Infosys Limited (NYSE:INFY) Shares Purchased by BNP Paribas Arbitrage SA

BNP Paribas Arbitrage SA boosted its stake in Infosys Limited (NYSE:INFY) by 141.5% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 1,766,107 shares of the technology company’s stock after purchasing an additional 1,034,659 shares during the period. BNP Paribas Arbitrage SA’s holdings in Infosys were worth $37,424,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of INFY. Meeder Asset Management Inc. grew its stake in shares of Infosys by 319.0% in the first quarter. Meeder Asset Management Inc. now owns 1,676 shares of the technology company’s stock worth $31,000 after acquiring an additional 1,276 shares in the last quarter. Concord Wealth Partners acquired a new position in shares of Infosys in the first quarter worth $46,000. Reilly Financial Advisors LLC grew its stake in shares of Infosys by 21.4% in the second quarter. Reilly Financial Advisors LLC now owns 2,648 shares of the technology company’s stock worth $56,000 after acquiring an additional 467 shares in the last quarter. Arkadios Wealth Advisors grew its stake in shares of Infosys by 49.3% in the second quarter. Arkadios Wealth Advisors now owns 3,188 shares of the technology company’s stock worth $67,000 after acquiring an additional 1,053 shares in the last quarter. Finally, Captrust Financial Advisors grew its stake in shares of Infosys by 54.9% in the first quarter. Captrust Financial Advisors now owns 5,181 shares of the technology company’s stock worth $97,000 after acquiring an additional 1,837 shares in the last quarter. Hedge funds and other institutional investors own 16.14% of the company’s stock.

Separately, Susquehanna restated a “neutral” rating and issued a $22.00 price target (up previously from $21.00) on shares of Infosys in a research note on Thursday, July 15th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $19.97.

Infosys stock opened at $23.01 on Wednesday. The stock has a market cap of $97.60 billion, a P/E ratio of 35.40, a price-to-earnings-growth ratio of 3.34 and a beta of 0.87. The company has a fifty day simple moving average of $22.63 and a 200-day simple moving average of $20.32. Infosys Limited has a 12-month low of $13.02 and a 12-month high of $24.14.

Infosys (NYSE:INFY) last released its quarterly earnings data on Tuesday, July 13th. The technology company reported $0.17 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.17. Infosys had a net margin of 19.40% and a return on equity of 27.75%. The business had revenue of $3.78 billion during the quarter, compared to analysts’ expectations of $3.70 billion. During the same period in the previous year, the company earned ($0.19) EPS. On average, sell-side analysts expect that Infosys Limited will post 0.69 earnings per share for the current year.

Infosys 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, Services, Manufacturing, Hi-Tech, Life Sciences, and All Other.

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Institutional Ownership by Quarter for Infosys (NYSE:INFY)

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