Rational Advisors LLC boosted its holdings in Infosys Ltd (NYSE:INFY) by 50.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,662 shares of the technology company’s stock after purchasing an additional 1,221 shares during the quarter. Rational Advisors LLC’s holdings in Infosys were worth $40,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also added to or reduced their stakes in INFY. Investec Asset Management LTD grew its position in Infosys by 8.6% during the first quarter. Investec Asset Management LTD now owns 43,046,945 shares of the technology company’s stock valued at $470,503,000 after acquiring an additional 3,418,796 shares during the period. GQG Partners LLC grew its position in Infosys by 32.1% during the fourth quarter. GQG Partners LLC now owns 21,147,668 shares of the technology company’s stock valued at $201,355,000 after acquiring an additional 5,136,841 shares during the period. Massachusetts Financial Services Co. MA grew its position in Infosys by 1,365.7% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 14,227,494 shares of the technology company’s stock valued at $135,446,000 after acquiring an additional 13,256,787 shares during the period. Dimensional Fund Advisors LP grew its position in Infosys by 6.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 11,866,845 shares of the technology company’s stock valued at $112,946,000 after acquiring an additional 743,055 shares during the period. Finally, Vanguard Group Inc. grew its position in Infosys by 109.4% during the third quarter. Vanguard Group Inc. now owns 10,580,778 shares of the technology company’s stock valued at $107,606,000 after acquiring an additional 5,527,728 shares during the period. Hedge funds and other institutional investors own 17.80% of the company’s stock.
A number of equities research analysts have issued reports on the company. Zacks Investment Research raised Infosys from a “sell” rating to a “hold” rating in a research report on Friday, May 17th. Morgan Stanley downgraded Infosys from an “overweight” rating to an “equal weight” rating and set a $10.62 target price for the company. in a research report on Monday, April 15th. Investec downgraded Infosys from a “buy” rating to a “hold” rating in a research report on Monday, April 15th. Citigroup downgraded Infosys from a “buy” rating to a “neutral” rating in a research report on Monday, April 15th. Finally, Wells Fargo & Co reaffirmed a “hold” rating on shares of Infosys in a research report on Friday, April 12th. Two equities research analysts have rated the stock with a sell rating and fifteen have assigned a hold rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $11.26.
Infosys (NYSE:INFY) last issued its quarterly earnings results on Friday, April 12th. The technology company reported $0.13 EPS for the quarter, meeting analysts’ consensus estimates of $0.13. The firm had revenue of $3.06 billion during the quarter, compared to the consensus estimate of $3.04 billion. Infosys had a return on equity of 25.41% and a net margin of 18.62%. During the same quarter in the prior year, the business posted $0.13 earnings per share. As a group, research analysts expect that Infosys Ltd will post 0.55 EPS for the current fiscal year.
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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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