Wellington Management Group LLP Has $10.33 Million Stock Holdings in Infosys Ltd. $INFY

Wellington Management Group LLP raised its holdings in shares of Infosys Ltd. (NYSE:INFY) by 64.0% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 985,062 shares of the technology company’s stock after acquiring an additional 384,562 shares during the period. Wellington Management Group LLP’s holdings in Infosys were worth $10,333,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the stock. Trinity Street Asset Management LLP boosted its position in shares of Infosys by 45.5% in the 1st 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 last quarter. Lazard Asset Management LLC increased its holdings in Infosys by 17.0% in 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 last quarter. Public Employees Retirement System of Ohio acquired a new position in Infosys in the second quarter valued at about $23,235,000. Hudson Edge Investment Partners Inc. boosted its holdings in Infosys by 56.5% during 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 buying an additional 1,607,300 shares during the last quarter. Finally, Weiss Asset Management LP bought a new position in Infosys during the first quarter worth about $10,708,000. Institutional investors and hedge funds own 16.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on INFY shares. Susquehanna lowered their price target on Infosys from $12.00 to $11.00 and set a “neutral” rating for the company in a research note on Friday, July 24th. Wells Fargo & Company set a $11.00 price objective on shares of Infosys and gave the company an “equal weight” rating in a research report on Friday, June 26th. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $10.90 target price (down from $12.70) on shares of Infosys in a report on Friday, July 24th. Weiss Ratings cut Infosys from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, July 28th. Finally, CLSA lowered Infosys from an “outperform” rating to a “hold” rating in a research report on Wednesday, August 19th. Nine investment 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, Infosys currently has an average rating of “Reduce” and an average target price of $11.59.

Infosys Trading Down 4.5%

Shares of NYSE INFY opened at $11.17 on Wednesday. The company has a fifty day moving average price of $11.73 and a 200 day moving average price of $12.50. The firm has a market cap of $45.23 billion, a PE ratio of 13.79, a PEG ratio of 2.73 and a beta of 0.87. Infosys Ltd. has a 1-year low of $10.30 and a 1-year high of $30.00.

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

Infosys Company 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.