Connor Clark & Lunn Investment Management Ltd. Acquires 797,152 Shares of Infosys Limited (NYSE:INFY)

Connor Clark & Lunn Investment Management Ltd. increased its holdings in Infosys Limited (NYSE:INFY) by 36.5% in the fourth quarter, HoldingsChannel reports. The firm owned 2,983,837 shares of the technology company’s stock after purchasing an additional 797,152 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in Infosys were worth $65,406,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. BHK Investment Advisors LLC boosted its holdings in Infosys by 2.3% in the fourth quarter. BHK Investment Advisors LLC now owns 22,785 shares of the technology company’s stock worth $499,000 after purchasing an additional 507 shares in the last quarter. Outlook Wealth Advisors LLC boosted its holdings in Infosys by 2.8% in the fourth quarter. Outlook Wealth Advisors LLC now owns 18,405 shares of the technology company’s stock worth $403,000 after purchasing an additional 508 shares in the last quarter. Canopy Partners LLC boosted its holdings in Infosys by 3.1% in the third quarter. Canopy Partners LLC now owns 17,129 shares of the technology company’s stock worth $381,000 after purchasing an additional 522 shares in the last quarter. GAMMA Investing LLC boosted its holdings in Infosys by 14.2% during the fourth quarter. GAMMA Investing LLC now owns 4,496 shares of the technology company’s stock valued at $99,000 after acquiring an additional 560 shares during the period. Finally, Flagship Harbor Advisors LLC boosted its holdings in Infosys by 6.2% during the fourth quarter. Flagship Harbor Advisors LLC now owns 11,026 shares of the technology company’s stock valued at $242,000 after acquiring an additional 641 shares during the period. 16.20% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on INFY shares. StockNews.com cut shares of Infosys from a “buy” rating to a “hold” rating in a report on Monday. Guggenheim restated a “neutral” rating on shares of Infosys in a report on Friday, January 17th. Hsbc Global Res upgraded shares of Infosys from a “hold” rating to a “strong-buy” rating in a report on Monday, December 9th. HSBC upgraded shares of Infosys from a “hold” rating to a “buy” rating in a report on Monday, December 9th. Finally, CLSA upgraded shares of Infosys from a “hold” rating to an “outperform” rating in a report on Friday, March 7th. Two analysts have rated the stock with a sell rating, four have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $20.22.

Infosys Price Performance

Shares of Infosys stock opened at $18.51 on Thursday. The company’s fifty day moving average price is $21.42 and its two-hundred day moving average price is $22.13. The firm has a market capitalization of $76.65 billion, a PE ratio of 23.42, a price-to-earnings-growth ratio of 3.50 and a beta of 1.01. Infosys Limited has a 52-week low of $16.04 and a 52-week high of $23.63.

Infosys (NYSE:INFY) last announced its quarterly earnings results 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 previous year, the business earned $0.18 earnings per share. Analysts predict that Infosys Limited will post 0.74 earnings per share for the current fiscal 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, and Services, Manufacturing, Hi-Tech, Life Sciences, and All Other.