Allspring Global Investments Holdings LLC Has $31.52 Million Position in Infosys Limited (NYSE:INFY)

Allspring Global Investments Holdings LLC boosted its position in Infosys Limited (NYSE:INFY) by 1.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,393,557 shares of the technology company’s stock after purchasing an additional 19,440 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Infosys were worth $31,521,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Mizuho Securities Co. Ltd. acquired a new stake in shares of Infosys in the third quarter valued at about $33,000. Brooklyn Investment Group acquired a new stake in shares of Infosys in the fourth quarter valued at about $52,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Infosys in the third quarter valued at about $57,000. Whittier Trust Co. of Nevada Inc. increased its stake in shares of Infosys by 25.3% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 3,795 shares of the technology company’s stock valued at $85,000 after buying an additional 766 shares during the period. Finally, GAMMA Investing LLC increased its stake in shares of Infosys by 14.2% in the fourth quarter. GAMMA Investing LLC now owns 4,496 shares of the technology company’s stock valued at $99,000 after buying an additional 560 shares during the period. Institutional investors and hedge funds own 16.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. BMO Capital Markets increased their price target on Infosys from $23.00 to $25.00 and gave the company a “market perform” rating in a research note on Friday, October 18th. HSBC upgraded Infosys from a “hold” rating to a “buy” rating in a research report on Monday, December 9th. StockNews.com upgraded Infosys from a “hold” rating to a “buy” rating in a research report on Wednesday, January 22nd. Hsbc Global Res upgraded Infosys from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 9th. Finally, Guggenheim restated a “neutral” rating on shares of Infosys in a research report on Friday, January 17th. Two analysts have rated the stock with a sell rating, three have issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $20.22.

Infosys Stock Performance

Shares of NYSE:INFY opened at $21.58 on Friday. The business’s 50 day simple moving average is $22.35 and its two-hundred day simple moving average is $22.32. The firm has a market cap of $89.36 billion, a P/E ratio of 27.31, a PEG ratio of 3.64 and a beta of 1.00. Infosys Limited has a 52-week low of $16.04 and a 52-week high of $23.63.

Infosys (NYSE:INFY) last announced its quarterly earnings results on Thursday, January 16th. The technology company reported $0.19 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.19. Infosys had a return on equity of 31.60% and a net margin of 17.28%. During the same period last year, the company earned $0.18 EPS. On average, equities analysts forecast that Infosys Limited will post 0.74 earnings per share for the current fiscal year.

Infosys 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.