Infosys Limited (NYSE:INFY) Stock Holdings Lifted by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. increased its position in shares of Infosys Limited (NYSE:INFY) by 6.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 25,841,022 shares of the technology company’s stock after acquiring an additional 1,501,039 shares during the quarter. Infosys accounts for about 1.1% of Robeco Institutional Asset Management B.V.’s holdings, making the stock its 12th largest position. Robeco Institutional Asset Management B.V.’s holdings in Infosys were worth $566,435,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in INFY. Mizuho Securities Co. Ltd. acquired a new stake in Infosys during the 3rd quarter valued at $33,000. Brooklyn Investment Group acquired a new position in Infosys during the fourth quarter valued at $52,000. Wilmington Savings Fund Society FSB acquired a new position in Infosys during the third quarter valued at $57,000. Whittier Trust Co. of Nevada Inc. lifted its stake in Infosys by 25.3% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 3,795 shares of the technology company’s stock worth $85,000 after acquiring an additional 766 shares in the last quarter. Finally, GAMMA Investing LLC boosted its position in Infosys by 34.3% during the 3rd quarter. GAMMA Investing LLC now owns 3,936 shares of the technology company’s stock worth $88,000 after acquiring an additional 1,005 shares during the period. Hedge funds and other institutional investors own 16.20% of the company’s stock.

Infosys Stock Performance

INFY opened at $21.54 on Wednesday. The company has a market cap of $89.20 billion, a PE ratio of 27.26, a price-to-earnings-growth ratio of 3.54 and a beta of 1.00. The stock has a 50-day moving average of $22.48 and a 200-day moving average of $22.30. Infosys Limited has a 52-week low of $16.04 and a 52-week high of $23.63.

Infosys (NYSE:INFY) last announced its quarterly earnings results on Thursday, January 16th. The technology company reported $0.19 EPS for the quarter, meeting the consensus estimate of $0.19. Infosys had a return on equity of 31.60% and a net margin of 17.28%. During the same quarter in the prior year, the firm earned $0.18 EPS. On average, research analysts predict that Infosys Limited will post 0.74 earnings per share for the current year.

Analysts Set New Price Targets

INFY has been the subject of several research reports. StockNews.com upgraded shares of Infosys from a “hold” rating to a “buy” rating in a report on Wednesday, January 22nd. BMO Capital Markets boosted their price target on shares of Infosys from $23.00 to $25.00 and gave the company a “market perform” rating in a report on Friday, October 18th. Investec lowered Infosys from a “hold” rating to a “sell” rating in a report on Thursday, October 3rd. Guggenheim restated a “neutral” rating on shares of Infosys in a research note on Friday, January 17th. Finally, HSBC raised Infosys from a “hold” rating to a “buy” rating in a research note on Monday, December 9th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $20.22.

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.