Infosys Ltd (NYSE:INFY) Stake Increased by Todd Asset Management LLC

Todd Asset Management LLC grew its holdings in Infosys Ltd (NYSE:INFY) by 0.1% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,338,544 shares of the technology company’s stock after purchasing an additional 1,572 shares during the period. Todd Asset Management LLC’s holdings in Infosys were worth $14,322,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Next Capital Management LLC bought a new position in Infosys during the first quarter valued at about $26,000. NEXT Financial Group Inc raised its holdings in Infosys by 85.7% during the second quarter. NEXT Financial Group Inc now owns 2,492 shares of the technology company’s stock valued at $27,000 after buying an additional 1,150 shares in the last quarter. Asahi Life Asset Management CO. LTD. acquired a new stake in Infosys during the first quarter valued at approximately $31,000. American Beacon Advisors Inc. boosted its holdings in Infosys by 56.2% during the first quarter. American Beacon Advisors Inc. now owns 3,139 shares of the technology company’s stock valued at $34,000 after purchasing an additional 1,129 shares in the last quarter. Finally, Rational Advisors LLC boosted its holdings in Infosys by 50.0% during the first quarter. Rational Advisors LLC now owns 3,662 shares of the technology company’s stock valued at $40,000 after purchasing an additional 1,221 shares in the last quarter. Institutional investors own 17.28% of the company’s stock.

Shares of NYSE:INFY traded down $0.10 during trading on Friday, reaching $11.11. The stock had a trading volume of 7,862,154 shares, compared to its average volume of 9,906,351. The business’s 50-day moving average price is $11.18 and its 200 day moving average price is $10.78. Infosys Ltd has a 52 week low of $8.85 and a 52 week high of $11.64. The stock has a market capitalization of $47.88 billion, a PE ratio of 20.57, a P/E/G ratio of 2.15 and a beta of 0.53.

Infosys (NYSE:INFY) last posted its quarterly earnings data on Friday, July 12th. The technology company reported $0.13 earnings per share for the quarter, hitting the consensus estimate of $0.13. Infosys had a net margin of 18.26% and a return on equity of 25.55%. The firm had revenue of $218.03 billion during the quarter, compared to analysts’ expectations of $216.51 billion. During the same quarter in the previous year, the company posted $0.13 EPS. Infosys’s revenue was up 14.0% on a year-over-year basis. Equities research analysts anticipate that Infosys Ltd will post 0.55 earnings per share for the current fiscal year.

A number of research analysts have recently issued reports on INFY shares. Wedbush reiterated a “neutral” rating on shares of Infosys in a research note on Friday, July 12th. BMO Capital Markets set a $13.00 target price on shares of Infosys and gave the company a “hold” rating in a research note on Monday, July 15th. Zacks Investment Research upgraded shares of Infosys from a “sell” rating to a “hold” rating in a research note on Friday, May 17th. Citigroup upgraded shares of Infosys from a “neutral” rating to a “buy” rating in a research note on Friday, July 12th. Finally, Wells Fargo & Co set a $12.00 target price on shares of Infosys and gave the company a “hold” rating in a research note on Friday, May 31st. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and one has issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $10.96.

Infosys Company Profile

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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Institutional Ownership by Quarter for Infosys (NYSE:INFY)

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