RWC Asset Advisors US LLC Buys New Shares in Infosys Ltd. $INFY

RWC Asset Advisors US LLC acquired a new stake in shares of Infosys Ltd. (NYSE:INFY) during the second quarter, Holdings Channel reports. The fund acquired 2,074,133 shares of the technology company’s stock, valued at approximately $21,758,000. Infosys makes up about 4.8% of RWC Asset Advisors US LLC’s investment portfolio, making the stock its 9th biggest position.

Several other large investors have also recently modified their holdings of INFY. Trinity Street Asset Management LLP boosted its holdings in Infosys by 45.5% during the 1st quarter. Trinity Street Asset Management LLP now owns 14,938,546 shares of the technology company’s stock valued at $201,820,000 after acquiring an additional 4,674,742 shares during the period. Lazard Asset Management LLC boosted its stake in shares of Infosys by 17.0% during the first quarter. Lazard Asset Management LLC now owns 26,776,494 shares of the technology company’s stock valued at $361,750,000 after purchasing an additional 3,893,801 shares during the period. Public Employees Retirement System of Ohio bought a new position in shares of Infosys in the second quarter worth approximately $23,235,000. Hudson Edge Investment Partners Inc. grew its holdings in shares of Infosys by 56.5% in the first quarter. Hudson Edge Investment Partners Inc. now owns 4,452,990 shares of the technology company’s stock worth $60,160,000 after purchasing an additional 1,607,300 shares during the last quarter. Finally, Nykredit A S purchased a new position in shares of Infosys in the second quarter worth $11,160,000. Hedge funds and other institutional investors own 16.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on INFY. TD Cowen restated a “hold” rating and issued a $9.00 price objective (down from $10.00) on shares of Infosys in a research report on Friday, July 24th. Wells Fargo & Company set a $11.00 target price on Infosys and gave the stock an “equal weight” rating in a research note on Friday, June 26th. BMO Capital Markets restated a “market perform” rating and set a $12.00 price target (down from $13.00) on shares of Infosys in a report on Friday, July 24th. Susquehanna lowered their price target on Infosys from $12.00 to $11.00 and set a “neutral” rating for the company in a research report on Friday, July 24th. Finally, CLSA cut Infosys from an “outperform” rating to a “hold” rating in a report on Wednesday, August 19th. Nine equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Reduce” and a consensus target price of $11.59.

Infosys Stock Down 0.3%

NYSE INFY opened at $11.66 on Tuesday. The firm has a market capitalization of $47.22 billion, a PE ratio of 14.40, a P/E/G ratio of 2.73 and a beta of 0.87. The stock’s 50 day moving average is $11.72 and its 200 day moving average is $12.52. Infosys Ltd. has a twelve month low of $10.30 and a twelve month high of $30.00.

Infosys (NYSE:INFY) last announced its earnings results on Thursday, July 23rd. The technology company reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.01). Infosys had a net margin of 16.38% and a return on equity of 33.91%. The business had revenue of $4.99 billion for the quarter, compared to the consensus estimate of $5.08 billion. On average, research analysts anticipate that Infosys Ltd. will post 0.81 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. The company was founded by Dinesh Krishnan Swamy, Senapathy Gopalakrishnan, Narayana Ramarao Nagavara Murthy, Raghavan N. S., Ashok Arora, Nandan M. Nilekani, and S. D. Shibulal on July 2, 1981 and is headquartered in Bangalore, India.