Axiom Investors LLC DE Has $1.61 Million Stake in Infosys Limited (NYSE:INFY)

Axiom Investors LLC DE boosted its holdings in shares of Infosys Limited (NYSE:INFY) by 1.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 73,200 shares of the technology company’s stock after acquiring an additional 1,400 shares during the quarter. Axiom Investors LLC DE’s holdings in Infosys were worth $1,605,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Sierra Ocean LLC acquired a new stake in shares of Infosys in the fourth quarter worth about $29,000. Brooklyn Investment Group acquired a new position in Infosys during the fourth quarter valued at approximately $52,000. Wilmington Savings Fund Society FSB bought a new position in shares of Infosys in the third quarter valued at approximately $57,000. Farther Finance Advisors LLC lifted its stake in shares of Infosys by 69.7% in the fourth quarter. Farther Finance Advisors LLC now owns 3,115 shares of the technology company’s stock worth $68,000 after buying an additional 1,279 shares during the last quarter. Finally, GAMMA Investing LLC boosted its holdings in shares of Infosys by 14.2% during the 4th quarter. GAMMA Investing LLC now owns 4,496 shares of the technology company’s stock worth $99,000 after buying an additional 560 shares during the period. 16.20% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on INFY. CLSA raised shares of Infosys from a “hold” rating to an “outperform” rating in a research report on Friday, March 7th. HSBC raised Infosys from a “hold” rating to a “buy” rating in a research report on Monday, December 9th. StockNews.com lowered Infosys from a “buy” rating to a “hold” rating in a report on Thursday, March 20th. Guggenheim reiterated a “neutral” rating on shares of Infosys in a report on Friday, January 17th. Finally, Hsbc Global Res upgraded shares of Infosys from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 9th. Two analysts have rated the stock with a sell rating, four have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Infosys currently has a consensus rating of “Hold” and an average target price of $19.70.

Infosys Trading Up 0.5 %

Shares of NYSE INFY opened at $18.27 on Tuesday. Infosys Limited has a one year low of $16.04 and a one year high of $23.63. The business has a fifty day simple moving average of $20.40 and a 200 day simple moving average of $21.71. The firm has a market capitalization of $75.66 billion, a price-to-earnings ratio of 23.12, a PEG ratio of 3.50 and a beta of 1.01.

Infosys (NYSE:INFY) last released its quarterly earnings data 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 quarter in the prior year, the business posted $0.18 earnings per share. On average, research analysts anticipate that Infosys Limited will post 0.74 earnings per share for the current fiscal year.

About Infosys

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.