14,809 Shares in Infosys Limited (NYSE:INFY) Acquired by Aigen Investment Management LP

Aigen Investment Management LP purchased a new position in Infosys Limited (NYSE:INFY) during the fourth quarter, Holdings Channel.com reports. The fund purchased 14,809 shares of the technology company’s stock, valued at approximately $325,000.

Other hedge funds also recently modified their holdings of the company. Sierra Ocean LLC bought a new stake in shares of Infosys in the 4th quarter worth approximately $29,000. Mizuho Securities Co. Ltd. bought a new stake in shares of Infosys in the 3rd quarter worth approximately $33,000. Brooklyn Investment Group bought a new stake in shares of Infosys in the 4th quarter worth approximately $52,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Infosys in the 3rd quarter worth approximately $57,000. Finally, GAMMA Investing LLC raised its holdings in shares of Infosys by 14.2% in the 4th quarter. GAMMA Investing LLC now owns 4,496 shares of the technology company’s stock worth $99,000 after purchasing an additional 560 shares during the period. Institutional investors own 16.20% of the company’s stock.

Wall Street Analyst Weigh In

INFY has been the topic of a number of analyst reports. Guggenheim reissued a “neutral” rating on shares of Infosys in a report on Friday, January 17th. HSBC raised shares of Infosys from a “hold” rating to a “buy” rating in a report on Monday, December 9th. CLSA raised shares of Infosys from a “hold” rating to an “outperform” rating in a report on Friday. Hsbc Global Res raised shares of Infosys from a “hold” rating to a “strong-buy” rating in a report on Monday, December 9th. Finally, StockNews.com raised shares of Infosys from a “hold” rating to a “buy” rating in a report on Wednesday, January 22nd. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Infosys currently has an average rating of “Moderate Buy” and a consensus price target of $20.22.

Infosys Price Performance

INFY opened at $19.84 on Friday. The company has a fifty day moving average price of $21.60 and a 200-day moving average price of $22.20. The firm has a market capitalization of $82.17 billion, a P/E ratio of 25.11, a price-to-earnings-growth ratio of 3.50 and a beta of 1.01. Infosys Limited has a one year low of $16.04 and a one year high of $23.63.

Infosys (NYSE:INFY) last released its quarterly earnings results on Thursday, January 16th. The technology company reported $0.19 EPS for the quarter, meeting 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 last year, the company posted $0.18 earnings per share. On average, analysts expect that Infosys Limited will post 0.74 earnings per share for the current 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.