Envestnet Portfolio Solutions Inc. Buys New Position in Infosys Limited (NYSE:INFY)

Envestnet Portfolio Solutions Inc. purchased a new position in shares of Infosys Limited (NYSE:INFY) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 16,463 shares of the technology company’s stock, valued at approximately $361,000.

A number of other institutional investors also recently made changes to their positions in the stock. Robeco Institutional Asset Management B.V. lifted its position in Infosys by 6.2% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 25,841,022 shares of the technology company’s stock worth $566,435,000 after purchasing an additional 1,501,039 shares during the period. Fisher Asset Management LLC boosted its stake in Infosys by 0.7% during the fourth quarter. Fisher Asset Management LLC now owns 14,517,359 shares of the technology company’s stock valued at $318,221,000 after buying an additional 102,341 shares in the last quarter. Franklin Resources Inc. grew its holdings in Infosys by 2.9% during the third quarter. Franklin Resources Inc. now owns 11,272,051 shares of the technology company’s stock worth $263,315,000 after acquiring an additional 322,648 shares during the period. BNP Paribas Financial Markets raised its position in Infosys by 5.1% in the third quarter. BNP Paribas Financial Markets now owns 6,072,537 shares of the technology company’s stock worth $135,235,000 after acquiring an additional 297,183 shares in the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich lifted its holdings in Infosys by 1,668.3% in the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 3,228,211 shares of the technology company’s stock valued at $75,470,000 after acquiring an additional 3,045,656 shares during the last quarter. 16.20% of the stock is owned by institutional investors and hedge funds.

Infosys Trading Down 1.0 %

Shares of NYSE INFY opened at $18.65 on Thursday. The firm has a market capitalization of $77.24 billion, a PE ratio of 23.60, a PEG ratio of 3.50 and a beta of 1.01. Infosys Limited has a one year low of $16.04 and a one year high of $23.81. The business has a 50-day moving average price of $20.57 and a two-hundred day moving average price of $21.82.

Infosys (NYSE:INFY) last released its quarterly earnings data on Thursday, January 16th. The technology company reported $0.19 earnings per share 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 period last year, the firm posted $0.18 EPS. Research analysts anticipate that Infosys Limited will post 0.74 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently commented on INFY shares. Hsbc Global Res upgraded shares of Infosys from a “hold” rating to a “strong-buy” rating in a report on Monday, December 9th. HSBC raised Infosys from a “hold” rating to a “buy” rating in a report on Monday, December 9th. Guggenheim reissued a “neutral” rating on shares of Infosys in a research note on Friday, January 17th. StockNews.com lowered Infosys from a “buy” rating to a “hold” rating in a research report on Thursday, March 20th. Finally, CLSA upgraded Infosys from a “hold” rating to an “outperform” rating in a research report on Friday, March 7th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $19.70.

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.