Infosys Limited (NYSE:INFY) Shares Bought by Acadian Asset Management LLC

Acadian Asset Management LLC increased its holdings in Infosys Limited (NYSE:INFY) by 6.8% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 5,167,738 shares of the technology company’s stock after acquiring an additional 327,974 shares during the quarter. Acadian Asset Management LLC owned approximately 0.12% of Infosys worth $96,212,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of INFY. GAMMA Investing LLC raised its position in shares of Infosys by 33.0% in the 1st quarter. GAMMA Investing LLC now owns 2,390 shares of the technology company’s stock valued at $43,000 after purchasing an additional 593 shares in the last quarter. Hilltop National Bank increased its stake in shares of Infosys by 50.8% in the second quarter. Hilltop National Bank now owns 2,979 shares of the technology company’s stock worth $55,000 after buying an additional 1,004 shares during the last quarter. Jones Financial Companies Lllp acquired a new stake in Infosys in the fourth quarter valued at $56,000. Whittier Trust Co. of Nevada Inc. boosted its stake in Infosys by 126.7% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 3,029 shares of the technology company’s stock valued at $56,000 after acquiring an additional 1,693 shares during the last quarter. Finally, EverSource Wealth Advisors LLC grew its holdings in Infosys by 113.4% during the 4th quarter. EverSource Wealth Advisors LLC now owns 3,130 shares of the technology company’s stock worth $58,000 after acquiring an additional 1,663 shares in the last quarter. Institutional investors and hedge funds own 10.89% of the company’s stock.

Infosys Price Performance

NYSE:INFY opened at $22.54 on Friday. Infosys Limited has a 12-month low of $16.04 and a 12-month high of $23.48. The business has a 50 day simple moving average of $21.54 and a 200 day simple moving average of $19.19. The firm has a market capitalization of $93.31 billion, a P/E ratio of 29.66, a P/E/G ratio of 3.69 and a beta of 0.99.

Infosys (NYSE:INFY) last released its quarterly earnings results on Thursday, July 18th. The technology company reported $0.18 EPS for the quarter, hitting the consensus estimate of $0.18. The business had revenue of $4.71 billion during the quarter, compared to analyst estimates of $4.67 billion. Infosys had a net margin of 17.18% and a return on equity of 32.01%. During the same quarter in the prior year, the firm earned $0.17 earnings per share. Research analysts anticipate that Infosys Limited will post 0.75 EPS for the current fiscal year.

Analysts Set New Price Targets

INFY has been the topic of a number of recent analyst reports. Macquarie upgraded shares of Infosys from an “underperform” rating to a “neutral” rating in a research note on Friday, July 19th. StockNews.com cut Infosys from a “buy” rating to a “hold” rating in a research note on Thursday, August 8th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $19.27.

Infosys Company Profile

Infosys Limited, together with its subsidiaries, provides consulting, technology, outsourcing, and next-generation digital services in North America, Europe, India, and internationally. It provides digital marketing and digital workplace, digital commerce, digital experience and interactions, metaverse, data analytics and AI, applied AI, generative AI, sustainability, blockchain, engineering, Internet of Things, enterprise agile DevOps, application modernization, cloud, digital process automation, digital supply chain, Microsoft business application and cloud business, service experience transformation, energy transition, cyber security, and quality engineering solutions; Oracle, SAP, and Saleforce solutions; API economy and microservices; and Topaz, an AI-first set of services, solutions, and platforms using generative AI technologies.