Fox Run Management L.L.C. Acquires 6,927 Shares of Infosys Limited (NYSE:INFY)

Fox Run Management L.L.C. boosted its holdings in Infosys Limited (NYSE:INFY) by 26.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 32,730 shares of the technology company’s stock after buying an additional 6,927 shares during the period. Fox Run Management L.L.C.’s holdings in Infosys were worth $717,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Sierra Ocean LLC bought a new position in Infosys during the fourth quarter worth $29,000. Brooklyn Investment Group acquired a new stake in Infosys in the 4th quarter worth $52,000. Wilmington Savings Fund Society FSB bought a new position in shares of Infosys during the 3rd quarter worth about $57,000. Farther Finance Advisors LLC raised its position in shares of Infosys by 69.7% during the fourth quarter. Farther Finance Advisors LLC now owns 3,115 shares of the technology company’s stock valued at $68,000 after buying an additional 1,279 shares during the last quarter. Finally, GAMMA Investing LLC lifted its stake in shares of Infosys by 14.2% in the fourth quarter. GAMMA Investing LLC now owns 4,496 shares of the technology company’s stock valued at $99,000 after buying an additional 560 shares during the period. 16.20% of the stock is currently owned by institutional investors and hedge funds.

Infosys Price Performance

Shares of NYSE:INFY opened at $18.34 on Monday. The business’s fifty day moving average price is $20.81 and its two-hundred day moving average price is $21.89. Infosys Limited has a fifty-two week low of $16.04 and a fifty-two week high of $23.81. The stock has a market capitalization of $75.96 billion, a price-to-earnings ratio of 23.21, a price-to-earnings-growth ratio of 3.50 and a beta of 1.01.

Infosys (NYSE:INFY) last posted its earnings results on Thursday, January 16th. The technology company reported $0.19 earnings per share for the quarter, hitting 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 business posted $0.18 EPS. Research analysts expect that Infosys Limited will post 0.74 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently issued reports on INFY. CLSA upgraded Infosys from a “hold” rating to an “outperform” rating in a research note on Friday, March 7th. HSBC upgraded Infosys from a “hold” rating to a “buy” rating in a research report on Monday, December 9th. StockNews.com cut Infosys from a “buy” rating to a “hold” rating in a research report on Thursday. Guggenheim reissued a “neutral” rating on shares of Infosys in a report on Friday, January 17th. Finally, Hsbc Global Res raised shares of Infosys from a “hold” rating to a “strong-buy” rating in a report on Monday, December 9th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Infosys presently has an average rating of “Hold” and an average price target of $19.70.

Infosys Company Profile

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.