Infosys Limited (NYSE:INFY) Shares Bought by Matthews International Capital Management LLC

Matthews International Capital Management LLC raised its position in shares of Infosys Limited (NYSE:INFY) by 975.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 266,270 shares of the technology company’s stock after acquiring an additional 241,503 shares during the quarter. Infosys makes up about 1.2% of Matthews International Capital Management LLC’s holdings, making the stock its 23rd largest holding. Matthews International Capital Management LLC’s holdings in Infosys were worth $5,837,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Mercer Global Advisors Inc. ADV boosted its position in Infosys by 2.9% during the second quarter. Mercer Global Advisors Inc. ADV now owns 17,632 shares of the technology company’s stock worth $328,000 after acquiring an additional 505 shares during the last quarter. Bank of Montreal Can lifted its stake in Infosys by 333.5% in the 2nd quarter. Bank of Montreal Can now owns 90,597 shares of the technology company’s stock worth $1,687,000 after purchasing an additional 69,697 shares in the last quarter. The Manufacturers Life Insurance Company boosted its holdings in shares of Infosys by 20.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 686,251 shares of the technology company’s stock worth $12,778,000 after purchasing an additional 117,805 shares during the last quarter. Creative Planning grew its position in shares of Infosys by 40.1% in the second quarter. Creative Planning now owns 317,218 shares of the technology company’s stock valued at $5,907,000 after purchasing an additional 90,781 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its holdings in shares of Infosys by 10.6% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 54,158 shares of the technology company’s stock valued at $1,008,000 after purchasing an additional 5,174 shares during the last quarter. Hedge funds and other institutional investors own 16.20% of the company’s stock.

Analyst Ratings Changes

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

Infosys Stock Performance

Infosys stock opened at $21.53 on Tuesday. The company has a market capitalization of $89.15 billion, a price-to-earnings ratio of 27.25, a price-to-earnings-growth ratio of 3.54 and a beta of 1.00. The company’s 50 day simple moving average is $22.49 and its 200-day simple moving average is $22.28. 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 earnings per share (EPS) for the quarter, meeting 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 last year, the business earned $0.18 EPS. Equities analysts expect that Infosys Limited will post 0.74 earnings per share for the current 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.