O Shaughnessy Asset Management LLC Has $3.96 Million Stock Holdings in Infosys Limited (NYSE:INFY)

O Shaughnessy Asset Management LLC increased its position in shares of Infosys Limited (NYSE:INFY) by 53.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 178,108 shares of the technology company’s stock after acquiring an additional 62,001 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in Infosys were worth $3,964,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Twin Tree Management LP increased its holdings in shares of Infosys by 46.8% in the second quarter. Twin Tree Management LP now owns 948,640 shares of the technology company’s stock worth $20,102,000 after acquiring an additional 302,533 shares in the last quarter. Mackenzie Financial Corp lifted its position in shares of Infosys by 20.2% in the third quarter. Mackenzie Financial Corp now owns 1,601,517 shares of the technology company’s stock valued at $35,634,000 after buying an additional 269,131 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of Infosys by 1.4% in the second quarter. JPMorgan Chase & Co. now owns 54,816,282 shares of the technology company’s stock valued at $1,161,558,000 after buying an additional 737,732 shares during the last quarter. Banque Pictet & Cie SA lifted its holdings in Infosys by 8.7% during the 3rd quarter. Banque Pictet & Cie SA now owns 228,405 shares of the technology company’s stock worth $5,155,000 after purchasing an additional 18,194 shares during the last quarter. Finally, CAPROCK Group Inc. acquired a new stake in Infosys during the 3rd quarter worth approximately $305,000. 15.75% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE:INFY opened at $26.20 on Friday. The stock’s 50-day moving average price is $23.87 and its 200-day moving average price is $23.04. Infosys Limited has a 12-month low of $16.88 and a 12-month high of $26.39. The stock has a market capitalization of $111.13 billion, a P/E ratio of 38.53, a price-to-earnings-growth ratio of 3.60 and a beta of 0.89.

Infosys (NYSE:INFY) last posted its earnings results on Tuesday, January 11th. The technology company reported $0.18 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.18. Infosys had a net margin of 18.59% and a return on equity of 29.75%. During the same quarter last year, the company earned $0.17 earnings per share. As a group, research analysts expect that Infosys Limited will post 0.71 EPS for the current fiscal year.

INFY has been the topic of a number of research reports. BMO Capital Markets boosted their price objective on Infosys from $25.00 to $28.00 in a research report on Thursday. Susquehanna Bancshares raised Infosys from a “neutral” rating to a “positive” rating and boosted their target price for the company from $22.00 to $29.00 in a research report on Monday, January 10th. Wedbush boosted their price objective on Infosys from $25.00 to $30.00 in a report on Wednesday. Finally, Susquehanna raised Infosys from a “neutral” rating to a “positive” rating and upped their target price for the company from $22.00 to $29.00 in a report on Monday, January 10th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $24.97.

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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