Jupiter Asset Management Ltd. Increases Position in Infosys Limited (NYSE:INFY)

Jupiter Asset Management Ltd. grew its holdings in Infosys Limited (NYSE:INFY) by 0.7% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 829,646 shares of the technology company’s stock after buying an additional 5,438 shares during the period. Jupiter Asset Management Ltd.’s holdings in Infosys were worth $15,514,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Arkadios Wealth Advisors raised its holdings in shares of Infosys by 38.9% in the first quarter. Arkadios Wealth Advisors now owns 2,135 shares of the technology company’s stock valued at $39,000 after buying an additional 598 shares during the last quarter. Henry James International Management Inc. raised its holdings in shares of Infosys by 0.3% in the first quarter. Henry James International Management Inc. now owns 199,131 shares of the technology company’s stock valued at $3,728,000 after buying an additional 644 shares during the last quarter. WealthStone Inc. raised its holdings in shares of Infosys by 7.4% in the fourth quarter. WealthStone Inc. now owns 14,465 shares of the technology company’s stock valued at $245,000 after buying an additional 992 shares during the last quarter. James Investment Research Inc. raised its holdings in shares of Infosys by 51.5% in the first quarter. James Investment Research Inc. now owns 3,129 shares of the technology company’s stock valued at $58,000 after buying an additional 1,064 shares during the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its holdings in shares of Infosys by 10.8% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 10,996 shares of the technology company’s stock valued at $206,000 after buying an additional 1,073 shares during the last quarter. 16.05% of the stock is owned by institutional investors and hedge funds.

INFY has been the subject of several analyst reports. Susquehanna Bancshares increased their price target on shares of Infosys from $19.00 to $21.00 and gave the stock a “neutral” rating in a report on Monday, April 12th. Sanford C. Bernstein raised shares of Infosys from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $20.33 to $21.80 in a report on Monday, March 29th. Robert W. Baird increased their price target on shares of Infosys from $17.00 to $18.00 and gave the stock an “underperform” rating in a report on Wednesday, April 14th. They noted that the move was a valuation call. Zacks Investment Research cut shares of Infosys from a “buy” rating to a “hold” rating and set a $19.00 price target for the company. in a report on Friday, April 16th. Finally, Susquehanna increased their price target on shares of Infosys from $19.00 to $21.00 and gave the stock a “neutral” rating in a report on Tuesday, April 13th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $18.97.

INFY stock opened at $19.89 on Friday. The firm has a 50 day simple moving average of $18.64. The firm has a market capitalization of $84.38 billion, a price-to-earnings ratio of 32.61, a PEG ratio of 2.79 and a beta of 0.85. Infosys Limited has a 12 month low of $8.84 and a 12 month high of $19.91.

Infosys (NYSE:INFY) last announced its earnings results on Tuesday, April 13th. The technology company reported $0.16 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.16. Infosys had a net margin of 19.27% and a return on equity of 26.90%. The firm had revenue of $3.61 billion for the quarter, compared to analyst estimates of $3.56 billion. During the same quarter last year, the business earned $1.20 earnings per share. On average, analysts predict that Infosys Limited will post 0.7 earnings per share for the current fiscal year.

About Infosys

Infosys Limited, together with its subsidiaries, provides consulting, technology, outsourcing, and next-generation digital services in North America, Europe, India, and internationally. It provides application development and management, independent validation, product engineering and management, infrastructure management, enterprise application management, and support and integration services.

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Institutional Ownership by Quarter for Infosys (NYSE:INFY)

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