OMERS ADMINISTRATION Corp Grows Stake in Infosys Limited (NYSE:INFY)

OMERS ADMINISTRATION Corp lifted its holdings in shares of Infosys Limited (NYSE:INFY) by 88.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 166,374 shares of the technology company’s stock after acquiring an additional 77,995 shares during the period. OMERS ADMINISTRATION Corp’s holdings in Infosys were worth $3,647,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the business. Barclays PLC raised its holdings in Infosys by 11.8% during the third quarter. Barclays PLC now owns 2,523,605 shares of the technology company’s stock worth $56,200,000 after purchasing an additional 266,902 shares in the last quarter. Aprio Wealth Management LLC purchased a new position in shares of Infosys in the 4th quarter valued at $232,000. Claro Advisors LLC purchased a new position in shares of Infosys in the 4th quarter valued at $243,000. Kathmere Capital Management LLC raised its stake in Infosys by 6.9% during the 4th quarter. Kathmere Capital Management LLC now owns 51,652 shares of the technology company’s stock worth $1,132,000 after acquiring an additional 3,324 shares in the last quarter. Finally, Park Avenue Securities LLC purchased a new stake in Infosys in the fourth quarter valued at $237,000. Hedge funds and other institutional investors own 16.20% of the company’s stock.

Infosys Stock Performance

Shares of Infosys stock opened at $18.39 on Wednesday. Infosys Limited has a one year low of $15.82 and a one year high of $23.63. The company has a market cap of $76.17 billion, a P/E ratio of 23.28, a PEG ratio of 3.50 and a beta of 0.98. The firm has a fifty day moving average of $17.76 and a two-hundred day moving average of $20.50.

Infosys (NYSE:INFY) last issued its quarterly earnings results on Thursday, April 17th. The technology company reported $0.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.19 by $0.01. The business had revenue of $4.79 billion for the quarter, compared to analyst estimates of $420.69 billion. Infosys had a net margin of 17.28% and a return on equity of 31.60%. During the same period in the previous year, the business posted $0.23 earnings per share. As a group, equities analysts predict that Infosys Limited will post 0.74 earnings per share for the current year.

Wall Street Analyst Weigh In

INFY has been the topic of several research reports. StockNews.com lowered Infosys from a “buy” rating to a “hold” rating in a report on Wednesday, April 23rd. Susquehanna raised Infosys from a “negative” rating to a “neutral” rating and set a $17.00 target price for the company in a research report on Monday, April 14th. BMO Capital Markets reduced their price objective on Infosys from $25.00 to $18.00 and set a “market perform” rating for the company in a research note on Monday, April 21st. Investec raised shares of Infosys from a “sell” rating to a “buy” rating in a report on Friday, April 18th. Finally, Stifel Nicolaus lowered their price target on Infosys from $18.00 to $17.00 and set a “hold” rating on the stock in a report on Monday, April 21st. Seven equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $17.48.

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.