Fisher Asset Management LLC Boosts Stock Holdings in Infosys Limited (NYSE:INFY)

Fisher Asset Management LLC grew its stake in shares of Infosys Limited (NYSE:INFY) by 0.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 14,517,359 shares of the technology company’s stock after buying an additional 102,341 shares during the period. Fisher Asset Management LLC owned 0.35% of Infosys worth $318,221,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Robeco Institutional Asset Management B.V. lifted its stake in shares of Infosys by 68.8% in the 3rd 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 in the last quarter. Victory Capital Management Inc. raised its holdings in Infosys by 6,071.1% in the third quarter. Victory Capital Management Inc. now owns 4,739,830 shares of the technology company’s stock valued at $105,556,000 after buying an additional 4,663,023 shares during the period. Public Employees Retirement System of Ohio acquired a new position in Infosys during the third quarter valued at approximately $36,039,000. Connor Clark & Lunn Investment Management Ltd. grew its stake in Infosys by 186.3% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,186,685 shares of the technology company’s stock worth $48,697,000 after buying an additional 1,422,814 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. increased its position in shares of Infosys by 1,606.5% in the fourth 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 in the last quarter. 16.20% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Infosys Stock Performance

Shares of NYSE INFY opened at $20.09 on Friday. The firm has a market cap of $83.19 billion, a price-to-earnings ratio of 25.42, a PEG ratio of 3.50 and a beta of 1.00. Infosys Limited has a 1 year low of $16.04 and a 1 year high of $23.63. The stock’s 50-day simple moving average is $21.88 and its 200-day simple moving average is $22.27.

Infosys (NYSE:INFY) last posted its quarterly earnings data on Thursday, January 16th. The technology company reported $0.19 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.19. Infosys had a return on equity of 31.60% and a net margin of 17.28%. During the same quarter in the prior year, the firm posted $0.18 EPS. As a group, research 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.