Infosys Limited (NYSE:INFY) Shares Bought by Panagora Asset Management Inc.

Panagora Asset Management Inc. grew its position in shares of Infosys Limited (NYSE:INFYFree Report) by 36.8% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 484,423 shares of the technology company’s stock after buying an additional 130,271 shares during the quarter. Panagora Asset Management Inc.’s holdings in Infosys were worth $8,904,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in INFY. Buckingham Capital Management Inc. boosted its holdings in Infosys by 0.6% in the 4th quarter. Buckingham Capital Management Inc. now owns 87,324 shares of the technology company’s stock valued at $1,605,000 after purchasing an additional 499 shares in the last quarter. HB Wealth Management LLC grew its holdings in Infosys by 5.7% during the fourth quarter. HB Wealth Management LLC now owns 10,661 shares of the technology company’s stock worth $196,000 after acquiring an additional 575 shares during the period. Marshall Financial Group LLC raised its position in Infosys by 1.2% in the fourth quarter. Marshall Financial Group LLC now owns 52,478 shares of the technology company’s stock worth $965,000 after acquiring an additional 622 shares in the last quarter. Knights of Columbus Asset Advisors LLC lifted its holdings in Infosys by 3.2% in the third quarter. Knights of Columbus Asset Advisors LLC now owns 22,100 shares of the technology company’s stock valued at $378,000 after acquiring an additional 680 shares during the period. Finally, Drive Wealth Management LLC boosted its position in shares of Infosys by 6.1% during the 4th quarter. Drive Wealth Management LLC now owns 12,354 shares of the technology company’s stock worth $227,000 after purchasing an additional 707 shares in the last quarter. Hedge funds and other institutional investors own 10.89% of the company’s stock.

Infosys Stock Down 0.6 %

INFY opened at $17.13 on Friday. The firm has a market cap of $70.92 billion, a P/E ratio of 22.54, a PEG ratio of 2.31 and a beta of 0.95. The business’s fifty day simple moving average is $17.63 and its 200 day simple moving average is $18.33. Infosys Limited has a 52 week low of $15.07 and a 52 week high of $20.74.

Infosys (NYSE:INFYGet Free Report) last posted its quarterly earnings data on Thursday, April 18th. The technology company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.06. The business had revenue of $4.56 billion for the quarter, compared to analysts’ expectations of $4.49 billion. Infosys had a return on equity of 32.33% and a net margin of 17.06%. During the same quarter last year, the firm earned $0.18 earnings per share. As a group, equities analysts expect that Infosys Limited will post 0.75 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. BMO Capital Markets decreased their price objective on shares of Infosys from $21.00 to $18.00 and set a “market perform” rating on the stock in a report on Friday, April 19th. HSBC restated a “hold” rating and issued a $20.10 price target on shares of Infosys in a report on Friday, April 19th. Guggenheim started coverage on Infosys in a report on Tuesday, March 19th. They set a “neutral” rating and a $20.00 price objective for the company. Susquehanna lowered their target price on Infosys from $15.00 to $14.00 and set a “negative” rating on the stock in a report on Friday, April 19th. Finally, Bank of America raised Infosys from a “neutral” rating to a “buy” rating in a research note on Tuesday, April 9th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $19.27.

Read Our Latest Analysis on INFY

Infosys Company Profile

(Free Report)

Infosys Limited, together with its subsidiaries, provides consulting, technology, outsourcing, and next-generation digital services in North America, Europe, India, and internationally. It provides digital marketing and digital workplace, digital commerce, digital experience and interactions, metaverse, data analytics and AI, applied AI, generative AI, sustainability, blockchain, engineering, Internet of Things, enterprise agile DevOps, application modernization, cloud, digital process automation, digital supply chain, Microsoft business application and cloud business, service experience transformation, energy transition, cyber security, and quality engineering solutions; Oracle, SAP, and Saleforce solutions; API economy and microservices; and Topaz, an AI-first set of services, solutions, and platforms using generative AI technologies.

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Institutional Ownership by Quarter for Infosys (NYSE:INFY)

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