Infosys Limited (NYSE:INFY) Shares Bought by DGS Capital Management LLC

DGS Capital Management LLC lifted its stake in shares of Infosys Limited (NYSE:INFY) by 18.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 74,998 shares of the technology company’s stock after buying an additional 11,789 shares during the quarter. DGS Capital Management LLC’s holdings in Infosys were worth $1,644,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Mercer Global Advisors Inc. ADV lifted its holdings in Infosys by 2.9% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 17,632 shares of the technology company’s stock worth $328,000 after buying an additional 505 shares during the last quarter. Vanguard Personalized Indexing Management LLC raised its position in shares of Infosys by 24.4% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 28,718 shares of the technology company’s stock worth $535,000 after acquiring an additional 5,642 shares in the last quarter. Bank of Montreal Can lifted its stake in Infosys by 333.5% during the second quarter. Bank of Montreal Can now owns 90,597 shares of the technology company’s stock worth $1,687,000 after purchasing an additional 69,697 shares during the last quarter. Earnest Partners LLC boosted its holdings in Infosys by 20.7% in the second quarter. Earnest Partners LLC now owns 147,862 shares of the technology company’s stock valued at $2,753,000 after purchasing an additional 25,392 shares in the last quarter. Finally, Millennium Management LLC grew its position in Infosys by 67.9% during the 2nd quarter. Millennium Management LLC now owns 7,601,073 shares of the technology company’s stock worth $141,532,000 after purchasing an additional 3,074,432 shares during the last quarter. 16.20% of the stock is currently owned by hedge funds and other institutional investors.

Infosys Stock Performance

Infosys stock opened at $21.70 on Friday. The company has a market cap of $89.86 billion, a P/E ratio of 27.46, a price-to-earnings-growth ratio of 3.54 and a beta of 1.00. Infosys Limited has a one year low of $16.04 and a one year high of $23.63. The business has a fifty day moving average of $22.49 and a two-hundred day moving average of $22.22.

Infosys (NYSE:INFY) last released its quarterly earnings data on Thursday, January 16th. The technology company reported $0.19 EPS for the quarter, hitting analysts’ consensus estimates of $0.19. Infosys had a net margin of 17.28% and a return on equity of 31.60%. During the same quarter in the prior year, the company earned $0.18 EPS. Sell-side analysts predict that Infosys Limited will post 0.74 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on INFY. BMO Capital Markets upped their target price on shares of Infosys from $23.00 to $25.00 and gave the company a “market perform” rating in a report on Friday, October 18th. Guggenheim reaffirmed a “neutral” rating on shares of Infosys in a research note on Friday, January 17th. HSBC upgraded Infosys from a “hold” rating to a “buy” rating in a research note on Monday, December 9th. Hsbc Global Res raised Infosys from a “hold” rating to a “strong-buy” rating in a report on Monday, December 9th. Finally, StockNews.com upgraded shares of Infosys from a “hold” rating to a “buy” rating in a research report on Wednesday. Two analysts have rated the stock with a sell rating, three have issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $20.22.

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.