Infosys Ltd. $INFY Shares Purchased by Hudson Edge Investment Partners Inc.

Hudson Edge Investment Partners Inc. raised its holdings in shares of Infosys Ltd. (NYSE:INFY) by 56.5% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,452,990 shares of the technology company’s stock after acquiring an additional 1,607,300 shares during the quarter. Infosys makes up approximately 8.8% of Hudson Edge Investment Partners Inc.’s holdings, making the stock its 2nd biggest position. Hudson Edge Investment Partners Inc. owned approximately 0.11% of Infosys worth $60,160,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. V Square Quantitative Management LLC acquired a new position in Infosys during the first quarter worth $97,000. Able Wealth Management LLC bought a new position in Infosys in the first quarter valued at $163,000. Keybank National Association OH acquired a new stake in Infosys in the 1st quarter valued at $205,000. Dynamic Technology Lab Private Ltd acquired a new stake in Infosys in the 1st quarter valued at $239,000. Finally, PFG Investments LLC lifted its position in Infosys by 19.3% during the 1st quarter. PFG Investments LLC now owns 21,396 shares of the technology company’s stock worth $289,000 after buying an additional 3,464 shares in the last quarter. Institutional investors own 16.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on INFY shares. BMO Capital Markets reduced their price objective on shares of Infosys from $20.00 to $15.00 and set a “market perform” rating for the company in a research note on Friday, April 24th. JPMorgan Chase & Co. lowered their target price on Infosys from $16.80 to $12.70 and set an “overweight” rating on the stock in a research report on Wednesday, June 24th. Susquehanna dropped their target price on Infosys from $16.00 to $14.00 and set a “neutral” rating on the stock in a report on Friday, April 24th. Weiss Ratings reissued a “hold (c-)” rating on shares of Infosys in a research report on Monday, June 8th. Finally, Wells Fargo & Company set a $11.00 price target on Infosys and gave the company an “equal weight” rating in a research note on Friday, June 26th. One investment analyst has rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $13.63.

Infosys Price Performance

Shares of INFY stock opened at $11.17 on Friday. The stock has a market cap of $45.22 billion, a P/E ratio of 13.97, a P/E/G ratio of 1.45 and a beta of 0.90. The company has a fifty day moving average price of $11.99 and a two-hundred day moving average price of $14.48. Infosys Ltd. has a one year low of $10.34 and a one year high of $30.00.

Infosys (NYSE:INFY) last announced its quarterly earnings data on Wednesday, April 1st. The technology company reported $0.23 EPS for the quarter. The company had revenue of $5.04 billion during the quarter. Infosys had a net margin of 16.44% and a return on equity of 32.64%. As a group, equities research analysts anticipate that Infosys Ltd. will post 0.83 EPS for the current fiscal year.

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. The company was founded by Dinesh Krishnan Swamy, Senapathy Gopalakrishnan, Narayana Ramarao Nagavara Murthy, Raghavan N. S., Ashok Arora, Nandan M. Nilekani, and S. D. Shibulal on July 2, 1981 and is headquartered in Bangalore, India.