Daiwa Securities Group Inc. Has $125.95 Million Stake in Infosys Limited (NYSE:INFY)

Daiwa Securities Group Inc. reduced its position in shares of Infosys Limited (NYSE:INFY) by 1.8% during the 4th quarter, Holdings Channel.com reports. The firm owned 5,746,100 shares of the technology company’s stock after selling 106,800 shares during the period. Daiwa Securities Group Inc.’s holdings in Infosys were worth $125,954,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Assetmark Inc. raised its position in Infosys by 37.4% during the third quarter. Assetmark Inc. now owns 25,963 shares of the technology company’s stock valued at $578,000 after buying an additional 7,066 shares during the period. Crossmark Global Holdings Inc. increased its holdings in shares of Infosys by 41.1% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 223,907 shares of the technology company’s stock valued at $4,986,000 after purchasing an additional 65,189 shares during the period. State of New Jersey Common Pension Fund D lifted its position in shares of Infosys by 0.3% in the third quarter. State of New Jersey Common Pension Fund D now owns 3,309,869 shares of the technology company’s stock worth $73,711,000 after purchasing an additional 10,521 shares in the last quarter. Baillie Gifford & Co. boosted its holdings in shares of Infosys by 4.6% during the third quarter. Baillie Gifford & Co. now owns 3,089,058 shares of the technology company’s stock worth $68,793,000 after purchasing an additional 135,911 shares during the period. Finally, Victory Capital Management Inc. grew its position in Infosys by 6,071.1% during the third quarter. Victory Capital Management Inc. now owns 4,739,830 shares of the technology company’s stock valued at $105,556,000 after purchasing an additional 4,663,023 shares in the last quarter. Hedge funds and other institutional investors own 16.20% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on INFY. CLSA upgraded shares of Infosys from a “hold” rating to an “outperform” rating in a research report on Friday. StockNews.com raised Infosys from a “hold” rating to a “buy” rating in a research report on Wednesday, January 22nd. Guggenheim reaffirmed a “neutral” rating on shares of Infosys in a research report on Friday, January 17th. HSBC upgraded Infosys from a “hold” rating to a “buy” rating in a report on Monday, December 9th. Finally, Hsbc Global Res raised shares of Infosys from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 9th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $20.22.

Infosys Stock Performance

Shares of INFY stock opened at $19.84 on Monday. The company has a market capitalization of $82.17 billion, a price-to-earnings ratio of 25.11, a PEG ratio of 3.50 and a beta of 1.01. The stock’s 50 day simple moving average is $21.60 and its 200 day simple moving average is $22.20. Infosys Limited has a twelve month low of $16.04 and a twelve month high of $23.63.

Infosys (NYSE:INFY) last released its quarterly earnings results on Thursday, January 16th. The technology company reported $0.19 EPS for the quarter, meeting 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 last year, the business earned $0.18 EPS. On average, analysts forecast that Infosys Limited will post 0.74 EPS for the current fiscal 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.