Infosys Limited (NYSE:INFY) Shares Purchased by Causeway Capital Management LLC

Causeway Capital Management LLC grew its stake in shares of Infosys Limited (NYSE:INFY) by 1.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 546,743 shares of the technology company’s stock after acquiring an additional 8,907 shares during the quarter. Causeway Capital Management LLC’s holdings in Infosys were worth $11,985,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. XTX Topco Ltd acquired a new position in Infosys during the fourth quarter worth approximately $654,000. Mariner LLC increased its position in shares of Infosys by 5.8% in the fourth quarter. Mariner LLC now owns 83,374 shares of the technology company’s stock worth $1,828,000 after acquiring an additional 4,574 shares in the last quarter. Synovus Financial Corp raised its position in Infosys by 1.5% in the fourth quarter. Synovus Financial Corp now owns 137,022 shares of the technology company’s stock valued at $3,004,000 after purchasing an additional 2,070 shares during the period. Townsquare Capital LLC lifted its position in Infosys by 128.5% during the 4th quarter. Townsquare Capital LLC now owns 44,320 shares of the technology company’s stock worth $971,000 after acquiring an additional 24,926 shares in the last quarter. Finally, Qtron Investments LLC lifted its holdings in Infosys by 7.2% in the 4th quarter. Qtron Investments LLC now owns 63,999 shares of the technology company’s stock worth $1,403,000 after buying an additional 4,311 shares in the last quarter. 16.20% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

INFY has been the subject of a number of recent analyst reports. CLSA upgraded Infosys from a “hold” rating to an “outperform” rating in a research note on Friday, March 7th. StockNews.com upgraded shares of Infosys from a “hold” rating to a “buy” rating in a research note on Monday, April 7th. Finally, Guggenheim reissued a “neutral” rating on shares of Infosys in a report on Friday, January 17th. Two research analysts have rated the stock with a sell rating, three have given a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Infosys currently has a consensus rating of “Hold” and an average target price of $19.70.

Infosys Price Performance

Shares of INFY opened at $16.86 on Monday. Infosys Limited has a 12-month low of $16.04 and a 12-month high of $23.63. The business’s fifty day moving average price is $19.40 and its 200 day moving average price is $21.29. The stock has a market capitalization of $69.81 billion, a PE ratio of 21.34, a price-to-earnings-growth ratio of 3.50 and a beta of 0.97.

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

Infosys Company 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.