Mondrian Investment Partners LTD increased its position in Infosys Limited (NYSE:INFY) by 31.2% during the second quarter, Holdings Channel reports. The fund owned 5,251,001 shares of the technology company’s stock after buying an additional 1,247,366 shares during the period. Infosys Limited comprises about 2.3% of Mondrian Investment Partners LTD’s portfolio, making the stock its 13th largest position. Mondrian Investment Partners LTD’s holdings in Infosys Limited were worth $78,870,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Russell Investments Group Ltd. boosted its position in shares of Infosys Limited by 31.7% in the first quarter. Russell Investments Group Ltd. now owns 4,425,299 shares of the technology company’s stock worth $69,933,000 after buying an additional 1,066,043 shares during the last quarter. State of New Jersey Common Pension Fund D boosted its position in shares of Infosys Limited by 1.7% in the first quarter. State of New Jersey Common Pension Fund D now owns 1,317,278 shares of the technology company’s stock worth $20,813,000 after buying an additional 22,304 shares during the last quarter. Sumitomo Life Insurance Co. boosted its position in shares of Infosys Limited by 11.5% in the first quarter. Sumitomo Life Insurance Co. now owns 14,540 shares of the technology company’s stock worth $230,000 after buying an additional 1,500 shares during the last quarter. First Mercantile Trust Co. boosted its position in shares of Infosys Limited by 58.4% in the first quarter. First Mercantile Trust Co. now owns 51,150 shares of the technology company’s stock worth $808,000 after buying an additional 18,850 shares during the last quarter. Finally, Acadian Asset Management LLC boosted its position in shares of Infosys Limited by 69.1% in the first quarter. Acadian Asset Management LLC now owns 4,474,722 shares of the technology company’s stock worth $70,701,000 after buying an additional 1,828,502 shares during the last quarter. Institutional investors and hedge funds own 20.77% of the company’s stock.

Infosys Limited (INFY) opened at 15.32 on Friday. The stock’s 50 day moving average price is $15.41 and its 200-day moving average price is $15.07. The stock has a market cap of $35.02 billion, a P/E ratio of 16.14 and a beta of 0.79. Infosys Limited has a one year low of $13.42 and a one year high of $16.71.

Infosys Limited (NYSE:INFY) last released its quarterly earnings data on Friday, July 14th. The technology company reported $0.24 EPS for the quarter, beating the Zacks’ consensus estimate of $0.23 by $0.01. Infosys Limited had a net margin of 20.95% and a return on equity of 21.37%. The business had revenue of $170.78 billion during the quarter, compared to analysts’ expectations of $170.51 billion. During the same quarter in the prior year, the company earned $0.22 EPS. The firm’s quarterly revenue was up 1.8% on a year-over-year basis. On average, analysts predict that Infosys Limited will post $0.98 earnings per share for the current year.

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A number of equities analysts recently issued reports on the company. BidaskClub cut Infosys Limited from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Zacks Investment Research upgraded Infosys Limited from a “sell” rating to a “hold” rating and set a $18.00 target price on the stock in a report on Monday, July 17th. Cantor Fitzgerald restated a “hold” rating and issued a $15.00 target price on shares of Infosys Limited in a report on Friday, July 14th. HSBC Holdings plc upgraded Infosys Limited from a “hold” rating to a “buy” rating in a report on Thursday, June 8th. Finally, Goldman Sachs Group, Inc. (The) restated a “sell” rating on shares of Infosys Limited in a report on Friday, June 9th. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $16.08.

Infosys Limited Company Profile

Infosys Limited is engaged in consulting, technology, outsourcing and next-generation services. The Company, along with its subsidiaries, provides business information technology services comprising application development and maintenance, independent validation, infrastructure management, engineering services comprising product engineering and life cycle solutions and business process management; consulting and systems integration services comprising consulting, enterprise solutions, systems integration and advanced technologies; products, business platforms and solutions to accelerate intellectual property-led innovation, including Finacle, its banking solution, and offerings in the areas of Analytics, Cloud and Digital Transformation.

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Institutional Ownership by Quarter for Infosys Limited (NYSE:INFY)

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