Deuterium Capital Management LLC grew its stake in shares of Infosys Limited (NYSE:INFY – Free Report) by 6.6% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 99,633 shares of the technology company’s stock after purchasing an additional 6,181 shares during the period. Infosys comprises approximately 2.2% of Deuterium Capital Management LLC’s portfolio, making the stock its 11th biggest position. Deuterium Capital Management LLC’s holdings in Infosys were worth $1,601,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently modified their holdings of the stock. OPTIMAS CAPITAL Ltd purchased a new stake in Infosys in the 2nd quarter valued at $996,000. JPMorgan Chase & Co. raised its holdings in shares of Infosys by 14.4% in the second quarter. JPMorgan Chase & Co. now owns 83,099,498 shares of the technology company’s stock valued at $1,335,409,000 after purchasing an additional 10,480,541 shares during the last quarter. PNC Financial Services Group Inc. lifted its position in shares of Infosys by 19.1% during the second quarter. PNC Financial Services Group Inc. now owns 69,167 shares of the technology company’s stock valued at $1,112,000 after purchasing an additional 11,102 shares in the last quarter. ExodusPoint Capital Management LP grew its position in Infosys by 60.3% in the 2nd quarter. ExodusPoint Capital Management LP now owns 49,783 shares of the technology company’s stock worth $800,000 after purchasing an additional 18,726 shares in the last quarter. Finally, ProShare Advisors LLC increased its stake in Infosys by 22.1% in the 2nd quarter. ProShare Advisors LLC now owns 26,924 shares of the technology company’s stock valued at $433,000 after buying an additional 4,866 shares during the last quarter. 11.39% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of equities analysts have recently weighed in on the company. Nomura upgraded Infosys from a “reduce” rating to a “neutral” rating in a research note on Friday, September 8th. The Goldman Sachs Group assumed coverage on Infosys in a research report on Tuesday, August 22nd. They issued a “buy” rating on the stock. JPMorgan Chase & Co. raised Infosys from an “underweight” rating to a “neutral” rating and raised their target price for the company from $14.00 to $16.80 in a research report on Wednesday, October 4th. Wedbush restated an “outperform” rating and set a $22.00 price target on shares of Infosys in a research report on Monday, September 18th. Finally, StockNews.com raised shares of Infosys from a “hold” rating to a “buy” rating in a research report on Friday, October 13th. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Infosys currently has a consensus rating of “Hold” and a consensus price target of $18.93.
Infosys Stock Performance
NYSE INFY traded down $0.12 during trading on Tuesday, hitting $17.42. 1,085,000 shares of the company’s stock traded hands, compared to its average volume of 9,041,632. The stock has a market capitalization of $72.10 billion, a price-to-earnings ratio of 24.37, a PEG ratio of 2.47 and a beta of 0.96. The business has a 50 day moving average of $17.17 and a 200-day moving average of $16.60. Infosys Limited has a 12-month low of $14.71 and a 12-month high of $20.57.
Infosys (NYSE:INFY – Get Free Report) last released its quarterly earnings data on Thursday, October 12th. The technology company reported $0.18 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.18. The business had revenue of $4.72 billion during the quarter, compared to analyst estimates of $4.55 billion. Infosys had a net margin of 16.28% and a return on equity of 32.51%. During the same period in the previous year, the business earned $0.18 EPS. On average, analysts expect that Infosys Limited will post 0.7 EPS for the current year.
Infosys Limited, together with its subsidiaries, provides consulting, technology, outsourcing, and next-generation digital services in North America, Europe, India, and internationally. It provides application management and application development services, independent validation solutions, product engineering and management, infrastructure management services, traditional enterprise application implementation, support, and integration services.
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