Brooklyn Investment Group Invests $52,000 in Infosys Limited (NYSE:INFY)

Brooklyn Investment Group purchased a new position in Infosys Limited (NYSE:INFY) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 2,376 shares of the technology company’s stock, valued at approximately $52,000.

A number of other hedge funds also recently bought and sold shares of INFY. Robeco Institutional Asset Management B.V. raised its holdings in Infosys by 68.8% in the third quarter. Robeco Institutional Asset Management B.V. now owns 24,339,983 shares of the technology company’s stock worth $542,051,000 after buying an additional 9,923,744 shares during the last quarter. Fisher Asset Management LLC raised its holdings in Infosys by 9.7% in the 3rd quarter. Fisher Asset Management LLC now owns 14,415,018 shares of the technology company’s stock worth $321,022,000 after acquiring an additional 1,271,890 shares during the last quarter. Franklin Resources Inc. lifted its position in Infosys by 2.9% in the 3rd quarter. Franklin Resources Inc. now owns 11,272,051 shares of the technology company’s stock valued at $263,315,000 after acquiring an additional 322,648 shares in the last quarter. Millennium Management LLC boosted its stake in Infosys by 67.9% during the 2nd 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 last quarter. Finally, BNP Paribas Financial Markets increased its holdings in shares of Infosys by 5.1% in the 3rd quarter. BNP Paribas Financial Markets now owns 6,072,537 shares of the technology company’s stock worth $135,235,000 after purchasing an additional 297,183 shares in the last quarter. Institutional investors own 16.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. StockNews.com downgraded Infosys from a “buy” rating to a “hold” rating in a report on Friday, January 3rd. Guggenheim reiterated a “neutral” rating on shares of Infosys in a research note on Friday. Hsbc Global Res upgraded shares of Infosys from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 9th. BMO Capital Markets lifted their target price on shares of Infosys from $23.00 to $25.00 and gave the stock a “market perform” rating in a research report on Friday, October 18th. Finally, HSBC raised Infosys from a “hold” rating to a “buy” rating in a report on Monday, December 9th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $20.22.

Infosys Stock Performance

Shares of Infosys stock opened at $21.16 on Monday. The stock has a market cap of $87.65 billion, a P/E ratio of 27.13, a P/E/G ratio of 3.71 and a beta of 1.00. The stock’s fifty day moving average is $22.53 and its 200 day moving average is $22.19. Infosys Limited has a one year low of $16.04 and a one year high of $23.63.

Infosys (NYSE:INFY) last posted its quarterly earnings data on Thursday, January 16th. The technology company reported $0.19 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.19. Infosys had a return on equity of 31.43% and a net margin of 17.15%. During the same quarter in the previous year, the company posted $0.18 EPS. Analysts predict that Infosys Limited will post 0.74 EPS for the current 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.