XY Capital Ltd Purchases Shares of 319,665 Infosys Ltd. $INFY

XY Capital Ltd purchased a new stake in Infosys Ltd. (NYSE:INFY) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 319,665 shares of the technology company’s stock, valued at approximately $4,319,000. Infosys accounts for about 4.3% of XY Capital Ltd’s investment portfolio, making the stock its 6th biggest holding.

Other institutional investors and hedge funds have also modified their holdings of the company. Bessemer Group Inc. grew its stake in Infosys by 49.3% in the 1st quarter. Bessemer Group Inc. now owns 1,720,708 shares of the technology company’s stock valued at $23,248,000 after buying an additional 568,573 shares during the last quarter. Trinity Street Asset Management LLP boosted its holdings in Infosys by 45.5% during the first quarter. Trinity Street Asset Management LLP now owns 14,938,546 shares of the technology company’s stock valued at $201,820,000 after acquiring an additional 4,674,742 shares during the period. Hudson Edge Investment Partners Inc. boosted its holdings in Infosys by 56.5% during the first quarter. Hudson Edge Investment Partners Inc. now owns 4,452,990 shares of the technology company’s stock valued at $60,160,000 after acquiring an additional 1,607,300 shares during the period. ABN Amro Investment Solutions grew its position in shares of Infosys by 94.2% in the first quarter. ABN Amro Investment Solutions now owns 997,028 shares of the technology company’s stock valued at $13,470,000 after purchasing an additional 483,700 shares during the last quarter. Finally, Boston Common Asset Management LLC grew its position in shares of Infosys by 1.1% in the first quarter. Boston Common Asset Management LLC now owns 208,639 shares of the technology company’s stock valued at $2,819,000 after purchasing an additional 2,300 shares during the last quarter. 16.20% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on INFY shares. TD Cowen cut their price objective on Infosys from $13.00 to $10.00 and set a “hold” rating for the company in a research report on Thursday, July 9th. BMO Capital Markets dropped their price target on Infosys from $20.00 to $15.00 and set a “market perform” rating on the stock in a research report on Friday, April 24th. Stifel Nicolaus set a $13.00 price target on Infosys and gave the stock a “hold” rating in a report on Thursday, July 16th. Wells Fargo & Company set a $11.00 price objective on Infosys and gave the company an “equal weight” rating in a research report on Friday, June 26th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Infosys from $16.80 to $12.70 and set an “overweight” rating on the stock in a research note on Wednesday, June 24th. One equities research analyst has rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $12.50.

Infosys Stock Performance

Shares of INFY opened at $11.12 on Wednesday. The company has a 50-day simple moving average of $11.68 and a 200-day simple moving average of $13.83. Infosys Ltd. has a 52 week low of $10.34 and a 52 week high of $30.00. The firm has a market capitalization of $45.00 billion, a P/E ratio of 13.90, a P/E/G ratio of 1.48 and a beta of 0.90.

Infosys (NYSE:INFY) last released its earnings results on Wednesday, April 1st. The technology company reported $0.23 earnings per share for the quarter. Infosys had a return on equity of 32.64% and a net margin of 16.44%.The business had revenue of $5.04 billion for the quarter. As a group, equities analysts forecast that Infosys Ltd. will post 0.82 earnings per share for the current 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. The company was founded by Dinesh Krishnan Swamy, Senapathy Gopalakrishnan, Narayana Ramarao Nagavara Murthy, Raghavan N. S., Ashok Arora, Nandan M. Nilekani, and S. D. Shibulal on July 2, 1981 and is headquartered in Bangalore, India.