ABN Amro Investment Solutions Has $13.47 Million Stake in Infosys Ltd. $INFY

ABN Amro Investment Solutions lifted its position in shares of Infosys Ltd. (NYSE:INFY) by 94.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 997,028 shares of the technology company’s stock after buying an additional 483,700 shares during the period. ABN Amro Investment Solutions’ holdings in Infosys were worth $13,470,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of INFY. Trinity Street Asset Management LLP raised its position in Infosys by 45.5% in the 1st quarter. Trinity Street Asset Management LLP now owns 14,938,546 shares of the technology company’s stock valued at $201,820,000 after buying an additional 4,674,742 shares during the last quarter. Hudson Edge Investment Partners Inc. increased its stake in Infosys by 56.5% in the 1st quarter. Hudson Edge Investment Partners Inc. now owns 4,452,990 shares of the technology company’s stock valued at $60,160,000 after buying an additional 1,607,300 shares during the last quarter. Bessemer Group Inc. grew its holdings in shares of Infosys by 49.3% in the 1st quarter. Bessemer Group Inc. now owns 1,720,708 shares of the technology company’s stock valued at $23,248,000 after acquiring an additional 568,573 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Infosys by 0.7% in the first quarter. Dimensional Fund Advisors LP now owns 7,789,344 shares of the technology company’s stock valued at $105,206,000 after acquiring an additional 52,393 shares during the last quarter. Finally, KBC Group NV increased its position in shares of Infosys by 28.4% in the first quarter. KBC Group NV now owns 219,640 shares of the technology company’s stock valued at $2,967,000 after acquiring an additional 48,521 shares during the last quarter. 16.20% of the stock is currently owned by institutional investors.

Infosys Price Performance

Shares of NYSE:INFY opened at $11.12 on Wednesday. Infosys Ltd. has a 1 year low of $10.34 and a 1 year high of $30.00. The company has a market capitalization of $45.00 billion, a P/E ratio of 13.90, a P/E/G ratio of 1.48 and a beta of 0.90. The business’s 50 day simple moving average is $11.68 and its 200 day simple moving average is $13.83.

Infosys (NYSE:INFY) last announced its quarterly earnings data on Wednesday, April 1st. The technology company reported $0.23 EPS for the quarter. Infosys had a net margin of 16.44% and a return on equity of 32.64%. The business had revenue of $5.04 billion during the quarter. On average, sell-side analysts anticipate that Infosys Ltd. will post 0.82 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

INFY has been the subject of several recent research reports. Susquehanna reduced their price target on Infosys from $14.00 to $12.00 and set a “neutral” rating for the company in a research report on Friday, July 10th. BMO Capital Markets dropped their price objective on Infosys from $20.00 to $15.00 and set a “market perform” rating on the stock in a research note on Friday, April 24th. TD Cowen cut their price objective on Infosys from $13.00 to $10.00 and set a “hold” rating for the company in a report on Thursday, July 9th. Weiss Ratings reissued a “hold (c-)” rating on shares of Infosys in a research note on Monday, June 8th. Finally, Wells Fargo & Company set a $11.00 price target on shares of Infosys and gave the company an “equal weight” rating in a research note on Friday, June 26th. One research analyst has rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $12.50.

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.