Oaktree Capital Management LP boosted its holdings in Infosys Ltd (NYSE:INFY) by 8,942.6% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,866,600 shares of the technology company’s stock after buying an additional 2,834,899 shares during the quarter. Infosys makes up 0.7% of Oaktree Capital Management LP’s holdings, making the stock its 28th biggest holding. Oaktree Capital Management LP owned approximately 0.13% of Infosys worth $46,496,000 as of its most recent SEC filing.
Other large investors have also added to or reduced their stakes in the company. Edge Advisors LLC boosted its stake in Infosys by 68.3% in the fourth quarter. Edge Advisors LLC now owns 7,394 shares of the technology company’s stock valued at $119,000 after buying an additional 3,000 shares in the last quarter. High Pointe Capital Management LLC bought a new position in Infosys in the third quarter valued at about $203,000. Foster & Motley Inc. raised its position in Infosys by 28.2% in the fourth quarter. Foster & Motley Inc. now owns 14,628 shares of the technology company’s stock valued at $237,000 after purchasing an additional 3,221 shares during the last quarter. Equity Investment Corp raised its position in Infosys by 50.2% in the third quarter. Equity Investment Corp now owns 15,100 shares of the technology company’s stock valued at $220,000 after purchasing an additional 5,050 shares during the last quarter. Finally, Signaturefd LLC raised its position in Infosys by 28.7% in the fourth quarter. Signaturefd LLC now owns 16,357 shares of the technology company’s stock valued at $265,000 after purchasing an additional 3,652 shares during the last quarter. 19.69% of the stock is currently owned by institutional investors and hedge funds.
Shares of Infosys Ltd (INFY) traded down $0.01 on Wednesday, hitting $18.38. The stock had a trading volume of 2,560,145 shares, compared to its average volume of 6,379,727. Infosys Ltd has a 52 week low of $13.88 and a 52 week high of $18.71. The company has a market capitalization of $40,007.56, a P/E ratio of 17.04, a price-to-earnings-growth ratio of 2.03 and a beta of 0.57.
Infosys (NYSE:INFY) last issued its quarterly earnings data on Friday, January 12th. The technology company reported $0.25 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.25. Infosys had a return on equity of 21.31% and a net margin of 22.97%. The company had revenue of $2.76 billion during the quarter, compared to the consensus estimate of $2.74 billion. During the same period last year, the company earned $0.24 earnings per share. sell-side analysts anticipate that Infosys Ltd will post 1 EPS for the current fiscal year.
Several equities analysts have commented on the company. Cantor Fitzgerald reiterated a “hold” rating and issued a $16.00 target price on shares of Infosys in a research report on Tuesday, January 16th. Zacks Investment Research upgraded Infosys from a “hold” rating to a “buy” rating and set a $19.00 target price for the company in a research report on Tuesday, January 16th. ValuEngine upgraded Infosys from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. UBS Group downgraded Infosys to a “neutral” rating in a research report on Monday, February 5th. Finally, Susquehanna Bancshares reiterated a “negative” rating on shares of Infosys in a research report on Monday, February 5th. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $15.77.
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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