Ovata Capital Management Ltd Has $13.13 Million Stake in Infosys Limited (NYSE:INFY)

Ovata Capital Management Ltd raised its holdings in Infosys Limited (NYSE:INFY) by 1.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 599,039 shares of the technology company’s stock after purchasing an additional 8,975 shares during the period. Infosys makes up about 5.0% of Ovata Capital Management Ltd’s portfolio, making the stock its 6th largest holding. Ovata Capital Management Ltd’s holdings in Infosys were worth $13,131,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. SG Americas Securities LLC acquired a new position in Infosys in the fourth quarter valued at about $311,000. Jones Financial Companies Lllp lifted its holdings in shares of Infosys by 15.9% during the 4th quarter. Jones Financial Companies Lllp now owns 7,520 shares of the technology company’s stock worth $165,000 after acquiring an additional 1,030 shares during the period. Haven Global Partners LLC acquired a new stake in shares of Infosys during the 4th quarter worth approximately $4,078,000. Nomura Asset Management Co. Ltd. increased its stake in Infosys by 22.5% in the third quarter. Nomura Asset Management Co. Ltd. now owns 670,907 shares of the technology company’s stock valued at $14,941,000 after acquiring an additional 123,083 shares during the last quarter. Finally, Barclays PLC raised its position in Infosys by 11.8% during the third quarter. Barclays PLC now owns 2,523,605 shares of the technology company’s stock valued at $56,200,000 after purchasing an additional 266,902 shares in the last quarter. Institutional investors and hedge funds own 16.20% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. HSBC raised Infosys from a “hold” rating to a “buy” rating in a report on Monday, December 9th. StockNews.com cut Infosys from a “buy” rating to a “hold” rating in a research report on Thursday, March 20th. Hsbc Global Res raised shares of Infosys from a “hold” rating to a “strong-buy” rating in a report on Monday, December 9th. CLSA raised shares of Infosys from a “hold” rating to an “outperform” rating in a report on Friday, March 7th. Finally, Guggenheim reiterated a “neutral” rating on shares of Infosys in a research report on Friday, January 17th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $19.70.

Infosys Price Performance

Shares of NYSE INFY opened at $16.58 on Friday. The company has a 50 day simple moving average of $20.08 and a 200 day simple moving average of $21.58. Infosys Limited has a 1 year low of $16.04 and a 1 year high of $23.63. The firm has a market cap of $68.66 billion, a PE ratio of 20.98, a price-to-earnings-growth ratio of 3.50 and a beta of 1.01.

Infosys (NYSE:INFY) last released its quarterly earnings results on Thursday, January 16th. The technology company reported $0.19 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.19. Infosys had a net margin of 17.28% and a return on equity of 31.60%. During the same quarter in the prior year, the company earned $0.18 earnings per share. As a group, research analysts anticipate that Infosys Limited will post 0.74 earnings per share for the current fiscal 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.