Virtu Financial LLC Takes $645,000 Position in Infosys Ltd (NYSE:INFY)

Virtu Financial LLC acquired a new stake in Infosys Ltd (NYSE:INFY) during the first quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 59,005 shares of the technology company’s stock, valued at approximately $645,000.

Several other hedge funds also recently modified their holdings of the stock. New Silk Road Investment PTE Ltd. increased its holdings in Infosys by 16.6% in the first quarter. New Silk Road Investment PTE Ltd. now owns 679,300 shares of the technology company’s stock valued at $7,425,000 after purchasing an additional 96,700 shares during the last quarter. DNB Asset Management AS increased its holdings in Infosys by 21.7% in the first quarter. DNB Asset Management AS now owns 53,883 shares of the technology company’s stock valued at $589,000 after purchasing an additional 9,600 shares during the last quarter. Manning & Napier Group LLC increased its holdings in Infosys by 3.8% in the first quarter. Manning & Napier Group LLC now owns 387,434 shares of the technology company’s stock valued at $4,234,000 after purchasing an additional 14,309 shares during the last quarter. Dorsey Wright & Associates increased its holdings in Infosys by 2.0% in the first quarter. Dorsey Wright & Associates now owns 462,142 shares of the technology company’s stock valued at $5,051,000 after purchasing an additional 9,163 shares during the last quarter. Finally, Advisory Services Network LLC increased its holdings in Infosys by 303.8% in the fourth quarter. Advisory Services Network LLC now owns 4,228 shares of the technology company’s stock valued at $40,000 after purchasing an additional 3,181 shares during the last quarter. 17.66% of the stock is currently owned by institutional investors and hedge funds.

Several equities research analysts have issued reports on INFY shares. Zacks Investment Research downgraded Infosys from a “hold” rating to a “sell” rating in a report on Wednesday, April 10th. HSBC downgraded Infosys from a “buy” rating to a “hold” rating in a report on Tuesday, April 2nd. Deutsche Bank downgraded Infosys from a “buy” rating to a “hold” rating in a report on Monday, April 15th. Investec downgraded Infosys from a “buy” rating to a “hold” rating in a report on Monday, April 15th. Finally, Cantor Fitzgerald reaffirmed a “hold” rating and set a $10.00 price objective on shares of Infosys in a research report on Friday, January 11th. Two research analysts have rated the stock with a sell rating and fifteen have issued a hold rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $11.26.

Shares of INFY traded up $0.06 during mid-day trading on Friday, reaching $10.26. The company’s stock had a trading volume of 19,016,307 shares, compared to its average volume of 13,144,775. Infosys Ltd has a 1-year low of $8.62 and a 1-year high of $11.38. The stock has a market cap of $44.33 billion, a price-to-earnings ratio of 19.00, a PEG ratio of 1.97 and a beta of 0.52.

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

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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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