WINTON GROUP Ltd Acquires Shares of 181,800 Infosys Ltd. $INFY

WINTON GROUP Ltd bought a new position in shares of Infosys Ltd. (NYSE:INFY) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 181,800 shares of the technology company’s stock, valued at approximately $1,907,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Infosys by 6.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 63,155 shares of the technology company’s stock worth $1,153,000 after acquiring an additional 3,804 shares during the period. NewEdge Advisors LLC raised its stake in shares of Infosys by 79.9% during the first quarter. NewEdge Advisors LLC now owns 54,978 shares of the technology company’s stock worth $1,003,000 after purchasing an additional 24,426 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Infosys during the first quarter worth approximately $239,000. Trinity Street Asset Management LLP lifted its holdings in shares of Infosys by 45.5% during the first quarter. Trinity Street Asset Management LLP now owns 14,938,546 shares of the technology company’s stock worth $201,820,000 after purchasing an additional 4,674,742 shares during the period. Finally, Deltec Asset Management LLC lifted its holdings in shares of Infosys by 13.6% during the first quarter. Deltec Asset Management LLC now owns 58,500 shares of the technology company’s stock worth $790,000 after purchasing an additional 7,000 shares during the period. Hedge funds and other institutional investors own 16.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. BMO Capital Markets restated a “market perform” rating and set a $12.00 price objective (down from $13.00) on shares of Infosys in a research report on Friday, July 24th. Weiss Ratings cut shares of Infosys from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, July 28th. Wells Fargo & Company set a $11.00 target price on Infosys and gave the stock an “equal weight” rating in a research report on Friday, June 26th. Stifel Nicolaus set a $13.00 price target on Infosys and gave the company a “hold” rating in a report on Thursday, July 16th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $10.90 price objective (down from $12.70) on shares of Infosys in a report on Friday, July 24th. Nine research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Reduce” and an average price target of $11.59.

Infosys Stock Performance

Infosys stock opened at $11.09 on Friday. Infosys Ltd. has a fifty-two week low of $10.30 and a fifty-two week high of $30.00. The firm has a market capitalization of $44.89 billion, a price-to-earnings ratio of 13.69, a price-to-earnings-growth ratio of 2.54 and a beta of 0.87. The stock’s fifty day moving average is $11.73 and its two-hundred day moving average is $12.43.

Infosys (NYSE:INFY) last released its quarterly earnings results on Thursday, July 23rd. The technology company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.01). Infosys had a return on equity of 33.91% and a net margin of 16.38%.The firm had revenue of $4.99 billion for the quarter, compared to analyst estimates of $5.08 billion. As a group, sell-side analysts forecast that Infosys Ltd. will post 0.81 EPS for the current fiscal year.

Infosys 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. 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.