Bennbridge Ltd Makes New $2.33 Million Investment in Infosys Limited (NYSE:INFY)

Bennbridge Ltd bought a new position in Infosys Limited (NYSE:INFY) in the 4th quarter, Holdings Channel.com reports. The institutional investor bought 106,482 shares of the technology company’s stock, valued at approximately $2,334,000. Infosys makes up about 2.4% of Bennbridge Ltd’s investment portfolio, making the stock its 6th biggest holding.

Several other large investors have also bought and sold shares of INFY. Sierra Ocean LLC bought a new stake in shares of Infosys in the fourth quarter worth approximately $29,000. Mizuho Securities Co. Ltd. bought a new stake in shares of Infosys in the third quarter worth approximately $33,000. Brooklyn Investment Group bought a new stake in shares of Infosys in the fourth quarter worth approximately $52,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Infosys in the third quarter worth approximately $57,000. Finally, Farther Finance Advisors LLC grew its position in Infosys by 69.7% during the fourth quarter. Farther Finance Advisors LLC now owns 3,115 shares of the technology company’s stock valued at $68,000 after buying an additional 1,279 shares during the period. 16.20% of the stock is owned by hedge funds and other institutional investors.

Infosys Price Performance

INFY opened at $18.51 on Thursday. The firm has a market cap of $76.65 billion, a P/E ratio of 23.42, a PEG ratio of 3.50 and a beta of 1.01. Infosys Limited has a 1-year low of $16.04 and a 1-year high of $23.63. The company has a 50 day simple moving average of $21.42 and a two-hundred day simple moving average of $22.13.

Infosys (NYSE:INFY) last posted its quarterly earnings results on Thursday, January 16th. The technology company reported $0.19 earnings per share 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 period last year, the company earned $0.18 earnings per share. Equities analysts anticipate that Infosys Limited will post 0.74 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on INFY. HSBC upgraded shares of Infosys from a “hold” rating to a “buy” rating in a research report on Monday, December 9th. StockNews.com lowered shares of Infosys from a “buy” rating to a “hold” rating in a research report on Monday. Guggenheim restated a “neutral” rating on shares of Infosys in a research report on Friday, January 17th. Hsbc Global Res upgraded shares of Infosys from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 9th. Finally, CLSA upgraded shares of Infosys from a “hold” rating to an “outperform” rating in a research report on Friday, March 7th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Infosys has a consensus rating of “Hold” and a consensus target price 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.