Infosys Limited (NYSE:INFY) Shares Acquired by Van ECK Associates Corp

Van ECK Associates Corp grew its position in Infosys Limited (NYSE:INFY) by 2.8% in the fourth quarter, HoldingsChannel reports. The fund owned 429,959 shares of the technology company’s stock after acquiring an additional 11,658 shares during the quarter. Van ECK Associates Corp’s holdings in Infosys were worth $9,425,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of INFY. Robeco Institutional Asset Management B.V. increased its stake in shares of Infosys by 68.8% during the third quarter. Robeco Institutional Asset Management B.V. now owns 24,339,983 shares of the technology company’s stock worth $542,051,000 after purchasing an additional 9,923,744 shares in the last quarter. Victory Capital Management Inc. grew its stake in Infosys by 6,071.1% during the 3rd quarter. Victory Capital Management Inc. now owns 4,739,830 shares of the technology company’s stock valued at $105,556,000 after acquiring an additional 4,663,023 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new stake in Infosys during the 3rd quarter valued at about $36,039,000. Connor Clark & Lunn Investment Management Ltd. grew its stake in Infosys by 186.3% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,186,685 shares of the technology company’s stock valued at $48,697,000 after acquiring an additional 1,422,814 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. grew its stake in Infosys by 1,606.5% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,454,437 shares of the technology company’s stock valued at $32,143,000 after acquiring an additional 1,369,210 shares in the last quarter. Institutional investors and hedge funds own 16.20% of the company’s stock.

Infosys Stock Down 0.8 %

Infosys stock opened at $21.58 on Monday. The firm has a market cap of $89.36 billion, a PE ratio of 27.31, a price-to-earnings-growth ratio of 3.64 and a beta of 1.00. Infosys Limited has a 52-week low of $16.04 and a 52-week high of $23.63. The company’s 50 day moving average is $22.33 and its two-hundred day moving average is $22.31.

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

Analyst Upgrades and Downgrades

Several research firms have weighed in on INFY. StockNews.com upgraded shares of Infosys from a “hold” rating to a “buy” rating in a report on Wednesday, January 22nd. HSBC upgraded shares of Infosys from a “hold” rating to a “buy” rating in a report on Monday, December 9th. Guggenheim restated a “neutral” rating on shares of Infosys in a report on Friday, January 17th. Finally, Hsbc Global Res upgraded shares of Infosys from a “hold” rating to a “strong-buy” rating in a report on Monday, December 9th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $20.22.

About Infosys

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.