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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Former Infosys Director Mohandas Pai on the economic slowdown and India Inc’s woes

Former Infosys Director TV Mohandas Pai speaks to Business Today about possible solutions for the economic slowdown, India Inc’s worries, tax …

Former Infosys Director Mohandas Pai on the economic slowdown

August 9, 2019
Former Infosys Director TV Mohandas Pai speaks to Business Today about possible solutions for the economic slowdown, India Inc’s worries, tax terrorism and the NBFC crisis. Watch the video for more.

    x<iframe width=’100%’ height=’396′ frameborder=”0″ scrolling=no src=”https://www.businesstoday.in/embed/hqr23ubqsg”></iframe>

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    Notable Stock To Watch:: Infosys Limited, (NYSE:INFY)

    On Thursday, August 08, 2019, Shares of Infosys Limited, (NYSE: INFY), moved 0.81 percent and closed at $11.25 within the last trading session.

    In capital markets, volume, or exchanging volume, is the amount of a security that was exchanged amid a given time frame. With regards to a solitary stock exchanging on a stock exchange, the volume is commonly proclaimed as the number of shares that changed hands amid a given day.

    Trading Updates:

    On Thursday, August 08, 2019, Shares of Infosys Limited, (NYSE: INFY), moved 0.81 percent and closed at $11.25 within the last trading session. The stock exchanged hands with 11865929 numbers of shares contrast to its normal every day volume of 10.78M shares.

    Likewise, we should always reference that INFY has a PEG ratio of 2.7. This measurement is utilized comparatively to the popular P/E ratio, but the PEG ratio also takes into account the stock’s expected earnings growth rate. The company’s net profit margin is 18.3%.

    It calculates how much out of every dollar of sales a company actually keeps in earnings. Gross Margin is seen at 34% and Operating Margin is seen at 21.5%.

    Return on Assets (ROA) an pointer of how gainful a company is relative to its total resources, is 18.6%. Return on Equity (ROE) is 24.8% and Return on Investment (ROI) is 19.3%.

    Some Important Factors:

    A week ago unpredictability change was seen by 1.67% and the stock help 1.39% change in the most recent month. INFY has a beta of 0.51. INFY institutional ownership is held at 18.7% while insider ownership was 18.2%. Institutional ownership alludes to the ownership stake in a company that is held by extensive money related associations, pension funds or endowments.

    Specialists experienced mean rating at 2.9 following agreement investigation. (Rating Scale: 1.00 Strong Buy, 2.00 Buy, 3.00 Hold, 4.00 Sell, 5.00 Strong Sell).

    Performance Report:

    The total market cap for the stock is $48.42B while it has a PE ratio of 21.63. Infosys Limited performed of 18.82% in year to date period and week by week execution of -0.09%. The stock has been moved at 3.69% in the course of the most recent a half year. The stock has performed 7.35% around most recent 30.00 days, and changed 10.29% over the last 3.0 months.

    EPS Subtleties In Core interest::

    Estimating its EPS development this year at -0.3%. As a result, the company has an EPS development of 9.52% for the moving toward year.

    Company’s EPS for the past five years is valued at 147.2%, leading it to an EPS value of 8% for the next five years.

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    Ashwiny Iyer Tiwari, Nitesh Tiwari join hands for a film on Infosys co-founder NR Narayana Murthy

    The story idea and concept was developed by writer Sanjay Tripathy. The film will portray the inspiring journey of Narayana Murthy and his wife and …
    NR Narayana Murthy, Narayana Murthy

    Infosys co-founder NR Narayana Murthy (File photo)&nbsp | &nbspPhoto Credit:&nbspPTI

    Mumbai: Filmmaker couple Ashwiny Iyer Tiwari and Nitesh Tiwari have joined hands for a film based on the lives of Infosys co-founder NR Narayana Murthy and his wife Sudha Murthy.

    The film will also be produced by Mahaveer Jain, a statement issued by the makers said.

    Ashwini, whose credits include films such as Nil Battey Sannata and Bareilly Ki Barfi, will direct the new project after her Panga.

    The story idea and concept was developed by writer Sanjay Tripathy. The film will chronicle the inspiring journey of Murthys and their contribution to the nation.

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