Infosys Limited (INFY) Position Held by Pinebridge Investments L.P.
Pinebridge Investments L.P. maintained its position in Infosys Limited (NYSE:INFY) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 12,532 shares of the technology company’s stock at the end of the second quarter. Pinebridge Investments L.P.’s holdings in Infosys Limited were worth $188,000 as of its most recent SEC filing.
Other hedge funds also recently bought and sold shares of the company. Kernodle & Katon Asset Management Group LLC purchased a new position in Infosys Limited during the 1st quarter valued at about $100,000. PNC Financial Services Group Inc. grew its holdings in Infosys Limited by 82.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 7,547 shares of the technology company’s stock valued at $120,000 after buying an additional 3,400 shares in the last quarter. Equity Investment Corp Acquisition Inc purchased a new position in Infosys Limited during the 2nd quarter valued at about $151,000. Personal Capital Advisors Corp purchased a new position in Infosys Limited during the 2nd quarter valued at about $166,000. Finally, Greenleaf Trust grew its holdings in Infosys Limited by 13.5% during the 2nd quarter. Greenleaf Trust now owns 12,045 shares of the technology company’s stock valued at $181,000 after buying an additional 1,437 shares in the last quarter. 19.89% of the stock is owned by institutional investors and hedge funds.
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Shares of Infosys Limited (NYSE INFY) opened at 14.52 on Friday. The company has a 50-day moving average price of $14.71 and a 200-day moving average price of $15.09. The company has a market cap of $33.19 billion, a P/E ratio of 15.30 and a beta of 0.74. Infosys Limited has a 52-week low of $13.42 and a 52-week high of $16.71.
Infosys Limited (NYSE:INFY) last released its quarterly earnings results on Friday, July 14th. The technology company reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.01. The business had revenue of $170.78 billion during the quarter, compared to analysts’ expectations of $170.51 billion. Infosys Limited had a return on equity of 21.37% and a net margin of 20.95%. The firm’s revenue for the quarter was up 1.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.22 EPS. On average, equities analysts predict that Infosys Limited will post $0.98 EPS for the current year.
Several brokerages have recently commented on INFY. HSBC Holdings plc raised Infosys Limited from a “hold” rating to a “buy” rating in a report on Thursday, June 8th. Goldman Sachs Group, Inc. (The) reissued a “sell” rating on shares of Infosys Limited in a report on Friday, June 9th. BidaskClub raised Infosys Limited from a “hold” rating to a “buy” rating in a report on Wednesday, July 12th. Cantor Fitzgerald reissued a “hold” rating and set a $15.00 price objective on shares of Infosys Limited in a report on Friday, July 14th. Finally, Zacks Investment Research raised Infosys Limited from a “sell” rating to a “hold” rating and set a $18.00 price objective for the company in a report on Monday, July 17th. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $15.34.
Infosys Limited Company 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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