Grantham Mayo Van Otterloo & Co. LLC Buys 87,115 Shares of Infosys Limited (NYSE:INFY)

Grantham Mayo Van Otterloo & Co. LLC grew its stake in Infosys Limited (NYSE:INFY) by 69.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 212,233 shares of the technology company’s stock after acquiring an additional 87,115 shares during the quarter. Grantham Mayo Van Otterloo & Co. LLC’s holdings in Infosys were worth $4,652,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Robeco Institutional Asset Management B.V. increased its stake 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 valued at $566,435,000 after purchasing an additional 1,501,039 shares in the last quarter. Fisher Asset Management LLC increased its position in shares of Infosys by 0.7% in the 4th 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. raised its stake in Infosys by 2.0% during the 4th quarter. Franklin Resources Inc. now owns 11,501,533 shares of the technology company’s stock worth $252,114,000 after buying an additional 229,482 shares during the period. Arrowstreet Capital Limited Partnership lifted its holdings in Infosys by 118.8% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 7,912,259 shares of the technology company’s stock worth $173,437,000 after acquiring an additional 4,296,291 shares in the last quarter. Finally, American Century Companies Inc. grew its stake in Infosys by 31.3% in the fourth quarter. American Century Companies Inc. now owns 4,603,993 shares of the technology company’s stock valued at $100,920,000 after acquiring an additional 1,097,105 shares during the period. 16.20% of the stock is currently owned by institutional investors and hedge funds.

Infosys Stock Performance

Infosys stock opened at $16.58 on Monday. Infosys Limited has a 52 week low of $16.04 and a 52 week high of $23.63. The stock has a market capitalization of $68.66 billion, a P/E ratio of 20.98, a price-to-earnings-growth ratio of 3.50 and a beta of 0.97. The stock has a fifty day moving average of $20.08 and a 200-day moving average of $21.56.

Infosys (NYSE:INFY) last issued its earnings results on Thursday, January 16th. The technology company reported $0.19 earnings per share for the quarter, meeting analysts’ consensus estimates 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 company earned $0.18 EPS. On average, research analysts forecast that Infosys Limited will post 0.74 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have recently weighed in on INFY. StockNews.com cut Infosys from a “buy” rating to a “hold” rating in a report on Thursday, March 20th. HSBC raised shares of Infosys from a “hold” rating to a “buy” rating in a research report on Monday, December 9th. CLSA raised shares of Infosys from a “hold” rating to an “outperform” rating in a research report on Friday, March 7th. Guggenheim reissued a “neutral” rating on shares of Infosys in a research note on Friday, January 17th. Finally, Hsbc Global Res raised Infosys from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 9th. Two analysts have rated the stock with a sell rating, four have issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price 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.