Infosys Limited (NYSE:INFY) Shares Purchased by GQG Partners LLC

GQG Partners LLC raised its holdings in Infosys Limited (NYSE:INFY) by 4.8% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 56,951,544 shares of the technology company’s stock after acquiring an additional 2,615,833 shares during the quarter. Infosys makes up about 3.5% of GQG Partners LLC’s portfolio, making the stock its 8th largest holding. GQG Partners LLC owned about 1.34% of Infosys worth $1,206,521,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. JPMorgan Chase & Co. increased its position in shares of Infosys by 1.4% during the second quarter. JPMorgan Chase & Co. now owns 54,816,282 shares of the technology company’s stock worth $1,161,558,000 after buying an additional 737,732 shares during the period. UBS Asset Management Americas Inc. boosted its stake in Infosys by 619.3% during the first quarter. UBS Asset Management Americas Inc. now owns 49,164,441 shares of the technology company’s stock worth $920,358,000 after acquiring an additional 42,329,564 shares in the last quarter. FIL Ltd boosted its stake in Infosys by 12.7% during the first quarter. FIL Ltd now owns 24,498,985 shares of the technology company’s stock worth $458,621,000 after acquiring an additional 2,756,587 shares in the last quarter. BlackRock Inc. boosted its stake in Infosys by 81.3% during the second quarter. BlackRock Inc. now owns 20,240,829 shares of the technology company’s stock worth $428,904,000 after acquiring an additional 9,076,715 shares in the last quarter. Finally, Neuberger Berman Group LLC boosted its stake in Infosys by 52.4% during the second quarter. Neuberger Berman Group LLC now owns 12,741,563 shares of the technology company’s stock worth $269,563,000 after acquiring an additional 4,381,828 shares in the last quarter. Hedge funds and other institutional investors own 16.14% of the company’s stock.

INFY has been the topic of several research analyst reports. Susquehanna reissued a “neutral” rating and set a $22.00 target price (up from $21.00) on shares of Infosys in a research note on Thursday, July 15th. They noted that the move was a valuation call. BMO Capital Markets raised their price objective on shares of Infosys from $23.00 to $25.00 and gave the company a “market perform” rating in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $21.13.

Shares of INFY stock traded down $0.32 on Thursday, hitting $22.33. The stock had a trading volume of 146,729 shares, compared to its average volume of 7,166,413. The business has a 50 day moving average of $23.12 and a 200 day moving average of $20.91. The stock has a market cap of $94.72 billion, a price-to-earnings ratio of 34.85, a price-to-earnings-growth ratio of 3.34 and a beta of 0.87. Infosys Limited has a 12-month low of $14.05 and a 12-month high of $24.14.

Infosys (NYSE:INFY) last announced its earnings results on Tuesday, October 12th. The technology company reported $0.17 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.17. Infosys had a net margin of 19.40% and a return on equity of 27.75%. During the same period in the prior year, the company earned $0.15 earnings per share. As a group, equities analysts forecast that Infosys Limited will post 0.69 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, Services, Manufacturing, Hi-Tech, Life Sciences, and All Other.

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Institutional Ownership by Quarter for Infosys (NYSE:INFY)

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