Infosys Ltd (NYSE:INFY) Holdings Raised by Dorsey Wright & Associates

Dorsey Wright & Associates lifted its stake in shares of Infosys Ltd (NYSE:INFY) by 2.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 462,142 shares of the technology company’s stock after acquiring an additional 9,163 shares during the quarter. Infosys makes up approximately 1.2% of Dorsey Wright & Associates’ holdings, making the stock its 17th biggest position. Dorsey Wright & Associates’ holdings in Infosys were worth $5,051,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the stock. Nkcfo LLC bought a new position in Infosys in the 4th quarter worth approximately $25,000. We Are One Seven LLC bought a new position in Infosys in the 4th quarter worth approximately $28,000. Advisory Services Network LLC boosted its stake in Infosys by 303.8% in the 4th quarter. Advisory Services Network LLC now owns 4,228 shares of the technology company’s stock worth $40,000 after purchasing an additional 3,181 shares during the period. Financial Gravity Companies Inc. bought a new position in Infosys in the 4th quarter worth approximately $44,000. Finally, Guinness Asset Management Ltd boosted its stake in Infosys by 29.8% in the 4th quarter. Guinness Asset Management Ltd now owns 5,320 shares of the technology company’s stock worth $51,000 after purchasing an additional 1,220 shares during the period. Institutional investors own 17.81% of the company’s stock.

INFY stock opened at $10.65 on Friday. Infosys Ltd has a twelve month low of $8.61 and a twelve month high of $11.38. The firm has a market capitalization of $45.98 billion, a price-to-earnings ratio of 19.72, a price-to-earnings-growth ratio of 2.02 and a beta of 0.54.

Infosys (NYSE:INFY) last released its earnings results on Friday, April 12th. The technology company reported $0.13 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.13. Infosys had a return on equity of 25.41% and a net margin of 18.62%. The business had revenue of $3.06 billion for the quarter, compared to analyst estimates of $3.04 billion. During the same quarter last year, the firm posted $0.13 earnings per share. As a group, sell-side analysts expect that Infosys Ltd will post 0.55 EPS for the current year.

Several research firms have weighed in on INFY. Credit Suisse Group downgraded Infosys from a “neutral” rating to an “underperform” rating in a research note on Monday, April 15th. Wells Fargo & Co restated a “hold” rating on shares of Infosys in a research note on Friday, April 12th. Citigroup upgraded Infosys from a “neutral” rating to a “buy” rating in a research note on Friday, January 4th. Nomura downgraded Infosys from a “neutral” rating to a “reduce” rating in a research report on Monday, April 15th. Finally, Susquehanna Bancshares upgraded Infosys from a “negative” rating to a “neutral” rating and increased their target price for the company from $7.50 to $11.00 in a research report on Monday, January 14th. Two research analysts have rated the stock with a sell rating and fifteen have assigned a hold rating to the company. Infosys presently has an average rating of “Hold” and an average target price of $11.26.

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Infosys Company Profile

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.

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Institutional Ownership by Quarter for Infosys (NYSE:INFY)

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