Stack Financial Management Inc Has $9.70 Million Position in Infosys Ltd (NYSE:INFY)

Stack Financial Management Inc increased its holdings in shares of Infosys Ltd (NYSE:INFY) by 1.3% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 906,761 shares of the technology company’s stock after acquiring an additional 11,916 shares during the period. Stack Financial Management Inc’s holdings in Infosys were worth $9,702,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of INFY. FMR LLC boosted its position in shares of Infosys by 46,711,314.8% during the 1st quarter. FMR LLC now owns 25,224,164 shares of the technology company’s stock valued at $275,699,000 after acquiring an additional 25,224,110 shares in the last quarter. Lazard Asset Management LLC boosted its position in shares of Infosys by 32.0% during the 1st quarter. Lazard Asset Management LLC now owns 37,840,845 shares of the technology company’s stock valued at $413,599,000 after acquiring an additional 9,169,543 shares in the last quarter. FIL Ltd boosted its position in shares of Infosys by 77.4% during the 1st quarter. FIL Ltd now owns 19,335,219 shares of the technology company’s stock valued at $211,333,000 after acquiring an additional 8,433,557 shares in the last quarter. Segantii Capital Management Ltd acquired a new stake in shares of Infosys during the 2nd quarter valued at about $38,440,000. Finally, GQG Partners LLC boosted its position in shares of Infosys by 16.7% during the 1st quarter. GQG Partners LLC now owns 24,689,394 shares of the technology company’s stock valued at $269,535,000 after acquiring an additional 3,541,726 shares in the last quarter. Institutional investors and hedge funds own 17.83% of the company’s stock.

A number of equities analysts have commented on the stock. Deutsche Bank lowered shares of Infosys from a “buy” rating to a “hold” rating in a research report on Monday, April 15th. Wedbush restated a “neutral” rating on shares of Infosys in a research report on Friday, July 12th. Citigroup upgraded shares of Infosys from a “neutral” rating to a “buy” rating in a research report on Friday, July 12th. BMO Capital Markets set a $13.00 price target on shares of Infosys and gave the company a “hold” rating in a research report on Monday, July 15th. Finally, Credit Suisse Group lowered shares of Infosys from a “neutral” rating to an “underperform” rating in a research report on Monday, April 15th. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and one has given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $10.96.

Shares of NYSE INFY traded down $0.12 during trading on Friday, reaching $11.13. The company had a trading volume of 6,078,526 shares, compared to its average volume of 11,304,526. Infosys Ltd has a 52 week low of $8.85 and a 52 week high of $11.64. The stock has a market cap of $48.90 billion, a PE ratio of 20.61, a PEG ratio of 2.15 and a beta of 0.53. The business’s 50 day moving average is $11.06.

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

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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