Janus Henderson Group PLC Acquires 23,763 Shares of Infosys Limited (INFY)
Janus Henderson Group PLC increased its holdings in Infosys Limited (NYSE:INFY) by 2.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 892,584 shares of the technology company’s stock after purchasing an additional 23,763 shares during the period. Janus Henderson Group PLC’s holdings in Infosys were worth $13,023,000 at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of the stock. Tower Research Capital LLC TRC boosted its holdings in Infosys by 198.2% during the second quarter. Tower Research Capital LLC TRC now owns 7,967 shares of the technology company’s stock valued at $120,000 after acquiring an additional 5,295 shares during the period. Foster & Motley Inc. bought a new stake in Infosys during the third quarter valued at about $166,000. Northwestern Mutual Wealth Management Co. boosted its holdings in Infosys by 4.7% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 13,365 shares of the technology company’s stock valued at $201,000 after acquiring an additional 605 shares during the period. High Pointe Capital Management LLC bought a new stake in Infosys during the third quarter valued at about $203,000. Finally, Equity Investment Corp boosted its holdings in Infosys by 50.2% during the third quarter. Equity Investment Corp now owns 15,100 shares of the technology company’s stock valued at $220,000 after acquiring an additional 5,050 shares during the period. Hedge funds and other institutional investors own 18.85% of the company’s stock.
A number of equities research analysts have issued reports on INFY shares. Zacks Investment Research upgraded shares of Infosys from a “hold” rating to a “buy” rating and set a $17.00 price target for the company in a report on Tuesday, September 19th. Deutsche Bank upgraded shares of Infosys from a “hold” rating to a “buy” rating in a report on Monday, August 28th. Bank of America upgraded shares of Infosys from a “neutral” rating to a “buy” rating in a report on Tuesday, December 5th. Robert W. Baird restated a “hold” rating and set a $16.00 price target on shares of Infosys in a report on Sunday, September 3rd. Finally, Stifel Nicolaus restated a “hold” rating on shares of Infosys in a report on Thursday, October 26th. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have assigned a buy rating to the company’s stock. Infosys has a consensus rating of “Hold” and a consensus target price of $15.34.
Infosys (NYSE:INFY) last announced its quarterly earnings data on Tuesday, October 24th. The technology company reported $0.25 EPS for the quarter, beating the Zacks’ consensus estimate of $0.24 by $0.01. The business had revenue of $2.73 billion during the quarter, compared to analyst estimates of $2.78 billion. Infosys had a net margin of 21.04% and a return on equity of 21.05%. During the same quarter in the prior year, the business earned $0.24 earnings per share. equities research analysts predict that Infosys Limited will post 0.98 earnings per share for the current fiscal year.
Infosys 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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