Fox Run Management L.L.C. Has $717,000 Stock Position in Infosys Limited (NYSE:INFY)

Fox Run Management L.L.C. raised its stake in Infosys Limited (NYSE:INFY) by 26.8% in the 4th quarter, HoldingsChannel reports. The fund owned 32,730 shares of the technology company’s stock after buying an additional 6,927 shares during the quarter. Fox Run Management L.L.C.’s holdings in Infosys were worth $717,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. Sierra Ocean LLC acquired a new stake in shares of Infosys in the fourth quarter valued at approximately $29,000. Brooklyn Investment Group bought a new position in Infosys in the 4th quarter valued at $52,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Infosys in the 3rd quarter valued at $57,000. Farther Finance Advisors LLC raised its position in shares of Infosys by 69.7% during the fourth quarter. Farther Finance Advisors LLC now owns 3,115 shares of the technology company’s stock worth $68,000 after acquiring an additional 1,279 shares during the last quarter. Finally, GAMMA Investing LLC lifted its stake in shares of Infosys by 14.2% during the fourth quarter. GAMMA Investing LLC now owns 4,496 shares of the technology company’s stock valued at $99,000 after acquiring an additional 560 shares during the period. 16.20% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

Infosys Trading Up 1.5 %

Shares of INFY opened at $18.34 on Monday. Infosys Limited has a 1 year low of $16.04 and a 1 year high of $23.81. The stock has a market cap of $75.96 billion, a P/E ratio of 23.21, a price-to-earnings-growth ratio of 3.50 and a beta of 1.01. The stock’s 50-day moving average price is $20.81 and its two-hundred day moving average price is $21.89.

Infosys (NYSE:INFY) last issued its 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 return on equity of 31.60% and a net margin of 17.28%. During the same quarter in the previous year, the company earned $0.18 EPS. As a group, equities analysts forecast that Infosys Limited will post 0.74 EPS for the current 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.