Haven Global Partners LLC Acquires Shares of 186,028 Infosys Limited (NYSE:INFY)

Haven Global Partners LLC bought a new position in shares of Infosys Limited (NYSE:INFY) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 186,028 shares of the technology company’s stock, valued at approximately $4,078,000. Infosys accounts for 3.8% of Haven Global Partners LLC’s investment portfolio, making the stock its 8th biggest position.

Other large investors have also recently modified their holdings of the company. Mizuho Securities Co. Ltd. purchased a new position in Infosys during the 3rd quarter valued at about $33,000. Brooklyn Investment Group bought a new stake in Infosys during the 4th quarter worth approximately $52,000. Wilmington Savings Fund Society FSB purchased a new stake in Infosys in the 3rd quarter worth approximately $57,000. Whittier Trust Co. of Nevada Inc. boosted its holdings in Infosys by 25.3% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 3,795 shares of the technology company’s stock valued at $85,000 after purchasing an additional 766 shares during the period. Finally, GAMMA Investing LLC grew its position in shares of Infosys by 34.3% during the 3rd quarter. GAMMA Investing LLC now owns 3,936 shares of the technology company’s stock valued at $88,000 after purchasing an additional 1,005 shares in the last quarter. Hedge funds and other institutional investors own 16.20% of the company’s stock.

Infosys Stock Up 0.6 %

Shares of NYSE:INFY opened at $21.95 on Friday. The company’s fifty day moving average is $22.46 and its 200 day moving average is $22.30. Infosys Limited has a 52 week low of $16.04 and a 52 week high of $23.63. The stock has a market cap of $90.89 billion, a PE ratio of 27.78, a PEG ratio of 3.56 and a beta of 1.00.

Infosys (NYSE:INFY) last released its earnings results 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 31.60% and a net margin of 17.28%. During the same period last year, the firm posted $0.18 earnings per share. Sell-side analysts anticipate that Infosys Limited will post 0.74 EPS for the current year.

Analyst Ratings Changes

Several research firms recently issued reports on INFY. Hsbc Global Res raised Infosys from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 9th. StockNews.com raised Infosys from a “hold” rating to a “buy” rating in a report on Wednesday, January 22nd. BMO Capital Markets lifted their target price on shares of Infosys from $23.00 to $25.00 and gave the company a “market perform” rating in a research report on Friday, October 18th. Guggenheim reissued a “neutral” rating on shares of Infosys in a report on Friday, January 17th. Finally, HSBC raised shares of Infosys from a “hold” rating to a “buy” rating in a report on Monday, December 9th. Two analysts have rated the stock with a sell rating, three have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $20.22.

Infosys 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.