Choreo LLC Purchases New Shares in Infosys Limited (NYSE:INFY)

Choreo LLC acquired a new position in shares of Infosys Limited (NYSE:INFY) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 16,195 shares of the technology company’s stock, valued at approximately $303,000.

A number of other institutional investors also recently bought and sold shares of the business. Acadian Asset Management LLC grew its holdings in shares of Infosys by 106.1% during the first quarter. Acadian Asset Management LLC now owns 4,839,764 shares of the technology company’s stock worth $86,764,000 after buying an additional 2,491,403 shares during the last quarter. Wellington Management Group LLP grew its stake in shares of Infosys by 539.8% in the 4th quarter. Wellington Management Group LLP now owns 2,010,636 shares of the technology company’s stock valued at $36,955,000 after purchasing an additional 1,696,378 shares during the last quarter. Daiwa Securities Group Inc. increased its holdings in shares of Infosys by 76.1% in the first quarter. Daiwa Securities Group Inc. now owns 3,585,850 shares of the technology company’s stock valued at $64,294,000 after purchasing an additional 1,549,650 shares during the period. BNP Paribas Financial Markets lifted its holdings in shares of Infosys by 49.3% during the first quarter. BNP Paribas Financial Markets now owns 3,741,065 shares of the technology company’s stock worth $67,077,000 after purchasing an additional 1,235,140 shares during the period. Finally, Franklin Resources Inc. grew its position in Infosys by 20.7% in the 4th quarter. Franklin Resources Inc. now owns 6,719,669 shares of the technology company’s stock valued at $123,508,000 after buying an additional 1,150,885 shares during the last quarter. 10.89% of the stock is currently owned by institutional investors and hedge funds.

Infosys Stock Down 0.9 %

INFY opened at $22.97 on Wednesday. The firm has a market cap of $95.09 billion, a P/E ratio of 30.22, a PEG ratio of 3.63 and a beta of 0.99. The business’s fifty day simple moving average is $22.06 and its 200 day simple moving average is $19.34. Infosys Limited has a 52 week low of $16.04 and a 52 week high of $23.48.

Infosys (NYSE:INFY) last issued its quarterly earnings results on Thursday, July 18th. The technology company reported $0.18 EPS for the quarter, hitting analysts’ consensus estimates of $0.18. The business had revenue of $4.71 billion during the quarter, compared to the consensus estimate of $4.67 billion. Infosys had a net margin of 17.18% and a return on equity of 32.01%. During the same period in the previous year, the firm posted $0.17 earnings per share. As a group, equities analysts expect that Infosys Limited will post 0.75 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Macquarie upgraded shares of Infosys from an “underperform” rating to a “neutral” rating in a research report on Friday, July 19th. Erste Group Bank raised Infosys from a “hold” rating to a “buy” rating in a research note on Wednesday, September 11th. Finally, StockNews.com upgraded shares of Infosys from a “hold” rating to a “buy” rating in a research note on Friday, September 13th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $19.27.

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.