97,654 Shares in Infosys Limited (NYSE:INFY) Acquired by Capital Wealth Planning LLC

Capital Wealth Planning LLC acquired a new position in Infosys Limited (NYSE:INFY) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 97,654 shares of the technology company’s stock, valued at approximately $2,141,000.

Other institutional investors have also recently bought and sold shares of the company. Robeco Institutional Asset Management B.V. grew its holdings in Infosys by 68.8% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 24,339,983 shares of the technology company’s stock worth $542,051,000 after acquiring an additional 9,923,744 shares during the period. Victory Capital Management Inc. grew its holdings in Infosys by 6,071.1% during the 3rd quarter. Victory Capital Management Inc. now owns 4,739,830 shares of the technology company’s stock worth $105,556,000 after acquiring an additional 4,663,023 shares during the period. Public Employees Retirement System of Ohio acquired a new stake in Infosys during the 3rd quarter worth $36,039,000. Connor Clark & Lunn Investment Management Ltd. grew its holdings in Infosys by 186.3% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,186,685 shares of the technology company’s stock worth $48,697,000 after acquiring an additional 1,422,814 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. grew its holdings in Infosys by 1,606.5% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,454,437 shares of the technology company’s stock worth $32,143,000 after acquiring an additional 1,369,210 shares during the period. Institutional investors own 16.20% of the company’s stock.

Wall Street Analysts Forecast Growth

INFY has been the subject of a number of analyst reports. Guggenheim reaffirmed a “neutral” rating on shares of Infosys in a report on Friday, January 17th. StockNews.com raised shares of Infosys from a “hold” rating to a “buy” rating in a report on Wednesday, January 22nd. HSBC raised shares of Infosys from a “hold” rating to a “buy” rating in a report on Monday, December 9th. Finally, Hsbc Global Res raised shares of Infosys from a “hold” rating to a “strong-buy” rating in a report on Monday, December 9th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Infosys presently has an average rating of “Hold” and a consensus target price of $20.22.

Infosys Stock Down 2.0 %

Shares of INFY stock opened at $20.09 on Friday. The firm has a market capitalization of $83.19 billion, a price-to-earnings ratio of 25.42, a price-to-earnings-growth ratio of 3.50 and a beta of 1.00. Infosys Limited has a 12-month low of $16.04 and a 12-month high of $23.63. The firm has a fifty day moving average of $21.88 and a 200-day moving average of $22.28.

Infosys (NYSE:INFY) last announced its earnings results on Thursday, January 16th. The technology company reported $0.19 earnings per share 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 last year, the firm posted $0.18 earnings per share. Research analysts expect that Infosys Limited will post 0.74 earnings per share for the current year.

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.