BlueCrest Capital Management Ltd Has $3.89 Million Position in Infosys Ltd (INFY)

BlueCrest Capital Management Ltd decreased its position in shares of Infosys Ltd (NYSE:INFY) by 73.3% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 239,500 shares of the technology company’s stock after selling 656,641 shares during the period. BlueCrest Capital Management Ltd’s holdings in Infosys were worth $3,885,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Russell Investments Group Ltd. lifted its stake in Infosys by 54.2% in the 4th quarter. Russell Investments Group Ltd. now owns 10,646,583 shares of the technology company’s stock worth $171,996,000 after purchasing an additional 3,740,199 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in Infosys by 358.0% in the 4th quarter. Bank of New York Mellon Corp now owns 4,679,711 shares of the technology company’s stock worth $75,905,000 after purchasing an additional 3,658,003 shares in the last quarter. ARGA Investment Management LP purchased a new stake in Infosys in the 3rd quarter worth $45,436,000. Oaktree Capital Management LP lifted its stake in Infosys by 8,942.6% in the 4th quarter. Oaktree Capital Management LP now owns 2,866,600 shares of the technology company’s stock worth $46,496,000 after purchasing an additional 2,834,899 shares in the last quarter. Finally, Yacktman Asset Management LP lifted its stake in Infosys by 56.8% in the 3rd quarter. Yacktman Asset Management LP now owns 6,031,017 shares of the technology company’s stock worth $87,993,000 after purchasing an additional 2,184,646 shares in the last quarter. Institutional investors own 19.69% of the company’s stock.

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Shares of Infosys Ltd (INFY) opened at $18.16 on Friday. Infosys Ltd has a fifty-two week low of $13.88 and a fifty-two week high of $18.71. The firm has a market cap of $38,750.00, a PE ratio of 16.97, a PEG ratio of 1.97 and a beta of 0.61.

Infosys (NYSE:INFY) last posted its earnings results on Friday, January 12th. The technology company reported $0.25 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.25. Infosys had a net margin of 22.97% and a return on equity of 21.31%. The firm had revenue of $2.76 billion for the quarter, compared to the consensus estimate of $2.74 billion. During the same period in the previous year, the firm posted $0.24 EPS. equities analysts forecast that Infosys Ltd will post 1 EPS for the current year.

Several brokerages have commented on INFY. Cantor Fitzgerald reiterated a “hold” rating and issued a $14.00 price target on shares of Infosys in a research note on Sunday, January 7th. Zacks Investment Research upgraded shares of Infosys from a “hold” rating to a “buy” rating and set a $18.00 price target on the stock in a research note on Tuesday, December 26th. UBS Group upgraded shares of Infosys from a “neutral” rating to a “buy” rating in a research note on Monday, January 22nd. Goldman Sachs Group upgraded shares of Infosys from a “neutral” rating to a “buy” rating in a research note on Monday, February 5th. Finally, Morgan Stanley upgraded shares of Infosys from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, January 16th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $15.77.

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Infosys Profile

Infosys Limited is engaged in consulting, technology, outsourcing and next-generation services. The Company, along with its subsidiaries, provides business information technology services comprising application development and maintenance, independent validation, infrastructure management, engineering services comprising product engineering and life cycle solutions and business process management; consulting and systems integration services comprising consulting, enterprise solutions, systems integration and advanced technologies; products, business platforms and solutions to accelerate intellectual property-led innovation, including Finacle, its banking solution, and offerings in the areas of Analytics, Cloud and Digital Transformation.

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Institutional Ownership by Quarter for Infosys (NYSE:INFY)

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