Saturna Capital Corp Buys 3,228 Shares of Infosys Limited (NYSE:INFY)

Saturna Capital Corp boosted its stake in shares of Infosys Limited (NYSE:INFY) by 2.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 166,428 shares of the technology company’s stock after purchasing an additional 3,228 shares during the quarter. Saturna Capital Corp’s holdings in Infosys were worth $3,648,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Victory Capital Management Inc. increased its position in shares of Infosys by 6,071.1% during the third quarter. Victory Capital Management Inc. now owns 4,739,830 shares of the technology company’s stock worth $105,556,000 after purchasing an additional 4,663,023 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich grew its stake in Infosys by 1,668.3% during the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 3,228,211 shares of the technology company’s stock worth $75,470,000 after buying an additional 3,045,656 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new position in Infosys during the 3rd quarter valued at about $36,039,000. Robeco Institutional Asset Management B.V. raised its stake in Infosys by 6.2% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 25,841,022 shares of the technology company’s stock valued at $566,435,000 after buying an additional 1,501,039 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its holdings in Infosys by 186.3% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,186,685 shares of the technology company’s stock worth $48,697,000 after acquiring an additional 1,422,814 shares in the last quarter. Hedge funds and other institutional investors own 16.20% of the company’s stock.

Infosys Stock Down 2.3 %

Shares of INFY opened at $18.99 on Wednesday. The company has a market capitalization of $78.67 billion, a price-to-earnings ratio of 24.04, a PEG ratio of 3.50 and a beta of 1.01. Infosys Limited has a 52 week low of $16.04 and a 52 week high of $23.63. The stock’s 50-day moving average price is $21.49 and its 200-day moving average price is $22.15.

Infosys (NYSE:INFY) last released its quarterly earnings data on Thursday, January 16th. The technology company reported $0.19 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 firm posted $0.18 EPS. As a group, equities analysts anticipate that Infosys Limited will post 0.74 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on INFY. Guggenheim restated a “neutral” rating on shares of Infosys in a report on Friday, January 17th. HSBC upgraded shares of Infosys from a “hold” rating to a “buy” rating in a research note on Monday, December 9th. Hsbc Global Res upgraded shares of Infosys from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 9th. StockNews.com downgraded Infosys from a “buy” rating to a “hold” rating in a research report on Monday. Finally, CLSA raised Infosys from a “hold” rating to an “outperform” rating in a research report on Friday, March 7th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $20.22.

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.