RWC Asset Management LLP Has $26.98 Million Position in Infosys Limited (NYSE:INFY)

RWC Asset Management LLP reduced its stake in shares of Infosys Limited (NYSE:INFY) by 5.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,467,761 shares of the technology company’s stock after selling 83,087 shares during the quarter. Infosys makes up approximately 1.6% of RWC Asset Management LLP’s portfolio, making the stock its 21st largest position. RWC Asset Management LLP’s holdings in Infosys were worth $26,977,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC acquired a new stake in Infosys in the fourth quarter valued at approximately $36,000. JFS Wealth Advisors LLC lifted its stake in Infosys by 88.3% in the third quarter. JFS Wealth Advisors LLC now owns 2,945 shares of the technology company’s stock valued at $50,000 after acquiring an additional 1,381 shares during the last quarter. Planned Solutions Inc. acquired a new stake in Infosys in the fourth quarter valued at approximately $50,000. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in Infosys in the third quarter valued at approximately $85,000. Finally, Blue Trust Inc. lifted its stake in shares of Infosys by 61.8% in the fourth quarter. Blue Trust Inc. now owns 9,443 shares of the technology company’s stock worth $161,000 after buying an additional 3,606 shares during the last quarter. 10.89% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Wedbush restated an “outperform” rating and issued a $22.00 price objective on shares of Infosys in a research note on Wednesday, March 13th. Guggenheim assumed coverage on shares of Infosys in a research note on Tuesday, March 19th. They issued a “neutral” rating and a $20.00 price objective for the company. HSBC restated a “hold” rating and issued a $20.10 price objective on shares of Infosys in a research note on Friday, April 19th. JPMorgan Chase & Co. upgraded shares of Infosys from a “neutral” rating to an “overweight” rating in a research note on Wednesday, January 3rd. Finally, StockNews.com lowered shares of Infosys from a “buy” rating to a “hold” rating in a research report on Tuesday, March 19th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, Infosys presently has an average rating of “Hold” and a consensus target price of $19.27.

Infosys Trading Down 0.4 %

Shares of Infosys stock traded down $0.07 during mid-day trading on Friday, reaching $16.94. 8,845,064 shares of the stock were exchanged, compared to its average volume of 12,953,776. The company has a market cap of $70.12 billion, a price-to-earnings ratio of 22.29, a price-to-earnings-growth ratio of 2.27 and a beta of 0.93. The firm has a 50-day simple moving average of $18.49 and a 200 day simple moving average of $18.32. Infosys Limited has a fifty-two week low of $14.98 and a fifty-two week high of $20.74.

Infosys (NYSE:INFY) last announced its earnings results on Thursday, April 18th. The technology company reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.17 by $0.06. The business had revenue of $4.56 billion during the quarter, compared to analysts’ expectations of $4.49 billion. Infosys had a net margin of 17.06% and a return on equity of 32.33%. During the same quarter last year, the company posted $0.18 EPS. On average, research analysts predict that Infosys Limited will post 0.75 EPS for the current fiscal year.

Infosys Company Profile

Infosys Limited, together with its subsidiaries, provides consulting, technology, outsourcing, and next-generation digital services in North America, Europe, India, and internationally. It provides digital marketing and digital workplace, digital commerce, digital experience and interactions, metaverse, data analytics and AI, applied AI, generative AI, sustainability, blockchain, engineering, Internet of Things, enterprise agile DevOps, application modernization, cloud, digital process automation, digital supply chain, Microsoft business application and cloud business, service experience transformation, energy transition, cyber security, and quality engineering solutions; Oracle, SAP, and Saleforce solutions; API economy and microservices; and Topaz, an AI-first set of services, solutions, and platforms using generative AI technologies.