Sustainable Growth Advisers LP raised its position in shares of Infosys (NYSE:INFY) by 0.8% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 8,808,817 shares of the technology company’s stock after purchasing an additional 73,371 shares during the quarter. Infosys accounts for about 1.9% of Sustainable Growth Advisers LP’s investment portfolio, making the stock its 27th biggest holding. Sustainable Growth Advisers LP owned 0.41% of Infosys worth $157,237,000 at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in the business. Private Advisor Group LLC bought a new stake in Infosys during the 1st quarter valued at about $345,000. Eagle Asset Management Inc. bought a new stake in Infosys during the 1st quarter valued at about $225,000. Banque Pictet & Cie SA bought a new stake in Infosys during the 1st quarter valued at about $521,000. ClariVest Asset Management LLC increased its stake in Infosys by 200.8% during the 1st quarter. ClariVest Asset Management LLC now owns 1,019,502 shares of the technology company’s stock valued at $18,199,000 after purchasing an additional 680,600 shares in the last quarter. Finally, Signaturefd LLC increased its stake in Infosys by 27.5% during the 1st quarter. Signaturefd LLC now owns 20,853 shares of the technology company’s stock valued at $372,000 after purchasing an additional 4,496 shares in the last quarter. Institutional investors and hedge funds own 19.52% of the company’s stock.
Shares of Infosys opened at $17.36 on Friday, according to Marketbeat. The company has a market cap of $37.73 billion, a P/E ratio of 17.36, a price-to-earnings-growth ratio of 1.80 and a beta of 0.62. Infosys has a 12-month low of $13.88 and a 12-month high of $18.71.
Infosys (NYSE:INFY) last announced its earnings results on Friday, April 13th. The technology company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.01. The company had revenue of $2.81 billion during the quarter, compared to analyst estimates of $2.77 billion. Infosys had a net margin of 22.73% and a return on equity of 21.93%. During the same period in the previous year, the business posted $0.24 earnings per share. equities analysts predict that Infosys will post 1.05 EPS for the current fiscal year.
A number of brokerages have recently commented on INFY. UBS upgraded shares of Infosys from a “neutral” rating to a “buy” rating in a research note on Monday, January 22nd. Goldman Sachs upgraded shares of Infosys from a “neutral” rating to a “buy” rating in a research note on Monday, February 5th. ValuEngine lowered shares of Infosys from a “buy” rating to a “hold” rating in a research note on Thursday. Berenberg Bank began coverage on shares of Infosys in a research note on Friday, April 6th. They issued a “sell” rating and a $14.00 price target for the company. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $16.00 price target on shares of Infosys in a research note on Friday, April 13th. Four equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and six have given a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $16.35.
Infosys Limited, together with its subsidiaries, provides consulting, technology, and outsourcing services in North America, Europe, India, and internationally. It provides business information technology services, including application development and maintenance, independent validation, infrastructure management, and business process management services, as well as engineering services, such as engineering and life cycle solutions; and consulting and systems integration services comprising consulting, enterprise solutions, systems integration, and advanced technologies.
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