DekaBank Deutsche Girozentrale grew its holdings in Infosys Ltd (NYSE:INFY) by 13.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 212,099 shares of the technology company’s stock after acquiring an additional 25,562 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Infosys were worth $2,253,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also made changes to their positions in the company. Pennsylvania Trust Co acquired a new position in Infosys during the 1st quarter worth $1,502,000. Butensky & Cohen Financial Security Inc. raised its position in shares of Infosys by 5.4% during the 2nd quarter. Butensky & Cohen Financial Security Inc. now owns 232,950 shares of the technology company’s stock worth $2,493,000 after buying an additional 11,915 shares in the last quarter. Nomura Asset Management Co. Ltd. raised its position in shares of Infosys by 1,019.7% during the 1st quarter. Nomura Asset Management Co. Ltd. now owns 694,200 shares of the technology company’s stock worth $7,587,000 after buying an additional 632,200 shares in the last quarter. Advisory Services Network LLC raised its position in shares of Infosys by 491.3% during the 1st quarter. Advisory Services Network LLC now owns 24,999 shares of the technology company’s stock worth $273,000 after buying an additional 20,771 shares in the last quarter. Finally, First Trust Advisors LP raised its position in shares of Infosys by 7.7% during the 2nd quarter. First Trust Advisors LP now owns 4,533,226 shares of the technology company’s stock worth $48,506,000 after buying an additional 323,228 shares in the last quarter. Institutional investors and hedge funds own 17.28% of the company’s stock.
INFY traded up $0.05 on Wednesday, reaching $11.20. 183,039 shares of the company traded hands, compared to its average volume of 10,115,486. The stock’s 50 day moving average price is $11.22 and its 200-day moving average price is $10.78. Infosys Ltd has a 52-week low of $8.85 and a 52-week high of $11.64. The company has a market cap of $47.46 billion, a price-to-earnings ratio of 20.72, a PEG ratio of 2.13 and a beta of 0.53.Infosys (NYSE:INFY) last announced 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 firm had revenue of $218.03 billion for the quarter, compared to the consensus estimate of $216.51 billion. During the same period in the previous year, the firm posted $0.13 earnings per share. The firm’s revenue was up 14.0% on a year-over-year basis. On average, sell-side analysts anticipate that Infosys Ltd will post 0.55 earnings per share for the current year.
A number of research firms have commented on INFY. Zacks Investment Research upgraded shares of Infosys from a “sell” rating to a “hold” rating in a research report on Friday, May 17th. Wells Fargo & Co set a $12.00 price objective on shares of Infosys and gave the stock a “hold” rating in a research note on Friday, May 31st. 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. Wedbush reaffirmed a “neutral” rating on shares of Infosys in a research note on Friday, July 12th. Finally, Citigroup raised shares of Infosys from a “neutral” rating to a “buy” rating in a research note on Friday, July 12th. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and one has issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $10.96.
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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