Infosys Limited (NYSE:INFY) Position Increased by US Bancorp DE

US Bancorp DE boosted its stake in shares of Infosys Limited (NYSE:INFY) by 2.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 280,573 shares of the technology company’s stock after purchasing an additional 7,599 shares during the quarter. US Bancorp DE’s holdings in Infosys were worth $6,150,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in INFY. Robeco Institutional Asset Management B.V. boosted its holdings in shares of 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 valued at $566,435,000 after acquiring an additional 1,501,039 shares during the period. Fisher Asset Management LLC lifted its position in Infosys by 0.7% in 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 purchasing an additional 102,341 shares during the last quarter. Franklin Resources Inc. boosted its stake in Infosys by 2.9% during the 3rd quarter. Franklin Resources Inc. now owns 11,272,051 shares of the technology company’s stock valued at $263,315,000 after purchasing an additional 322,648 shares during the period. BNP Paribas Financial Markets grew its position in Infosys by 5.1% in the 3rd 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 during the last quarter. Finally, Daiwa Securities Group Inc. increased its stake in shares of Infosys by 11.8% in the third quarter. Daiwa Securities Group Inc. now owns 5,852,900 shares of the technology company’s stock valued at $130,344,000 after purchasing an additional 618,400 shares during the period. 16.20% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on INFY shares. HSBC upgraded Infosys from a “hold” rating to a “buy” rating in a research report on Monday, December 9th. Hsbc Global Res upgraded Infosys from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 9th. Guggenheim reissued a “neutral” rating on shares of Infosys in a research note on Friday, January 17th. Finally, StockNews.com upgraded shares of Infosys from a “hold” rating to a “buy” rating in a research note on Wednesday, January 22nd. 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 issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $20.22.

Infosys Stock Performance

INFY opened at $19.68 on Wednesday. The company has a market capitalization of $81.50 billion, a PE ratio of 24.91, a P/E/G ratio of 3.50 and a beta of 1.00. The stock’s fifty day moving average is $21.76 and its 200-day moving average is $22.25. Infosys Limited has a one year low of $16.04 and a one year high of $23.63.

Infosys (NYSE:INFY) last issued its quarterly earnings results on Thursday, January 16th. The technology company reported $0.19 EPS for the quarter, hitting the consensus estimate 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 previous year, the firm earned $0.18 EPS. On average, equities research analysts forecast that Infosys Limited will post 0.74 EPS 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.