Infosys Ltd. $INFY Shares Purchased by Trinity Street Asset Management LLP

Trinity Street Asset Management LLP boosted its position in shares of Infosys Ltd. (NYSE:INFY) by 45.5% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 14,938,546 shares of the technology company’s stock after purchasing an additional 4,674,742 shares during the quarter. Infosys makes up 13.8% of Trinity Street Asset Management LLP’s portfolio, making the stock its 2nd biggest holding. Trinity Street Asset Management LLP owned 0.37% of Infosys worth $201,820,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. Dynamic Technology Lab Private Ltd acquired a new position in Infosys during the first quarter worth about $239,000. NewEdge Advisors LLC increased its stake in shares of Infosys by 79.9% during the 1st quarter. NewEdge Advisors LLC now owns 54,978 shares of the technology company’s stock worth $1,003,000 after purchasing an additional 24,426 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Infosys by 6.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 63,155 shares of the technology company’s stock worth $1,153,000 after purchasing an additional 3,804 shares in the last quarter. Institutional investors and hedge funds own 16.20% of the company’s stock.

Infosys Stock Performance

Shares of INFY stock opened at $10.48 on Wednesday. The firm has a market capitalization of $42.43 billion, a price-to-earnings ratio of 13.10, a price-to-earnings-growth ratio of 1.39 and a beta of 0.89. Infosys Ltd. has a one year low of $10.34 and a one year high of $30.00. The company has a 50 day moving average price of $12.17 and a 200 day moving average price of $14.60.

Infosys (NYSE:INFY) last announced its quarterly earnings results on Wednesday, April 1st. The technology company reported $0.23 earnings per share for the quarter. Infosys had a net margin of 16.44% and a return on equity of 32.64%. The company had revenue of $5.04 billion for the quarter. As a group, equities analysts forecast that Infosys Ltd. will post 0.83 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on INFY. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Infosys in a research note on Monday, June 8th. Wells Fargo & Company set a $11.00 price target on Infosys and gave the stock an “equal weight” rating in a research report on Friday. Susquehanna cut their price target on Infosys from $16.00 to $14.00 and set a “neutral” rating for the company in a report on Friday, April 24th. BMO Capital Markets cut their price target on Infosys from $20.00 to $15.00 and set a “market perform” rating for the company in a report on Friday, April 24th. Finally, JPMorgan Chase & Co. reduced their price objective on Infosys from $16.80 to $12.70 and set an “overweight” rating on the stock in a research report on Wednesday, June 24th. One equities research analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $13.63.

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. The company was founded by Dinesh Krishnan Swamy, Senapathy Gopalakrishnan, Narayana Ramarao Nagavara Murthy, Raghavan N. S., Ashok Arora, Nandan M. Nilekani, and S. D. Shibulal on July 2, 1981 and is headquartered in Bangalore, India.