Renaissance Technologies LLC bought a new position in shares of Infosys Limited (NYSE:INFY) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,159,300 shares of the technology company’s stock, valued at approximately $32,433,000. Renaissance Technologies LLC owned 0.09% of Infosys Limited at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in INFY. Envestnet Asset Management Inc. lifted its position in Infosys Limited by 10.5% during the first quarter. Envestnet Asset Management Inc. now owns 44,471 shares of the technology company’s stock worth $703,000 after buying an additional 4,221 shares during the period. Stifel Financial Corp lifted its position in Infosys Limited by 23.2% during the first quarter. Stifel Financial Corp now owns 32,706 shares of the technology company’s stock worth $518,000 after buying an additional 6,159 shares during the period. AXA lifted its position in Infosys Limited by 7.2% during the first quarter. AXA now owns 242,138 shares of the technology company’s stock worth $3,826,000 after buying an additional 16,211 shares during the period. PNC Financial Services Group Inc. lifted its position in Infosys Limited by 82.0% during the first quarter. PNC Financial Services Group Inc. now owns 7,547 shares of the technology company’s stock worth $120,000 after buying an additional 3,400 shares during the period. Finally, Legal & General Group Plc lifted its position in Infosys Limited by 1.0% during the first quarter. Legal & General Group Plc now owns 391,567 shares of the technology company’s stock worth $6,189,000 after buying an additional 3,700 shares during the period. Hedge funds and other institutional investors own 19.89% of the company’s stock.

Several equities analysts recently weighed in on the company. Robert W. Baird reiterated a “hold” rating and set a $16.00 target price on shares of Infosys Limited in a research report on Wednesday. Cowen and Company set a $15.00 price target on Infosys Limited and gave the stock a “hold” rating in a research note on Friday, August 18th. Zacks Investment Research upgraded Infosys Limited from a “hold” rating to a “buy” rating and set a $17.00 price target for the company in a research note on Tuesday, September 19th. BMO Capital Markets restated a “hold” rating and set a $16.00 price target on shares of Infosys Limited in a research note on Friday, August 18th. Finally, Stifel Nicolaus restated a “hold” rating and set a $15.50 price target on shares of Infosys Limited in a research note on Friday, August 18th. Three equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and three have issued a buy rating to the company’s stock. Infosys Limited has a consensus rating of “Hold” and a consensus target price of $15.34.

Shares of Infosys Limited (NYSE INFY) opened at 14.52 on Friday. The stock has a 50 day moving average price of $14.71 and a 200-day moving average price of $15.09. Infosys Limited has a 1-year low of $13.42 and a 1-year high of $16.71. The firm has a market cap of $33.19 billion, a price-to-earnings ratio of 15.30 and a beta of 0.74.

Infosys Limited (NYSE:INFY) last announced its quarterly earnings results on Friday, July 14th. The technology company reported $0.24 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.01. Infosys Limited had a return on equity of 21.37% and a net margin of 20.95%. The company had revenue of $170.78 billion during the quarter, compared to analysts’ expectations of $170.51 billion. During the same quarter in the previous year, the firm earned $0.22 earnings per share. The business’s quarterly revenue was up 1.8% compared to the same quarter last year. On average, equities research analysts expect that Infosys Limited will post $0.98 earnings per share for the current fiscal year.

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Infosys Limited Company Profile

Infosys Limited is engaged in consulting, technology, outsourcing and next-generation services. The Company, along with its subsidiaries, provides business information technology services comprising application development and maintenance, independent validation, infrastructure management, engineering services comprising product engineering and life cycle solutions and business process management; consulting and systems integration services comprising consulting, enterprise solutions, systems integration and advanced technologies; products, business platforms and solutions to accelerate intellectual property-led innovation, including Finacle, its banking solution, and offerings in the areas of Analytics, Cloud and Digital Transformation.

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Institutional Ownership by Quarter for Infosys Limited (NYSE:INFY)

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