Sava Infond d.o.o. Makes New $877,000 Investment in Infosys Limited (NYSE:INFY)

Sava Infond d.o.o. acquired a new stake in shares of Infosys Limited (NYSE:INFY) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 40,000 shares of the technology company’s stock, valued at approximately $877,000.

Several other hedge funds have also made changes to their positions in the stock. Robeco Institutional Asset Management B.V. boosted its stake in Infosys by 6.2% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 25,841,022 shares of the technology company’s stock worth $566,435,000 after buying an additional 1,501,039 shares in the last quarter. Fisher Asset Management LLC boosted its position in shares of Infosys by 0.7% during the 4th quarter. Fisher Asset Management LLC now owns 14,517,359 shares of the technology company’s stock valued at $318,221,000 after acquiring an additional 102,341 shares in the last quarter. Franklin Resources Inc. increased its stake in Infosys by 2.9% in the third quarter. Franklin Resources Inc. now owns 11,272,051 shares of the technology company’s stock valued at $263,315,000 after acquiring an additional 322,648 shares during the period. BNP Paribas Financial Markets raised its position in Infosys by 5.1% in the third quarter. BNP Paribas Financial Markets now owns 6,072,537 shares of the technology company’s stock worth $135,235,000 after purchasing an additional 297,183 shares in the last quarter. Finally, American Century Companies Inc. lifted its stake in Infosys by 31.3% during the fourth quarter. American Century Companies Inc. now owns 4,603,993 shares of the technology company’s stock worth $100,920,000 after purchasing an additional 1,097,105 shares during the period. Institutional investors own 16.20% of the company’s stock.

Infosys Stock Down 1.0 %

Infosys stock opened at $18.65 on Thursday. The stock has a 50-day simple moving average of $20.57 and a 200 day simple moving average of $21.82. The stock has a market capitalization of $77.24 billion, a price-to-earnings ratio of 23.60, a P/E/G ratio of 3.50 and a beta of 1.01. Infosys Limited has a 12-month low of $16.04 and a 12-month high of $23.81.

Infosys (NYSE:INFY) last announced its 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 in the prior year, the firm earned $0.18 earnings per share. As a group, sell-side analysts anticipate that Infosys Limited will post 0.74 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have recently issued reports on INFY. Hsbc Global Res raised Infosys from a “hold” rating to a “strong-buy” rating in a report on Monday, December 9th. HSBC upgraded Infosys from a “hold” rating to a “buy” rating in a research note on Monday, December 9th. Guggenheim restated a “neutral” rating on shares of Infosys in a research note on Friday, January 17th. CLSA upgraded shares of Infosys from a “hold” rating to an “outperform” rating in a research report on Friday, March 7th. Finally, StockNews.com downgraded shares of Infosys from a “buy” rating to a “hold” rating in a report on Thursday, March 20th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Infosys presently has a consensus rating of “Hold” and an average target price of $19.70.

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.