Hexavest Inc. Has $16.46 Million Stake in Infosys Ltd (INFY)

Hexavest Inc. raised its holdings in shares of Infosys Ltd (NYSE:INFY) by 16.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,014,916 shares of the technology company’s stock after acquiring an additional 146,837 shares during the quarter. Hexavest Inc.’s holdings in Infosys were worth $16,462,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in the company. The Manufacturers Life Insurance Company boosted its position 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 acquiring an additional 395 shares in the last quarter. M&T Bank Corp boosted its position in shares of Infosys by 0.9% during the 2nd quarter. M&T Bank Corp now owns 68,760 shares of the technology company’s stock worth $1,033,000 after acquiring an additional 590 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in shares of Infosys by 4.7% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 13,365 shares of the technology company’s stock worth $201,000 after acquiring an additional 605 shares in the last quarter. Peapack Gladstone Financial Corp boosted its position in shares of Infosys by 6.0% during the 2nd quarter. Peapack Gladstone Financial Corp now owns 17,720 shares of the technology company’s stock worth $266,000 after acquiring an additional 1,000 shares in the last quarter. Finally, American Century Companies Inc. boosted its position in shares of Infosys by 1.7% during the 2nd quarter. American Century Companies Inc. now owns 78,808 shares of the technology company’s stock worth $1,184,000 after acquiring an additional 1,280 shares in the last quarter. 18.85% of the stock is owned by institutional investors and hedge funds.

Several research analysts have recently issued reports on the company. Zacks Investment Research cut Infosys from a “buy” rating to a “hold” rating in a research report on Thursday. Cowen reaffirmed a “hold” rating and set a $15.00 price objective on shares of Infosys in a research report on Thursday, October 12th. Robert W. Baird reissued a “hold” rating and issued a $16.00 target price on shares of Infosys in a research report on Wednesday, October 4th. Oppenheimer reissued a “hold” rating on shares of Infosys in a research report on Tuesday, October 24th. Finally, Goldman Sachs Group raised Infosys from a “sell” rating to a “neutral” rating and upped their target price for the company from $12.40 to $12.88 in a research report on Sunday, September 17th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $15.34.

Shares of Infosys Ltd (NYSE:INFY) opened at $16.81 on Friday. The stock has a market capitalization of $35,770.00, a PE ratio of 16.81, a P/E/G ratio of 1.97 and a beta of 0.73. Infosys Ltd has a 1 year low of $13.42 and a 1 year high of $17.37.

Infosys (NYSE:INFY) last announced its earnings results on Friday, January 12th. The technology company reported $0.25 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.25. The firm had revenue of $2.76 billion during the quarter, compared to analysts’ expectations of $2.74 billion. Infosys had a return on equity of 21.05% and a net margin of 21.04%. During the same period in the prior year, the firm earned $0.24 EPS. research analysts anticipate that Infosys Ltd will post 0.99 EPS for the current year.

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About Infosys

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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Institutional Ownership by Quarter for Infosys (NYSE:INFY)

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