Comgest Global Investors S.A.S. boosted its position in Infosys Ltd. (NYSE:INFY) by 0.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 31,012,349 shares of the company’s stock after buying an additional 700 shares during the period. Infosys accounts for 16.8% of Comgest Global Investors S.A.S.’s portfolio, making the stock its 2nd largest position. Comgest Global Investors S.A.S.’s holdings in Infosys were worth $553,570,000 at the end of the most recent reporting period.
Other large investors have also recently made changes to their positions in the company. Capital Fund Management S.A. bought a new stake in shares of Infosys during the second quarter worth $2,468,000. Alps Advisors Inc. raised its stake in shares of Infosys by 46.5% in the second quarter. Alps Advisors Inc. now owns 17,497 shares of the company’s stock worth $312,000 after buying an additional 5,556 shares during the last quarter. American Century Companies Inc. raised its stake in shares of Infosys by 20.2% in the second quarter. American Century Companies Inc. now owns 61,510 shares of the company’s stock worth $1,098,000 after buying an additional 10,330 shares during the last quarter. Bank of Montreal Can acquired a new position in shares of Infosys during the second quarter worth about $23,848,000. Finally, Boston Common Asset Management LLC boosted its position in shares of Infosys by 5.2% in the second quarter. Boston Common Asset Management LLC now owns 63,485 shares of the company’s stock worth $1,133,000 after buying an additional 3,120 shares during the period. 17.62% of the stock is currently owned by institutional investors and hedge funds.
Infosys Ltd. (NYSE:INFY) traded down 0.13% on Thursday, hitting $15.87. 5,900,597 shares of the stock traded hands. The firm has a 50-day moving average price of $16.09 and a 200-day moving average price of $17.71. The company has a market capitalization of $36.27 billion, a PE ratio of 17.44 and a beta of 0.99. Infosys Ltd. has a 12 month low of $15.64 and a 12 month high of $20.47.
Infosys (NYSE:INFY) last announced its quarterly earnings data on Friday, July 15th. The company reported $0.22 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.23 by $0.01. The company earned $2.50 billion during the quarter. Infosys had a net margin of 21.41% and a return on equity of 23.24%. The firm’s revenue was up 16.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.21 earnings per share. Analysts forecast that Infosys Ltd. will post $0.95 earnings per share for the current year.
INFY has been the subject of a number of recent research reports. Zacks Investment Research cut shares of Infosys from a “buy” rating to a “hold” rating in a research report on Tuesday, June 21st. BMO Capital Markets reissued a “hold” rating on shares of Infosys in a research report on Monday, July 18th. Oppenheimer Holdings Inc. reissued a “hold” rating on shares of Infosys in a research report on Friday, July 15th. Wells Fargo & Co. reissued a “hold” rating on shares of Infosys in a research report on Tuesday, August 16th. Finally, HSBC cut shares of Infosys from a “buy” rating to a “hold” rating in a research report on Tuesday, August 9th. Fourteen research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $18.23.
Infosys Company Profile
Infosys Limited is engaged in consulting, technology, outsourcing and next-generation services. The Company, along with its subsidiaries, provides business information technology services comprising application development and maintenance, independent validation, infrastructure management, engineering services comprising product engineering and life cycle solutions and business process management; consulting and systems integration services comprising consulting, enterprise solutions, systems integration and advanced technologies; products, business platforms and solutions to accelerate intellectual property-led innovation, including Finacle, its banking solution, and offerings in the areas of Analytics, Cloud and Digital Transformation.
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