Grantham Mayo Van Otterloo & Co. LLC Buys 87,115 Shares of Infosys Limited (NYSE:INFY)

Grantham Mayo Van Otterloo & Co. LLC boosted its position in Infosys Limited (NYSE:INFY) by 69.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 212,233 shares of the technology company’s stock after buying an additional 87,115 shares during the period. Grantham Mayo Van Otterloo & Co. LLC’s holdings in Infosys were worth $4,652,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in INFY. Ovata Capital Management Ltd raised its holdings in shares of Infosys by 1.5% in the 4th quarter. Ovata Capital Management Ltd now owns 599,039 shares of the technology company’s stock worth $13,131,000 after acquiring an additional 8,975 shares during the last quarter. Integrated Quantitative Investments LLC bought a new stake in Infosys during the 4th quarter worth approximately $2,416,000. Massachusetts Financial Services Co. MA increased its holdings in Infosys by 4.7% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,725,418 shares of the technology company’s stock worth $37,821,000 after purchasing an additional 77,426 shares in the last quarter. National Bank of Canada FI raised its stake in shares of Infosys by 7.7% in the fourth quarter. National Bank of Canada FI now owns 62,851 shares of the technology company’s stock worth $1,378,000 after purchasing an additional 4,502 shares during the last quarter. Finally, Franklin Resources Inc. lifted its holdings in shares of Infosys by 2.0% in the fourth quarter. Franklin Resources Inc. now owns 11,501,533 shares of the technology company’s stock valued at $252,114,000 after purchasing an additional 229,482 shares in the last quarter. 16.20% of the stock is owned by institutional investors and hedge funds.

Infosys Price Performance

Shares of Infosys stock opened at $16.58 on Monday. Infosys Limited has a 1 year low of $16.04 and a 1 year high of $23.63. The firm has a market cap of $68.66 billion, a PE ratio of 20.98, a PEG ratio of 3.50 and a beta of 0.97. The company has a 50 day simple moving average of $20.08 and a two-hundred day simple moving average of $21.56.

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

Wall Street Analyst Weigh In

Several brokerages have recently commented on INFY. Hsbc Global Res upgraded shares of Infosys from a “hold” rating to a “strong-buy” rating in a report on Monday, December 9th. HSBC upgraded shares of Infosys from a “hold” rating to a “buy” rating in a research note on Monday, December 9th. StockNews.com downgraded Infosys from a “buy” rating to a “hold” rating in a research note on Thursday, March 20th. CLSA raised Infosys from a “hold” rating to an “outperform” rating in a research report on Friday, March 7th. Finally, Guggenheim reissued a “neutral” rating on shares of Infosys in a research report on Friday, January 17th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $19.70.

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.