Private Advisor Group LLC boosted its position in shares of Infosys Ltd (NYSE:INFY) by 135.1% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 118,712 shares of the technology company’s stock after purchasing an additional 68,214 shares during the period. Private Advisor Group LLC’s holdings in Infosys were worth $1,207,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Fisher Asset Management LLC grew its holdings in shares of Infosys by 90.7% during the 3rd quarter. Fisher Asset Management LLC now owns 41,232,613 shares of the technology company’s stock valued at $419,336,000 after acquiring an additional 19,614,497 shares in the last quarter. Russell Investments Group Ltd. grew its holdings in shares of Infosys by 97.3% during the 3rd quarter. Russell Investments Group Ltd. now owns 18,033,965 shares of the technology company’s stock valued at $183,071,000 after acquiring an additional 8,892,472 shares in the last quarter. Acadian Asset Management LLC grew its holdings in shares of Infosys by 203.9% during the 3rd quarter. Acadian Asset Management LLC now owns 11,499,954 shares of the technology company’s stock valued at $116,952,000 after acquiring an additional 7,715,822 shares in the last quarter. Genesis Asset Managers LLP grew its holdings in shares of Infosys by 74.4% during the 2nd quarter. Genesis Asset Managers LLP now owns 9,604,671 shares of the technology company’s stock valued at $186,619,000 after acquiring an additional 4,096,369 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in shares of Infosys by 22.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 17,353,458 shares of the technology company’s stock valued at $337,179,000 after acquiring an additional 3,203,387 shares in the last quarter. Hedge funds and other institutional investors own 10.33% of the company’s stock.

Several equities analysts have recently commented on INFY shares. ValuEngine cut shares of Infosys from a “hold” rating to a “sell” rating in a report on Wednesday, September 12th. Robert W. Baird boosted their price target on shares of Infosys from $9.00 to $10.00 and gave the company a “neutral” rating in a report on Friday, September 14th. Goldman Sachs Group cut shares of Infosys from a “buy” rating to a “neutral” rating and set a $11.00 price target on the stock. in a report on Wednesday, October 17th. Morgan Stanley cut shares of Infosys from an “overweight” rating to a “hold” rating in a report on Monday, August 20th. Finally, BMO Capital Markets reiterated a “hold” rating and issued a $11.00 price objective on shares of Infosys in a report on Wednesday, October 17th. Five research analysts have rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the stock. Infosys presently has a consensus rating of “Hold” and a consensus target price of $15.26.

Shares of NYSE:INFY opened at $9.33 on Friday. The firm has a market capitalization of $40.86 billion, a P/E ratio of 18.08, a price-to-earnings-growth ratio of 1.81 and a beta of 0.42. Infosys Ltd has a 1 year low of $7.49 and a 1 year high of $10.65.

Infosys (NYSE:INFY) last issued its quarterly earnings data on Tuesday, October 16th. The technology company reported $0.13 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.13. The firm had revenue of $2.92 billion during the quarter, compared to analysts’ expectations of $2.89 billion. Infosys had a net margin of 21.94% and a return on equity of 24.56%. During the same period in the prior year, the company posted $0.13 earnings per share. On average, analysts anticipate that Infosys Ltd will post 0.52 EPS for the current fiscal year.

The firm also recently disclosed a dividend, which was paid on Friday, October 26th. Investors of record on Friday, October 26th were issued a $0.085 dividend. The ex-dividend date was Thursday, October 25th. Infosys’s dividend payout ratio is presently 34.00%.

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About Infosys

Infosys Limited, together with its subsidiaries, provides consulting, technology, and outsourcing services in North America, Europe, India, and internationally. It provides business information technology services, including application development and maintenance, independent validation, infrastructure management, and business process management services, as well as engineering services, such as engineering and life cycle solutions; and consulting and systems integration services comprising consulting, enterprise solutions, systems integration, and advanced technologies.

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Institutional Ownership by Quarter for Infosys (NYSE:INFY)

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