Foster Group Inc. Grows Stock Holdings in Infosys Limited (NYSE:INFY)

Foster Group Inc. increased its stake in Infosys Limited (NYSE:INFY) by 8.7% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 10,421 shares of the technology company’s stock after buying an additional 832 shares during the quarter. Foster Group Inc.’s holdings in Infosys were worth $228,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in INFY. International Assets Investment Management LLC bought a new position in shares of Infosys in the third quarter worth approximately $16,560,000. Nomura Asset Management Co. Ltd. raised its holdings in Infosys by 22.5% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 670,907 shares of the technology company’s stock worth $14,941,000 after acquiring an additional 123,083 shares during the last quarter. Barclays PLC lifted its position in Infosys by 11.8% in the 3rd quarter. Barclays PLC now owns 2,523,605 shares of the technology company’s stock valued at $56,200,000 after acquiring an additional 266,902 shares in the last quarter. BNP Paribas Financial Markets boosted its stake in Infosys by 5.1% during the 3rd quarter. BNP Paribas Financial Markets now owns 6,072,537 shares of the technology company’s stock valued at $135,235,000 after purchasing an additional 297,183 shares during the last quarter. Finally, DGS Capital Management LLC increased its holdings in shares of Infosys by 15.9% in the 3rd quarter. DGS Capital Management LLC now owns 63,209 shares of the technology company’s stock worth $1,408,000 after purchasing an additional 8,692 shares in the last quarter. Institutional investors own 16.20% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. StockNews.com raised Infosys from a “hold” rating to a “buy” rating in a report on Wednesday, January 22nd. Hsbc Global Res upgraded shares of Infosys from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 9th. Investec lowered shares of Infosys from a “hold” rating to a “sell” rating in a research note on Thursday, October 3rd. HSBC upgraded shares of Infosys from a “hold” rating to a “buy” rating in a research report on Monday, December 9th. Finally, BMO Capital Markets lifted their target price on shares of Infosys from $23.00 to $25.00 and gave the stock a “market perform” rating in a research report on Friday, October 18th. Two research analysts have rated the stock with a sell rating, three have given a hold rating, five have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $20.22.

Infosys Trading Up 0.8 %

INFY opened at $21.71 on Thursday. The firm’s 50 day simple moving average is $22.48 and its two-hundred day simple moving average is $22.30. The company has a market capitalization of $89.90 billion, a PE ratio of 27.47, a PEG ratio of 3.54 and a beta of 1.00. Infosys Limited has a 1-year low of $16.04 and a 1-year high of $23.63.

Infosys (NYSE:INFY) last announced its earnings results on Thursday, January 16th. The technology company reported $0.19 EPS for the quarter, hitting analysts’ consensus estimates of $0.19. Infosys had a return on equity of 31.60% and a net margin of 17.28%. During the same period in the previous year, the company posted $0.18 EPS. Equities analysts forecast that Infosys Limited will post 0.74 earnings per share 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.