Baillie Gifford & Co. boosted its position in Infosys Ltd (NYSE:INFY) by 6.9% in the 4th quarter, HoldingsChannel.com reports. The firm owned 1,218,669 shares of the technology company’s stock after buying an additional 79,130 shares during the period. Baillie Gifford & Co.’s holdings in Infosys were worth $11,601,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Kiwi Wealth Investments Limited Partnership raised its holdings in shares of Infosys by 1.1% during the 4th quarter. Kiwi Wealth Investments Limited Partnership now owns 158,777 shares of the technology company’s stock worth $1,512,000 after buying an additional 1,756 shares in the last quarter. DSM Capital Partners LLC acquired a new position in shares of Infosys during the 4th quarter worth $386,000. LMR Partners LLP acquired a new position in shares of Infosys during the 4th quarter worth $58,342,000. Stifel Financial Corp raised its holdings in shares of Infosys by 25.5% during the 4th quarter. Stifel Financial Corp now owns 412,856 shares of the technology company’s stock worth $3,932,000 after buying an additional 83,875 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Infosys by 6.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 11,866,845 shares of the technology company’s stock worth $112,946,000 after buying an additional 743,055 shares in the last quarter. Institutional investors and hedge funds own 17.81% of the company’s stock.
INFY has been the subject of a number of research analyst reports. Wedbush lowered their price target on Infosys from $18.00 to $9.00 and set a “neutral” rating for the company in a report on Tuesday, November 27th. Zacks Investment Research cut Infosys from a “hold” rating to a “sell” rating in a report on Tuesday, December 18th. ValuEngine raised Infosys from a “sell” rating to a “hold” rating in a report on Wednesday, January 2nd. Citigroup raised Infosys from a “neutral” rating to a “buy” rating in a report on Friday, January 4th. Finally, Cantor Fitzgerald reissued a “hold” rating and set a $10.00 price target on shares of Infosys in a report on Friday, January 11th. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and four have given a buy rating to the company’s stock. Infosys has a consensus rating of “Hold” and an average target price of $12.75.
Infosys (NYSE:INFY) last issued its quarterly earnings data on Friday, January 11th. The technology company reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.13 by $0.01. The business had revenue of $2.99 billion for the quarter, compared to analyst estimates of $2.95 billion. Infosys had a return on equity of 24.93% and a net margin of 18.95%. On average, analysts forecast that Infosys Ltd will post 0.52 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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