Ballentine Partners LLC Purchases 5,307 Shares of Infosys Limited (NYSE:INFY)

Ballentine Partners LLC grew its stake in shares of Infosys Limited (NYSE:INFY) by 6.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 82,824 shares of the technology company’s stock after purchasing an additional 5,307 shares during the quarter. Ballentine Partners LLC’s holdings in Infosys were worth $1,816,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. Robeco Institutional Asset Management B.V. boosted its stake in shares of Infosys by 68.8% during the third quarter. Robeco Institutional Asset Management B.V. now owns 24,339,983 shares of the technology company’s stock valued at $542,051,000 after purchasing an additional 9,923,744 shares during the period. Fisher Asset Management LLC boosted its stake in shares of Infosys by 9.7% during the third quarter. Fisher Asset Management LLC now owns 14,415,018 shares of the technology company’s stock valued at $321,022,000 after purchasing an additional 1,271,890 shares during the period. Franklin Resources Inc. boosted its stake in shares of Infosys by 2.9% during the third quarter. Franklin Resources Inc. now owns 11,272,051 shares of the technology company’s stock valued at $263,315,000 after purchasing an additional 322,648 shares during the period. Millennium Management LLC boosted its stake in shares of Infosys by 67.9% during the second quarter. Millennium Management LLC now owns 7,601,073 shares of the technology company’s stock valued at $141,532,000 after purchasing an additional 3,074,432 shares during the period. Finally, BNP Paribas Financial Markets boosted its stake in shares of Infosys by 5.1% during the third quarter. BNP Paribas Financial Markets now owns 6,072,537 shares of the technology company’s stock valued at $135,235,000 after purchasing an additional 297,183 shares during the period. 16.20% of the stock is owned by hedge funds and other institutional investors.

Infosys Stock Performance

Shares of Infosys stock opened at $21.11 on Wednesday. The company has a market capitalization of $87.44 billion, a PE ratio of 26.72, a P/E/G ratio of 3.45 and a beta of 1.00. The company has a 50-day simple moving average of $22.51 and a two-hundred day simple moving average of $22.22. Infosys Limited has a one year low of $16.04 and a one year high of $23.63.

Infosys (NYSE:INFY) last announced its earnings results on Thursday, January 16th. The technology company reported $0.19 EPS for the quarter, hitting analysts’ consensus estimates of $0.19. Infosys had a net margin of 17.28% and a return on equity of 31.60%. During the same period in the prior year, the firm earned $0.18 earnings per share. On average, equities analysts predict that Infosys Limited will post 0.74 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on INFY shares. BMO Capital Markets upped their price objective on shares of Infosys from $23.00 to $25.00 and gave the stock a “market perform” rating in a research note on Friday, October 18th. Guggenheim reaffirmed a “neutral” rating on shares of Infosys in a research note on Friday, January 17th. HSBC raised shares of Infosys from a “hold” rating to a “buy” rating in a research note on Monday, December 9th. StockNews.com lowered shares of Infosys from a “buy” rating to a “hold” rating in a research note on Friday, January 3rd. Finally, Investec lowered shares of Infosys from a “hold” rating to a “sell” rating in a research note on Thursday, October 3rd. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Infosys has an average rating of “Hold” and an average target price of $20.22.

Infosys Company Profile

Infosys Ltd. is a digital services and consulting company, which engages in the provision of end-to-end business solutions. It operates through the following segments: Financial Services, Retail, Communication, Energy, Utilities, Resources, and Services, Manufacturing, Hi-Tech, Life Sciences, and All Other.