Brown Brothers Harriman & Co. cut its position in shares of Infosys Limited (NYSE:INFY – Free Report) by 24.0% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 13,668 shares of the technology company’s stock after selling 4,319 shares during the period. Brown Brothers Harriman & Co.’s holdings in Infosys were worth $254,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds have also made changes to their positions in the company. Oppenheimer Asset Management Inc. boosted its position in Infosys by 44.7% during the second quarter. Oppenheimer Asset Management Inc. now owns 441,963 shares of the technology company’s stock valued at $8,229,000 after purchasing an additional 136,628 shares in the last quarter. Westover Capital Advisors LLC acquired a new stake in shares of Infosys during the second quarter worth about $220,000. Federated Hermes Inc. boosted its holdings in shares of Infosys by 24.7% in the 2nd quarter. Federated Hermes Inc. now owns 467,207 shares of the technology company’s stock valued at $8,699,000 after acquiring an additional 92,458 shares during the last quarter. DekaBank Deutsche Girozentrale grew its position in Infosys by 6.1% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 1,119,802 shares of the technology company’s stock worth $20,823,000 after purchasing an additional 64,000 shares during the period. Finally, D Orazio & Associates Inc. grew its holdings in Infosys by 4.1% during the second quarter. D Orazio & Associates Inc. now owns 14,724 shares of the technology company’s stock worth $274,000 after acquiring an additional 584 shares during the period. 10.89% of the stock is currently owned by hedge funds and other institutional investors.
Infosys Stock Performance
INFY opened at $22.48 on Thursday. The firm has a 50 day moving average price of $22.12 and a 200 day moving average price of $19.36. Infosys Limited has a 1 year low of $16.04 and a 1 year high of $23.48. The company has a market cap of $93.07 billion, a PE ratio of 29.58, a price-to-earnings-growth ratio of 3.63 and a beta of 0.99.
Analyst Ratings Changes
INFY has been the subject of several research analyst reports. Erste Group Bank raised Infosys from a “hold” rating to a “buy” rating in a research note on Wednesday, September 11th. StockNews.com upgraded Infosys from a “hold” rating to a “buy” rating in a report on Friday, September 13th. Finally, Macquarie upgraded Infosys from an “underperform” rating to a “neutral” rating in a research note on Friday, July 19th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, Infosys presently has an average rating of “Moderate Buy” and a consensus price target of $19.27.
Read Our Latest Report on Infosys
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.
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