Penserra Capital Management LLC Has $178,000 Stake in Infosys Ltd (NYSE:INFY)

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Penserra Capital Management LLC decreased its position in shares of Infosys Ltd (NYSE:INFY) by 6.4% during the 3rd quarter, HoldingsChannel reports. The fund owned 15,675 shares of the technology company’s stock after selling 1,080 shares during the period. Penserra Capital Management LLC’s holdings in Infosys were worth $178,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Amundi Pioneer Asset Management Inc. raised its position in Infosys by 55.9% during the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 754,200 shares of the technology company’s stock worth $8,244,000 after purchasing an additional 270,402 shares during the last quarter. NEXT Financial Group Inc raised its position in shares of Infosys by 85.7% in the 2nd quarter. NEXT Financial Group Inc now owns 2,492 shares of the technology company’s stock worth $27,000 after acquiring an additional 1,150 shares in the last quarter. Bessemer Group Inc. raised its position in shares of Infosys by 3.9% in the 2nd quarter. Bessemer Group Inc. now owns 246,530 shares of the technology company’s stock worth $2,638,000 after acquiring an additional 9,234 shares in the last quarter. FDx Advisors Inc. raised its position in shares of Infosys by 3.5% in the 2nd quarter. FDx Advisors Inc. now owns 27,989 shares of the technology company’s stock worth $299,000 after acquiring an additional 954 shares in the last quarter. Finally, Flagship Harbor Advisors LLC raised its position in shares of Infosys by 22.4% in the 2nd quarter. Flagship Harbor Advisors LLC now owns 9,341 shares of the technology company’s stock worth $99,000 after acquiring an additional 1,712 shares in the last quarter. 17.43% of the stock is currently owned by institutional investors.

Several research firms have recently weighed in on INFY. UBS Group lowered Infosys from a “buy” rating to a “neutral” rating in a research report on Monday, September 16th. Citigroup lowered Infosys to a “hold” rating in a research report on Monday, October 14th. Wells Fargo & Co reissued a “hold” rating on shares of Infosys in a research report on Monday, October 21st. ValuEngine lowered Infosys from a “sell” rating to a “strong sell” rating in a research report on Friday, November 1st. Finally, Robert W. Baird set a $10.00 price objective on Infosys and gave the stock a “hold” rating in a research report on Monday, October 21st. Two analysts have rated the stock with a sell rating and fourteen have assigned a hold rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $11.23.

Shares of Infosys stock opened at $9.83 on Monday. Infosys Ltd has a one year low of $8.76 and a one year high of $12.08. The firm has a market capitalization of $41.46 billion, a price-to-earnings ratio of 18.20, a PEG ratio of 1.89 and a beta of 0.45. The business has a 50-day simple moving average of $9.85 and a 200 day simple moving average of $10.72.

Infosys (NYSE:INFY) last issued its earnings results on Friday, October 11th. The technology company reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.01). The firm had revenue of $3.21 billion during the quarter, compared to the consensus estimate of $3.20 billion. Infosys had a net margin of 17.74% and a return on equity of 25.70%. On average, sell-side analysts predict that Infosys Ltd will post 0.54 earnings per share 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.

Read More: What does an outperform rating mean?

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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