Aigen Investment Management LP acquired a new position in Infosys Limited (NYSE:INFY - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 14,809 shares of the technology company's stock, valued at approximately $325,000.
A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Sierra Ocean LLC purchased a new stake in shares of Infosys during the fourth quarter valued at approximately $29,000. Mizuho Securities Co. Ltd. bought a new position in Infosys during the third quarter valued at approximately $33,000. Brooklyn Investment Group bought a new position in Infosys during the fourth quarter valued at approximately $52,000. Wilmington Savings Fund Society FSB bought a new position in Infosys during the third quarter valued at approximately $57,000. Finally, GAMMA Investing LLC lifted its position in Infosys by 14.2% during the fourth quarter. GAMMA Investing LLC now owns 4,496 shares of the technology company's stock valued at $99,000 after purchasing an additional 560 shares during the period. Hedge funds and other institutional investors own 16.20% of the company's stock.
INFY has been the topic of a number of research analyst reports. HSBC upgraded shares of Infosys from a "hold" rating to a "buy" rating in a research report on Monday, December 9th. StockNews.com upgraded shares of Infosys from a "hold" rating to a "buy" rating in a research report on Wednesday, January 22nd. CLSA upgraded shares of Infosys from a "hold" rating to an "outperform" rating in a research report on Friday. Guggenheim reiterated a "neutral" rating on shares of Infosys in a research report on Friday, January 17th. Finally, Hsbc Global Res upgraded shares of Infosys from a "hold" rating to a "strong-buy" rating in a research report on Monday, December 9th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating, six have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, Infosys has an average rating of "Moderate Buy" and an average target price of $20.22.
Read Our Latest Report on INFY
Shares of INFY stock traded up $0.09 on Friday, hitting $19.84. 15,923,229 shares of the stock traded hands, compared to its average volume of 10,433,234. The firm has a market cap of $82.17 billion, a price-to-earnings ratio of 25.11, a PEG ratio of 3.50 and a beta of 1.01. Infosys Limited has a 52 week low of $16.04 and a 52 week high of $23.63. The firm has a 50 day simple moving average of $21.60 and a two-hundred day simple moving average of $22.20.
Infosys (NYSE:INFY - Get Free Report) last announced its quarterly earnings data on Thursday, January 16th. The technology company reported $0.19 EPS for the quarter, meeting 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 quarter in the prior year, the business posted $0.18 EPS. Sell-side analysts forecast that Infosys Limited will post 0.74 EPS for the current year.
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.
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