TCW Group Inc. Buys New Holdings in Infosys Limited (NYSE:INFY)

TCW Group Inc. purchased a new position in shares of Infosys Limited (NYSE:INFY) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 48,237 shares of the technology company’s stock, valued at approximately $887,000.

A number of other large investors have also bought and sold shares of the stock. GAMMA Investing LLC bought a new stake in Infosys during the 4th quarter valued at $36,000. Planned Solutions Inc. bought a new position in shares of Infosys during the fourth quarter valued at about $50,000. EverSource Wealth Advisors LLC boosted its holdings in shares of Infosys by 113.4% during the fourth quarter. EverSource Wealth Advisors LLC now owns 3,130 shares of the technology company’s stock worth $58,000 after purchasing an additional 1,663 shares during the period. Blue Trust Inc. grew its stake in shares of Infosys by 61.8% in the fourth quarter. Blue Trust Inc. now owns 9,443 shares of the technology company’s stock worth $161,000 after purchasing an additional 3,606 shares during the last quarter. Finally, Ieq Capital LLC bought a new position in Infosys during the 3rd quarter valued at approximately $189,000. 10.89% of the stock is owned by hedge funds and other institutional investors.

Infosys Stock Down 0.2 %

Shares of INFY stock traded down $0.04 during trading hours on Friday, hitting $17.36. 9,240,966 shares of the company’s stock traded hands, compared to its average volume of 7,873,974. The stock has a market cap of $71.87 billion, a price-to-earnings ratio of 22.84, a PEG ratio of 3.20 and a beta of 0.95. The stock’s fifty day simple moving average is $17.42 and its two-hundred day simple moving average is $18.36. Infosys Limited has a 12-month low of $15.11 and a 12-month high of $20.74.

Infosys (NYSE:INFY) last released its earnings results on Thursday, April 18th. The technology company reported $0.23 EPS for the quarter, topping the consensus estimate of $0.17 by $0.06. Infosys had a return on equity of 32.33% and a net margin of 17.06%. The business had revenue of $4.56 billion for the quarter, compared to the consensus estimate of $4.49 billion. During the same period in the previous year, the company posted $0.18 earnings per share. On average, equities analysts forecast that Infosys Limited will post 0.75 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently commented on INFY shares. Bank of America raised Infosys from a “neutral” rating to a “buy” rating in a research note on Tuesday, April 9th. HSBC reaffirmed a “hold” rating and set a $20.10 target price on shares of Infosys in a research note on Friday, April 19th. Wedbush reissued an “outperform” rating and issued a $22.00 price target on shares of Infosys in a research note on Wednesday, March 13th. StockNews.com cut Infosys from a “buy” rating to a “hold” rating in a research report on Tuesday, March 19th. Finally, Guggenheim initiated coverage on Infosys in a report on Tuesday, March 19th. They set a “neutral” rating and a $20.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $19.27.

Infosys Company Profile

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.