DGS Capital Management LLC Raises Stock Holdings in Infosys Limited (NYSE:INFY)

DGS Capital Management LLC increased its stake in shares of Infosys Limited (NYSE:INFY) by 18.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 74,998 shares of the technology company’s stock after purchasing an additional 11,789 shares during the quarter. DGS Capital Management LLC’s holdings in Infosys were worth $1,644,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the company. Mercer Global Advisors Inc. ADV boosted its stake in shares of Infosys by 2.9% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 17,632 shares of the technology company’s stock worth $328,000 after purchasing an additional 505 shares during the last quarter. Vanguard Personalized Indexing Management LLC boosted its position in Infosys by 24.4% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 28,718 shares of the technology company’s stock worth $535,000 after acquiring an additional 5,642 shares during the last quarter. Bank of Montreal Can grew its stake in Infosys by 333.5% in the 2nd quarter. Bank of Montreal Can now owns 90,597 shares of the technology company’s stock worth $1,687,000 after acquiring an additional 69,697 shares during the period. Earnest Partners LLC grew its stake in Infosys by 20.7% in the 2nd quarter. Earnest Partners LLC now owns 147,862 shares of the technology company’s stock worth $2,753,000 after acquiring an additional 25,392 shares during the period. Finally, Millennium Management LLC raised its holdings in Infosys by 67.9% in the 2nd quarter. Millennium Management LLC now owns 7,601,073 shares of the technology company’s stock valued at $141,532,000 after acquiring an additional 3,074,432 shares during the last quarter. Institutional investors and hedge funds own 16.20% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Investec downgraded Infosys from a “hold” rating to a “sell” rating in a research report on Thursday, October 3rd. Guggenheim restated a “neutral” rating on shares of Infosys in a report on Friday, January 17th. HSBC upgraded shares of Infosys from a “hold” rating to a “buy” rating in a report on Monday, December 9th. BMO Capital Markets boosted their target price on shares of Infosys from $23.00 to $25.00 and gave the company a “market perform” rating in a report on Friday, October 18th. Finally, StockNews.com raised shares of Infosys from a “hold” rating to a “buy” rating in a research note on Wednesday. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $20.22.

Infosys Stock Down 0.4 %

Shares of INFY stock opened at $21.70 on Friday. Infosys Limited has a fifty-two week low of $16.04 and a fifty-two week high of $23.63. The firm’s 50 day moving average price is $22.49 and its two-hundred day moving average price is $22.22. The stock has a market cap of $89.86 billion, a price-to-earnings ratio of 27.46, a price-to-earnings-growth ratio of 3.54 and a beta of 1.00.

Infosys (NYSE:INFY) last posted its earnings results on Thursday, January 16th. The technology company reported $0.19 earnings per share for the quarter, meeting the consensus estimate of $0.19. Infosys had a net margin of 17.28% and a return on equity of 31.60%. During the same quarter last year, the business posted $0.18 EPS. On average, equities analysts forecast that Infosys Limited will post 0.74 EPS for the current fiscal year.

Infosys Company Profile

Infosys Ltd. is a digital services and consulting company, which engages in the provision of end-to-end business solutions. It operates through the following segments: Financial Services, Retail, Communication, Energy, Utilities, Resources, and Services, Manufacturing, Hi-Tech, Life Sciences, and All Other.