Dorsey Wright & Associates Buys New Stake in Infosys Limited (NYSE:INFY)

Dorsey Wright & Associates purchased a new position in shares of Infosys Limited (NYSE:INFY) during the fourth quarter, Holdings Channel reports. The fund purchased 113,637 shares of the technology company’s stock, valued at approximately $2,491,000.

Several other hedge funds and other institutional investors have also modified their holdings of INFY. SG Americas Securities LLC purchased a new stake in Infosys during the 4th quarter worth approximately $311,000. Jones Financial Companies Lllp grew its stake in shares of Infosys by 15.9% in the fourth quarter. Jones Financial Companies Lllp now owns 7,520 shares of the technology company’s stock worth $165,000 after acquiring an additional 1,030 shares in the last quarter. Haven Global Partners LLC purchased a new stake in shares of Infosys during the fourth quarter worth $4,078,000. Nomura Asset Management Co. Ltd. raised its stake in shares of Infosys by 22.5% in the third quarter. Nomura Asset Management Co. Ltd. now owns 670,907 shares of the technology company’s stock valued at $14,941,000 after acquiring an additional 123,083 shares in the last quarter. Finally, Barclays PLC boosted its holdings in Infosys by 11.8% in the third quarter. Barclays PLC now owns 2,523,605 shares of the technology company’s stock valued at $56,200,000 after purchasing an additional 266,902 shares during the period. 16.20% of the stock is currently owned by hedge funds and other institutional investors.

Infosys Price Performance

Shares of INFY opened at $18.17 on Friday. Infosys Limited has a 1-year low of $16.04 and a 1-year high of $23.63. The stock has a market cap of $75.26 billion, a PE ratio of 23.00, a price-to-earnings-growth ratio of 3.50 and a beta of 1.01. The firm has a fifty day moving average price of $20.45 and a 200 day moving average price of $21.75.

Infosys (NYSE:INFY) last announced its earnings results on Thursday, January 16th. The technology company reported $0.19 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.19. Infosys had a return on equity of 31.60% and a net margin of 17.28%. During the same period in the previous year, the firm posted $0.18 earnings per share. As a group, equities analysts expect that Infosys Limited will post 0.74 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. HSBC raised Infosys from a “hold” rating to a “buy” rating in a research report on Monday, December 9th. Guggenheim reaffirmed a “neutral” rating on shares of Infosys in a report on Friday, January 17th. StockNews.com cut shares of Infosys from a “buy” rating to a “hold” rating in a report on Thursday, March 20th. CLSA upgraded shares of Infosys from a “hold” rating to an “outperform” rating in a report on Friday, March 7th. Finally, Hsbc Global Res upgraded shares of Infosys from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 9th. Two analysts have rated the stock with a sell rating, four have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $19.70.

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.