William Blair Investment Management LLC Has $37.56 Million Holdings in Infosys Limited (NYSE:INFY)

William Blair Investment Management LLC lifted its position in shares of Infosys Limited (NYSE:INFY) by 3.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,713,529 shares of the technology company’s stock after purchasing an additional 59,200 shares during the quarter. William Blair Investment Management LLC’s holdings in Infosys were worth $37,561,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of INFY. Natixis Advisors LLC grew its holdings in shares of Infosys by 63.5% during the 3rd quarter. Natixis Advisors LLC now owns 266,942 shares of the technology company’s stock worth $5,945,000 after purchasing an additional 103,659 shares in the last quarter. Adero Partners LLC acquired a new stake in Infosys in the 3rd quarter valued at $283,000. Thrivent Financial for Lutherans boosted its stake in Infosys by 495.2% in the 3rd quarter. Thrivent Financial for Lutherans now owns 154,395 shares of the technology company’s stock valued at $3,438,000 after buying an additional 128,457 shares in the last quarter. Pathstone Holdings LLC boosted its stake in Infosys by 3.7% in the 3rd quarter. Pathstone Holdings LLC now owns 129,321 shares of the technology company’s stock valued at $2,880,000 after buying an additional 4,587 shares in the last quarter. Finally, Caprock Group LLC boosted its stake in Infosys by 1.1% in the 3rd quarter. Caprock Group LLC now owns 63,593 shares of the technology company’s stock valued at $1,416,000 after buying an additional 720 shares in the last quarter. Institutional investors and hedge funds own 16.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. CLSA raised Infosys from a “hold” rating to an “outperform” rating in a research note on Friday, March 7th. Guggenheim reaffirmed a “neutral” rating on shares of Infosys in a research note on Friday, January 17th. StockNews.com lowered Infosys from a “buy” rating to a “hold” rating in a research note on Monday, March 10th. Hsbc Global Res raised Infosys from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 9th. Finally, HSBC upgraded Infosys from a “hold” rating to a “buy” rating in a research report on Monday, December 9th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $19.78.

Infosys Stock Performance

Shares of INFY opened at $18.59 on Tuesday. The company has a market cap of $76.98 billion, a price-to-earnings ratio of 23.53, 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 $23.81. The stock has a fifty day moving average price of $21.16 and a two-hundred day moving average price of $22.03.

Infosys (NYSE:INFY) last released its earnings results on Thursday, January 16th. The technology company reported $0.19 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.19. Infosys had a return on equity of 31.60% and a net margin of 17.28%. During the same quarter in the prior year, the company earned $0.18 earnings per share. As a group, research analysts predict that Infosys Limited will post 0.74 EPS for the current fiscal 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.