Janney Montgomery Scott LLC Takes Position in Infosys Limited (INFY)

Janney Montgomery Scott LLC bought a new position in Infosys Limited (NYSE:INFY) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 23,036 shares of the technology company’s stock, valued at approximately $336,000.

Several other institutional investors have also modified their holdings of the company. Comgest Global Investors S.A.S. raised its holdings in shares of Infosys by 1.4% during the second quarter. Comgest Global Investors S.A.S. now owns 33,248,005 shares of the technology company’s stock worth $499,385,000 after acquiring an additional 465,600 shares in the last quarter. Nordea Investment Management AB raised its holdings in Infosys by 0.6% during the second quarter. Nordea Investment Management AB now owns 33,042,144 shares of the technology company’s stock valued at $496,293,000 after buying an additional 188,589 shares in the last quarter. Seafarer Capital Partners LLC raised its holdings in Infosys by 1.7% during the third quarter. Seafarer Capital Partners LLC now owns 9,821,000 shares of the technology company’s stock valued at $143,288,000 after buying an additional 166,000 shares in the last quarter. Mondrian Investment Partners LTD raised its holdings in Infosys by 67.4% during the third quarter. Mondrian Investment Partners LTD now owns 8,792,515 shares of the technology company’s stock valued at $128,283,000 after buying an additional 3,541,514 shares in the last quarter. Finally, Prudential PLC raised its holdings in Infosys by 1.6% during the second quarter. Prudential PLC now owns 8,656,300 shares of the technology company’s stock valued at $130,018,000 after buying an additional 139,000 shares in the last quarter. 18.85% of the stock is owned by institutional investors and hedge funds.

Shares of Infosys Limited (NYSE INFY) opened at $16.18 on Thursday. Infosys Limited has a 1 year low of $13.42 and a 1 year high of $16.37. The firm has a market capitalization of $37,370.00, a PE ratio of 16.34, a P/E/G ratio of 1.74 and a beta of 0.73.

Infosys (NYSE:INFY) last released its earnings results on Tuesday, October 24th. The technology company reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.01. Infosys had a return on equity of 21.05% and a net margin of 21.04%. The business had revenue of $2.73 billion for the quarter, compared to the consensus estimate of $2.78 billion. During the same period last year, the business earned $0.24 earnings per share. equities research analysts anticipate that Infosys Limited will post 0.98 EPS for the current fiscal year.

INFY has been the topic of several recent research reports. Robert W. Baird restated a “hold” rating and set a $16.00 target price on shares of Infosys in a report on Sunday, September 3rd. Zacks Investment Research upgraded Infosys from a “hold” rating to a “buy” rating and set a $16.00 target price on the stock in a report on Wednesday, September 6th. BidaskClub lowered Infosys from a “hold” rating to a “sell” rating in a report on Tuesday, September 12th. Goldman Sachs Group raised Infosys from a “sell” rating to a “neutral” rating and raised their price target for the company from $12.40 to $12.88 in a research report on Sunday, September 17th. Finally, Cowen reaffirmed a “hold” rating and issued a $15.00 price target on shares of Infosys in a research report on Thursday, October 12th. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $15.48.

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Infosys Company Profile

Infosys Limited is engaged in consulting, technology, outsourcing and next-generation services. The Company, along with its subsidiaries, provides business information technology services comprising application development and maintenance, independent validation, infrastructure management, engineering services comprising product engineering and life cycle solutions and business process management; consulting and systems integration services comprising consulting, enterprise solutions, systems integration and advanced technologies; products, business platforms and solutions to accelerate intellectual property-led innovation, including Finacle, its banking solution, and offerings in the areas of Analytics, Cloud and Digital Transformation.

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Institutional Ownership by Quarter for Infosys (NYSE:INFY)

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