Two Sigma Advisers LP Has $6.74 Million Position in Infosys Ltd (NYSE:INFY)

Two Sigma Advisers LP lifted its position in Infosys Ltd (NYSE:INFY) by 9.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 708,400 shares of the technology company’s stock after purchasing an additional 63,700 shares during the period. Two Sigma Advisers LP’s holdings in Infosys were worth $6,744,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in INFY. Nkcfo LLC bought a new stake in shares of Infosys in the 4th quarter valued at about $25,000. We Are One Seven LLC bought a new stake in shares of Infosys in the 4th quarter valued at about $28,000. Financial Gravity Companies Inc. bought a new stake in shares of Infosys in the 4th quarter valued at about $44,000. Guinness Asset Management Ltd raised its holdings in shares of Infosys by 29.8% in the 4th quarter. Guinness Asset Management Ltd now owns 5,320 shares of the technology company’s stock valued at $51,000 after purchasing an additional 1,220 shares in the last quarter. Finally, Rehmann Capital Advisory Group grew its position in shares of Infosys by 100.4% in the 3rd quarter. Rehmann Capital Advisory Group now owns 5,439 shares of the technology company’s stock worth $55,000 after buying an additional 2,725 shares during the last quarter. 17.81% of the stock is owned by hedge funds and other institutional investors.

NYSE INFY traded down $0.02 on Friday, hitting $10.39. 18,307,043 shares of the company’s stock traded hands, compared to its average volume of 11,102,210. Infosys Ltd has a 1-year low of $8.45 and a 1-year high of $11.38. The stock has a market cap of $45.16 billion, a price-to-earnings ratio of 19.24, a PEG ratio of 1.99 and a beta of 0.54.

Infosys (NYSE:INFY) last posted its earnings results on Friday, April 12th. The technology company reported $0.13 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.13. Infosys had a net margin of 18.62% and a return on equity of 25.41%. The firm had revenue of $3.06 billion during the quarter, compared to analysts’ expectations of $3.04 billion. During the same period in the previous year, the business posted $0.13 EPS. Sell-side analysts forecast that Infosys Ltd will post 0.55 earnings per share for the current fiscal year.

A number of research analysts have recently issued reports on INFY shares. Zacks Investment Research raised shares of Infosys from a “hold” rating to a “buy” rating and set a $12.00 price objective on the stock in a research report on Tuesday, March 19th. Citigroup raised shares of Infosys from a “neutral” rating to a “buy” rating in a research report on Friday, January 4th. Morgan Stanley downgraded shares of Infosys from an “overweight” rating to an “equal weight” rating and set a $10.62 price objective on the stock. in a research report on Monday, April 15th. HSBC downgraded shares of Infosys from a “buy” rating to a “hold” rating in a research report on Tuesday, April 2nd. Finally, Wells Fargo & Co set a $11.00 target price on shares of Infosys and gave the stock a “hold” rating in a research report on Friday, January 11th. Two research analysts have rated the stock with a sell rating and fifteen have assigned a hold rating to the stock. Infosys currently has a consensus rating of “Hold” and a consensus target price of $11.26.

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About Infosys

Infosys Limited, together with its subsidiaries, provides consulting, technology, and outsourcing services in North America, Europe, India, and internationally. It provides business information technology services, including application development and maintenance, independent validation, infrastructure management, and business process management services, as well as engineering services, such as engineering and life cycle solutions; and consulting and systems integration services comprising consulting, enterprise solutions, systems integration, and advanced technologies.

Further Reading: Fiduciary

Institutional Ownership by Quarter for Infosys (NYSE:INFY)

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