Aigen Investment Management LP Makes New $325,000 Investment in Infosys Limited (NYSE:INFY)

Aigen Investment Management LP acquired a new position in shares of Infosys Limited (NYSE:INFY) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 14,809 shares of the technology company’s stock, valued at approximately $325,000.

Several other hedge funds also recently modified their holdings of the stock. Robeco Institutional Asset Management B.V. grew its holdings in Infosys by 6.2% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 25,841,022 shares of the technology company’s stock worth $566,435,000 after purchasing an additional 1,501,039 shares during the period. Fisher Asset Management LLC grew its stake in shares of Infosys by 0.7% in the 4th quarter. Fisher Asset Management LLC now owns 14,517,359 shares of the technology company’s stock valued at $318,221,000 after buying an additional 102,341 shares during the period. Franklin Resources Inc. grew its stake in shares of Infosys by 2.9% in the 3rd quarter. Franklin Resources Inc. now owns 11,272,051 shares of the technology company’s stock valued at $263,315,000 after buying an additional 322,648 shares during the period. BNP Paribas Financial Markets grew its stake in shares of Infosys by 5.1% in the 3rd quarter. BNP Paribas Financial Markets now owns 6,072,537 shares of the technology company’s stock valued at $135,235,000 after buying an additional 297,183 shares during the period. Finally, Daiwa Securities Group Inc. grew its stake in shares of Infosys by 11.8% in the 3rd quarter. Daiwa Securities Group Inc. now owns 5,852,900 shares of the technology company’s stock valued at $130,344,000 after buying an additional 618,400 shares during the period. Institutional investors own 16.20% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on INFY. StockNews.com upgraded Infosys from a “hold” rating to a “buy” rating in a research note on Wednesday, January 22nd. Hsbc Global Res upgraded Infosys from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 9th. HSBC upgraded Infosys from a “hold” rating to a “buy” rating in a research note on Monday, December 9th. Guggenheim restated a “neutral” rating on shares of Infosys in a research note on Friday, January 17th. Finally, CLSA upgraded Infosys from a “hold” rating to an “outperform” rating in a research note on Friday. Two analysts have rated the stock with a sell rating, three have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $20.22.

Infosys Stock Performance

INFY stock opened at $19.84 on Friday. The company has a market capitalization of $82.17 billion, a P/E ratio of 25.11, a price-to-earnings-growth ratio of 3.50 and a beta of 1.01. Infosys Limited has a 52-week low of $16.04 and a 52-week high of $23.63. The business has a 50-day simple moving average of $21.60 and a two-hundred day simple moving average of $22.20.

Infosys (NYSE:INFY) last announced its earnings results on Thursday, January 16th. The technology company reported $0.19 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.19. Infosys had a return on equity of 31.60% and a net margin of 17.28%. During the same period in the prior year, the firm posted $0.18 EPS. As a group, sell-side analysts forecast that Infosys Limited will post 0.74 earnings per share for the current fiscal year.

About Infosys

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.