Massachusetts Financial Services Co. MA Has $37.82 Million Stock Holdings in Infosys Limited (NYSE:INFY)

Massachusetts Financial Services Co. MA grew its stake in shares of Infosys Limited (NYSE:INFY) by 4.7% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,725,418 shares of the technology company’s stock after purchasing an additional 77,426 shares during the quarter. Massachusetts Financial Services Co. MA’s holdings in Infosys were worth $37,821,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in INFY. Sierra Ocean LLC bought a new stake in Infosys during the fourth quarter worth $29,000. Brooklyn Investment Group bought a new stake in shares of Infosys in the 4th quarter valued at about $52,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Infosys in the 3rd quarter valued at about $57,000. Farther Finance Advisors LLC lifted its stake in Infosys by 69.7% in the 4th quarter. Farther Finance Advisors LLC now owns 3,115 shares of the technology company’s stock valued at $68,000 after purchasing an additional 1,279 shares during the last quarter. Finally, GAMMA Investing LLC increased its position in Infosys by 14.2% during the fourth quarter. GAMMA Investing LLC now owns 4,496 shares of the technology company’s stock worth $99,000 after buying an additional 560 shares during the last quarter. Institutional investors own 16.20% of the company’s stock.

Infosys Stock Performance

Shares of NYSE:INFY opened at $16.58 on Friday. The company has a market capitalization of $68.66 billion, a PE ratio of 20.98, a price-to-earnings-growth 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 company has a fifty day moving average of $20.08 and a 200-day moving average of $21.57.

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

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on INFY shares. Hsbc Global Res raised Infosys from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 9th. HSBC upgraded shares of Infosys from a “hold” rating to a “buy” rating in a research report on Monday, December 9th. CLSA raised shares of Infosys from a “hold” rating to an “outperform” rating in a research report on Friday, March 7th. Guggenheim reiterated a “neutral” rating on shares of Infosys in a research note on Friday, January 17th. Finally, StockNews.com cut shares of Infosys from a “buy” rating to a “hold” rating in a research report on Thursday, March 20th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Infosys currently has a consensus rating of “Hold” and a consensus target price of $19.70.

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.