Russell Investments Group Ltd. now owns 10,646,583 shares of the technology company’s stock worth $171,996,000 after acquiring an additional 3,740,199 shares during the last quarter. Bank of New York Mellon Corp boosted its position in shares of Infosys by 358.0% during the fourth quarter. Bank of New York Mellon Corp now owns 4,679,711 shares of the technology company’s stock worth $75,905,000 after acquiring an additional 3,658,003 shares during the last quarter. Oaktree Capital Management LP boosted its position in shares of Infosys by 8,942.6% during the fourth quarter. Oaktree Capital Management LP now owns 2,866,600 shares of the technology company’s stock worth $46,496,000 after acquiring an additional 2,834,899 shares during the last quarter. Finally, Maple Brown Abbott Ltd boosted its position in shares of Infosys by 71.2% during the fourth quarter. Maple Brown Abbott Ltd now owns 4,103,548 shares of the technology company’s stock worth $66,560,000 after acquiring an additional 1,706,482 shares during the last quarter. 19.69% of the stock is owned by hedge funds and other institutional investors.

How to Become a New Pot Stock Millionaire

Infosys Ltd (NYSE INFY) opened at $17.73 on Monday. Infosys Ltd has a 12-month low of $13.88 and a 12-month high of $18.71. The company has a market cap of $38,529.82, a price-to-earnings ratio of 16.42, a price-to-earnings-growth ratio of 1.95 and a beta of 0.57.

Infosys (NYSE:INFY) last released its quarterly earnings data on Friday, January 12th. The technology company reported $0.25 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.25. Infosys had a net margin of 22.97% and a return on equity of 21.31%. The business had revenue of $2.76 billion during the quarter, compared to analyst estimates of $2.74 billion. During the same quarter last year, the business earned $0.24 earnings per share. equities analysts expect that Infosys Ltd will post 1 earnings per share for the current fiscal year.

A number of brokerages recently weighed in on INFY. UBS lowered shares of Infosys to a “neutral” rating in a research report on Monday, February 5th. ValuEngine upgraded shares of Infosys from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Bank of America upgraded shares of Infosys from a “neutral” rating to a “buy” rating in a research report on Tuesday, December 5th. Susquehanna Bancshares restated a “negative” rating on shares of Infosys in a research report on Monday, February 5th. Finally, Zacks Investment Research lowered shares of Infosys from a “buy” rating to a “hold” rating in a research report on Wednesday, January 17th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $15.77.

WARNING: This story was reported by Ticker Report and is owned by of Ticker Report. If you are reading this story on another website, it was copied illegally and reposted in violation of US and international copyright & trademark legislation. The original version of this story can be accessed at https://www.tickerreport.com/banking-finance/3301457/franklin-resources-inc-has-11-88-million-stake-in-infosys-ltd-infy.html.

Infosys Company Profile

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.

Institutional Ownership by Quarter for Infosys (NYSE:INFY)

Receive News & Ratings for Infosys Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Infosys and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Wheaton Precious Metals Co.  Receives Average Recommendation of “Buy” from Brokerages
Wheaton Precious Metals Co. Receives Average Recommendation of “Buy” from Brokerages
Zacks: Brokerages Expect James River Group Holdings Ltd  Will Post Quarterly Sales of $214.55 Million
Zacks: Brokerages Expect James River Group Holdings Ltd Will Post Quarterly Sales of $214.55 Million
RSGPcoin  Tops 1-Day Volume of $0.00
RSGPcoin Tops 1-Day Volume of $0.00
Privatix  Price Hits $2.15 on Major Exchanges
Privatix Price Hits $2.15 on Major Exchanges
Eaton Co.  Expected to Announce Earnings of $1.06 Per Share
Eaton Co. Expected to Announce Earnings of $1.06 Per Share
Micro Focus  Earning Somewhat Favorable Press Coverage, Study Finds
Micro Focus Earning Somewhat Favorable Press Coverage, Study Finds


© 2006-2018 Ticker Report. Google+.