Cornerstone Advisors Inc. Has $215000 Stock Holdings in Infosys Ltd (NYSE:INFY)

Cornerstone Advisors Inc. raised its stake in Infosys Ltd (NYSE:INFY) by 27.3% during the second quarter, according to its most recent disclosure with …

Infosys logoCornerstone Advisors Inc. raised its stake in Infosys Ltd (NYSE:INFY) by 27.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 20,088 shares of the technology company’s stock after acquiring an additional 4,303 shares during the period. Cornerstone Advisors Inc.’s holdings in Infosys were worth $215,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Investec Asset Management LTD lifted its stake in shares of Infosys by 8.6% during the first quarter. Investec Asset Management LTD now owns 43,046,945 shares of the technology company’s stock valued at $470,503,000 after acquiring an additional 3,418,796 shares during the period. Lazard Asset Management LLC lifted its stake in Infosys by 32.0% in the first quarter. Lazard Asset Management LLC now owns 37,840,845 shares of the technology company’s stock valued at $413,599,000 after buying an additional 9,169,543 shares during the period. FMR LLC lifted its stake in Infosys by 46,711,314.8% in the first quarter. FMR LLC now owns 25,224,164 shares of the technology company’s stock valued at $275,699,000 after buying an additional 25,224,110 shares during the period. GQG Partners LLC increased its holdings in shares of Infosys by 16.7% in the first quarter. GQG Partners LLC now owns 24,689,394 shares of the technology company’s stock worth $269,535,000 after acquiring an additional 3,541,726 shares in the last quarter. Finally, FIL Ltd increased its holdings in shares of Infosys by 77.4% in the first quarter. FIL Ltd now owns 19,335,219 shares of the technology company’s stock worth $211,333,000 after acquiring an additional 8,433,557 shares in the last quarter. Hedge funds and other institutional investors own 17.83% of the company’s stock.

Several brokerages have issued reports on INFY. Zacks Investment Research upgraded Infosys from a “sell” rating to a “hold” rating in a report on Friday, May 17th. Morgan Stanley downgraded Infosys from an “overweight” rating to an “equal weight” rating and set a $10.62 price objective for the company. in a report on Monday, April 15th. ValuEngine downgraded Infosys from a “hold” rating to a “sell” rating in a report on Tuesday, July 2nd. Citigroup upgraded Infosys from a “neutral” rating to a “buy” rating in a report on Friday, July 12th. Finally, Wedbush reiterated a “neutral” rating on shares of Infosys in a report on Friday, July 12th. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and one has issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $10.96.

Shares of INFY traded down $0.15 during mid-day trading on Friday, reaching $11.10. The company’s stock had a trading volume of 228,901 shares, compared to its average volume of 11,539,375. The stock has a market cap of $47.81 billion, a PE ratio of 20.54, a P/E/G ratio of 2.11 and a beta of 0.53. The business’s 50-day moving average price is $11.05. Infosys Ltd has a 1-year low of $8.85 and a 1-year high of $11.64.

Infosys (NYSE:INFY) last released its quarterly earnings results on Friday, July 12th. The technology company reported $0.13 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.13. The business had revenue of $218.03 billion during the quarter, compared to analysts’ expectations of $216.51 billion. Infosys had a return on equity of 25.55% and a net margin of 18.26%. The firm’s revenue for the quarter was up 14.0% compared to the same quarter last year. During the same period last year, the firm posted $0.13 EPS. On average, analysts forecast that Infosys Ltd will post 0.55 EPS for the current fiscal year.

Infosys Profile

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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Cornerstone Advisors Inc. Has $215000 Position in Infosys Ltd (NYSE:INFY)

Cornerstone Advisors Inc. increased its holdings in shares of Infosys Ltd (NYSE:INFY) by 27.3% in the second quarter, according to the company in its …

Infosys logoCornerstone Advisors Inc. increased its holdings in shares of Infosys Ltd (NYSE:INFY) by 27.3% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 20,088 shares of the technology company’s stock after purchasing an additional 4,303 shares during the period. Cornerstone Advisors Inc.’s holdings in Infosys were worth $215,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in the stock. FMR LLC boosted its position in Infosys by 46,711,314.8% in the 1st quarter. FMR LLC now owns 25,224,164 shares of the technology company’s stock valued at $275,699,000 after buying an additional 25,224,110 shares during the last quarter. Lazard Asset Management LLC lifted its position in shares of Infosys by 32.0% during the first quarter. Lazard Asset Management LLC now owns 37,840,845 shares of the technology company’s stock worth $413,599,000 after purchasing an additional 9,169,543 shares during the last quarter. FIL Ltd lifted its position in shares of Infosys by 77.4% during the first quarter. FIL Ltd now owns 19,335,219 shares of the technology company’s stock worth $211,333,000 after purchasing an additional 8,433,557 shares during the last quarter. GQG Partners LLC lifted its position in shares of Infosys by 16.7% during the first quarter. GQG Partners LLC now owns 24,689,394 shares of the technology company’s stock worth $269,535,000 after purchasing an additional 3,541,726 shares during the last quarter. Finally, Investec Asset Management LTD lifted its position in shares of Infosys by 8.6% during the first quarter. Investec Asset Management LTD now owns 43,046,945 shares of the technology company’s stock worth $470,503,000 after purchasing an additional 3,418,796 shares during the last quarter. 17.83% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE INFY traded down $0.15 during mid-day trading on Friday, reaching $11.10. 228,901 shares of the company traded hands, compared to its average volume of 11,539,375. Infosys Ltd has a fifty-two week low of $8.85 and a fifty-two week high of $11.64. The firm has a market capitalization of $47.81 billion, a price-to-earnings ratio of 20.54, a PEG ratio of 2.11 and a beta of 0.53. The company has a fifty day moving average of $11.05.

Infosys (NYSE:INFY) last posted its quarterly earnings data on Friday, July 12th. The technology company reported $0.13 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.13. Infosys had a net margin of 18.26% and a return on equity of 25.55%. The business had revenue of $218.03 billion for the quarter, compared to analyst estimates of $216.51 billion. During the same quarter last year, the business earned $0.13 earnings per share. The business’s revenue for the quarter was up 14.0% on a year-over-year basis. Analysts anticipate that Infosys Ltd will post 0.55 EPS for the current fiscal year.

INFY has been the topic of several research analyst reports. Credit Suisse Group cut shares of Infosys from a “neutral” rating to an “underperform” rating in a research report on Monday, April 15th. Morgan Stanley cut shares of Infosys from an “overweight” rating to an “equal weight” rating and set a $10.62 price target on the stock. in a research report on Monday, April 15th. Wedbush reiterated a “neutral” rating on shares of Infosys in a research note on Friday, July 12th. BMO Capital Markets set a $13.00 price objective on shares of Infosys and gave the stock a “hold” rating in a research note on Monday, July 15th. Finally, ValuEngine lowered shares of Infosys from a “hold” rating to a “sell” rating in a research note on Tuesday, July 2nd. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and one has given a buy rating to the stock. Infosys has an average rating of “Hold” and an average price target of $10.96.

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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Aéroports DE Montréal Selects Wipro as IT and Business Transformation Partner

The company has proven expertise in digital airport and smart airport … Read More: Crypto Currency-To-USD Lending Management Startup Raises …

Wipro Limited, a leading global information technology, consulting and business process services company, announced that ADM Aéroports de Montréal has awarded a five-year strategic IT and business transformation contract to Wipro. ADM operates YUL Montreal-Trudeau International Airport, the third largest airport in Canada, and YMX International Aérocity of Mirabel.

“We are excited to work with ADM and help catalyze their digital journey. We are confident that our deep knowledge of airport operations, industry best practices and rich experience in delivering outcome-based services to leading global airports will help us deliver significant value to ADM and its stakeholders.”

This partnership will transform ADM’s airport operations through Wipro’s integrated service delivery model, airport domain expertise and hyper-automation powered by the Wipro HOLMES™ artificial intelligence platform. The engagement will drive operational excellence, enhance user experience, catalyze the transformation of business processes and will foster innovation at ADM by leveraging technologies such as AI, cloud, analytics, IoT, Augmented Reality (AR), Virtual Reality (VR) and drones. The contract will also deliver ready-to-deploy digital airport assets, enabled by an ASQ-driven framework, to help ADM realize its vision of making YUL a world leader in terms of passenger experience and airport operations.

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“YUL is experiencing strong and sustained growth in passenger traffic. In that context, technology will be used as a key enabler in improving operational efficiency and passenger experience. The digital evolution that will take place in collaboration with Wipro will allow us to offer services that are even more effective in meeting the needs of travellers. This partnership will also enable ADM to benefit from Wipro’s technological expertise gained through its work with many other international airports,” said Ginette Maillé, Vice President, Finance and Administration and Chief Financial Officer, ADM.

Aymeric Dussart, Director-Technology & Innovation, ADM, said, “This partnership will enable ADM to achieve its digital ambitions and pursue the technological developments required to meet the growing demand for travel and the new expectations of our passengers, who are now hyper-connected and looking for tailor-made experiences.”

N S Bala, President – Energy, Natural Resources, Utilities & Construction Strategic Business Unit, Wipro Limited, said, “We are delighted to be selected as ADM’s strategic IT and business transformation partner and look forward to supporting them in their digital endeavors and strengthening the customer-centricity of their business. Our digital capabilities and extensive experience in working with some of the biggest airports in the world positions us well for this engagement. This partnership is a testament to the value we bring to the airports industry and our growing footprint in Canada, a strategic market for us.”

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Sahadev Singh, Vice President & Global Head – Engineering, Construction & Operations, Wipro Limited,said, “We are excited to work with ADM and help catalyze their digital journey. We are confident that our deep knowledge of airport operations, industry best practices and rich experience in delivering outcome-based services to leading global airports will help us deliver significant value to ADM and its stakeholders.”

Wipro offers end-to-end solutions including strategy, IT, operations, and digital services that help airports increase their revenue, enhance passenger experience, improve operational efficiency and transform IT operations. The company has proven expertise in digital airport and smart airport frameworks, core airport services and airport solutions.

Wipro commenced its operations in Canada in 1996, and currently has operations in Toronto, Ottawa, Edmonton, Calgary and Montreal. Wipro works with leading companies in Canada across banking, airports, utilities, oil & gas sectors, and Crown corporations.

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Affle India lists at 25% premium to issue price

On the National Stock Exchange (NSE), the stock of Affle India rose 24.3% or 181 points to Rs 926 in the opening session. Moreover, the Affle stock hit …

The shares of Affle India has made a strong debut in the secondary market today. The share price of the advertising and media firm was listed at the upper end of the price band fixed at Rs 745 apiece, on both the bourses today.

On the National Stock Exchange (NSE), the stock of Affle India rose 24.3% or 181 points to Rs 926 in the opening session. Moreover, the Affle stock hit the day’s high 199 points or 26.9% against the listing value at Rs 944.90 and a low of Rs 915.05.

On Bombay Stock Exchange (BSE), the stock price opened at Rs 929.90, registering an initial gain of 186.85 points or 25.1% higher . It then rose 213 points or 28.6% to Rs 958.3 on the exchange. The stock has, however, touched an intraday low of Rs 915.

As per data available on BSE, the Market Capitalisation generated on the very fisrt day of listing stands at Rs 2,200.72 cr.

Volume-wise, the shares changing hands totals to 2.50 lakh and 30.6 lakhs on BSE and NSE, respectively. As of 1020 hrs IST, the stock price of Affle India trades 25.4% higher at Rs 934.50 on BSE and 25.6% higher at Rs 933.90 on NSE.

“The equity shares of Affle (India) Ltd are listed and admitted to dealings on the exchange effective from August 08, 2019, in the list of ‘B-group securities'”, company’s regulatory listing notification said.

The Rs 459 crore initial public offer (IPO) of the mobile marketing company Affle India, conducted from July 29 to July 31 in the price range of Rs 740 to Rs 745 per share, received an overwhelming response in the primary market, with investors over-subscribing as much as 86 times on its final day.

The IPO consisted of a fresh issue of 12.16 lakh shares worth Rs 90 crore and an offer for sale of 49,53,020 equity shares, including anchor portion of 27,72,483 equity shares. The 100 % book built issue IPO was at the face value of Rs 10 with a minimum order quantity of 20 equity shares (Lot size). The IPO received about Rs 206.55 crore from 15 anchor investors on July 26.

Incorporated in 2005, Affle (India) Limited is a leading global technology company with a proprietary consumer intelligence platform that delivers consumer acquisitions, engagements and transactions through relevant mobile advertising.

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Affle India IPO oversubscribed 86 times on final day

Affle India’s Rs 459 crore IPO opens for subscription; should you invest?

Edited by Rupa Burman Roy

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Greenleaf Trust Has $1.04 Million Stake in Infosys Ltd (NYSE:INFY)

Greenleaf Trust increased its holdings in Infosys Ltd (NYSE:INFY) by 1.1% in the second quarter, Holdings Channel reports. The institutional investor …

Infosys logoGreenleaf Trust increased its holdings in Infosys Ltd (NYSE:INFY) by 1.1% in the second quarter, Holdings Channel reports. The institutional investor owned 97,286 shares of the technology company’s stock after buying an additional 1,016 shares during the period. Greenleaf Trust’s holdings in Infosys were worth $1,041,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in INFY. Pennsylvania Trust Co acquired a new position in Infosys during the first quarter valued at approximately $1,502,000. Butensky & Cohen Financial Security Inc. raised its position in Infosys by 5.4% during the second quarter. Butensky & Cohen Financial Security Inc. now owns 232,950 shares of the technology company’s stock valued at $2,493,000 after purchasing an additional 11,915 shares in the last quarter. Nomura Asset Management Co. Ltd. raised its position in Infosys by 1,019.7% during the first quarter. Nomura Asset Management Co. Ltd. now owns 694,200 shares of the technology company’s stock valued at $7,587,000 after purchasing an additional 632,200 shares in the last quarter. Advisory Services Network LLC raised its position in Infosys by 491.3% during the first quarter. Advisory Services Network LLC now owns 24,999 shares of the technology company’s stock valued at $273,000 after purchasing an additional 20,771 shares in the last quarter. Finally, Commonwealth Bank of Australia raised its position in Infosys by 15.2% during the first quarter. Commonwealth Bank of Australia now owns 1,412,719 shares of the technology company’s stock valued at $15,435,000 after purchasing an additional 186,396 shares in the last quarter. Institutional investors own 17.83% of the company’s stock.

Several research analysts have commented on INFY shares. ValuEngine downgraded shares of Infosys from a “hold” rating to a “sell” rating in a research report on Tuesday, July 2nd. Credit Suisse Group downgraded shares of Infosys from a “neutral” rating to an “underperform” rating in a research report on Monday, April 15th. Deutsche Bank downgraded shares of Infosys from a “buy” rating to a “hold” rating in a research report on Monday, April 15th. Citigroup upgraded shares of Infosys from a “neutral” rating to a “buy” rating in a research report on Friday, July 12th. Finally, BMO Capital Markets set a $13.00 price objective on shares of Infosys and gave the company a “hold” rating in a research report on Monday, July 15th. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and one has assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $10.96.

Shares of NYSE:INFY opened at $11.08 on Monday. The business’s fifty day moving average is $11.00. The firm has a market capitalization of $48.16 billion, a P/E ratio of 20.52, a PEG ratio of 2.12 and a beta of 0.53. Infosys Ltd has a 52-week low of $8.85 and a 52-week high of $11.64.

Infosys (NYSE:INFY) last announced its quarterly earnings results on Friday, July 12th. The technology company reported $0.13 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.13. The company had revenue of $218.03 billion during the quarter, compared to the consensus estimate of $216.51 billion. Infosys had a net margin of 18.26% and a return on equity of 25.55%. The company’s revenue for the quarter was up 14.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.13 earnings per share. On average, research analysts predict that Infosys Ltd will post 0.55 earnings per share for the current year.

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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Want to see what other hedge funds are holding INFY?Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Infosys Ltd (NYSE:INFY).

Institutional Ownership by Quarter for Infosys (NYSE:INFY)

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