TCW Group Inc. Invests $887,000 in Infosys Limited (NYSE:INFY)

TCW Group Inc. bought a new stake in shares of Infosys Limited (NYSE:INFY) in the fourth quarter, Holdings Channel.com reports. The institutional investor bought 48,237 shares of the technology company’s stock, valued at approximately $887,000.

Several other institutional investors also recently bought and sold shares of INFY. GAMMA Investing LLC purchased a new stake in shares of Infosys during the 4th quarter valued at $36,000. Planned Solutions Inc. acquired a new position in Infosys during the 4th quarter valued at about $50,000. EverSource Wealth Advisors LLC raised its stake in Infosys by 113.4% in the fourth quarter. EverSource Wealth Advisors LLC now owns 3,130 shares of the technology company’s stock valued at $58,000 after buying an additional 1,663 shares during the last quarter. Blue Trust Inc. raised its stake in Infosys by 61.8% in the fourth quarter. Blue Trust Inc. now owns 9,443 shares of the technology company’s stock valued at $161,000 after buying an additional 3,606 shares during the last quarter. Finally, Ieq Capital LLC acquired a new stake in Infosys in the third quarter worth about $189,000. 10.89% of the stock is currently owned by institutional investors and hedge funds.

Infosys Stock Performance

Shares of INFY traded down $0.04 during trading hours on Friday, hitting $17.36. The stock had a trading volume of 9,240,966 shares, compared to its average volume of 7,873,974. The firm has a 50-day moving average price of $17.42 and a 200 day moving average price of $18.36. Infosys Limited has a fifty-two week low of $15.11 and a fifty-two week high of $20.74. The firm has a market capitalization of $71.87 billion, a price-to-earnings ratio of 22.84, a PEG ratio of 3.20 and a beta of 0.95.

Infosys (NYSE:INFY) last posted its earnings results on Thursday, April 18th. The technology company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.06. Infosys had a net margin of 17.06% and a return on equity of 32.33%. The business had revenue of $4.56 billion for the quarter, compared to analyst estimates of $4.49 billion. During the same period in the prior year, the company posted $0.18 EPS. As a group, analysts predict that Infosys Limited will post 0.75 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on INFY shares. Bank of America upgraded shares of Infosys from a “neutral” rating to a “buy” rating in a report on Tuesday, April 9th. Susquehanna decreased their price target on shares of Infosys from $15.00 to $14.00 and set a “negative” rating for the company in a report on Friday, April 19th. StockNews.com lowered shares of Infosys from a “buy” rating to a “hold” rating in a report on Tuesday, March 19th. BMO Capital Markets reduced their target price on Infosys from $21.00 to $18.00 and set a “market perform” rating for the company in a research note on Friday, April 19th. Finally, Wedbush reaffirmed an “outperform” rating and set a $22.00 price target on shares of Infosys in a research report on Wednesday, March 13th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, Infosys presently has a consensus rating of “Hold” and a consensus price target of $19.27.

About Infosys

Infosys Limited, together with its subsidiaries, provides consulting, technology, outsourcing, and next-generation digital services in North America, Europe, India, and internationally. It provides digital marketing and digital workplace, digital commerce, digital experience and interactions, metaverse, data analytics and AI, applied AI, generative AI, sustainability, blockchain, engineering, Internet of Things, enterprise agile DevOps, application modernization, cloud, digital process automation, digital supply chain, Microsoft business application and cloud business, service experience transformation, energy transition, cyber security, and quality engineering solutions; Oracle, SAP, and Saleforce solutions; API economy and microservices; and Topaz, an AI-first set of services, solutions, and platforms using generative AI technologies.