WESPAC Advisors SoCal LLC continued to hold its position in Infosys Limited (NYSE:INFY) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 10,900 shares of the technology company’s stock at the end of the second quarter. WESPAC Advisors SoCal LLC’s holdings in Infosys Limited were worth $163,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. Mitsubishi UFJ Trust & Banking Corp raised its stake in shares of Infosys Limited by 67.8% in the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 424,295 shares of the technology company’s stock worth $6,373,000 after acquiring an additional 171,509 shares during the last quarter. Cambridge Investment Research Advisors Inc. bought a new position in shares of Infosys Limited in the first quarter worth about $480,000. Sprucegrove Investment Management Ltd. raised its stake in shares of Infosys Limited by 15.3% in the first quarter. Sprucegrove Investment Management Ltd. now owns 8,970,180 shares of the technology company’s stock worth $141,729,000 after acquiring an additional 1,189,000 shares during the last quarter. Credit Suisse AG raised its stake in shares of Infosys Limited by 26.9% in the first quarter. Credit Suisse AG now owns 4,156,373 shares of the technology company’s stock worth $65,672,000 after acquiring an additional 880,044 shares during the last quarter. Finally, Maple Brown Abbott Ltd raised its stake in shares of Infosys Limited by 183.6% in the first quarter. Maple Brown Abbott Ltd now owns 1,484,094 shares of the technology company’s stock worth $23,449,000 after acquiring an additional 960,723 shares during the last quarter. Hedge funds and other institutional investors own 19.86% of the company’s stock.

Infosys Limited (NYSE:INFY) traded down 0.717% during midday trading on Friday, hitting $14.535. 1,613,923 shares of the company were exchanged. The firm’s 50-day moving average price is $15.09 and its 200-day moving average price is $15.16. The stock has a market capitalization of $33.22 billion, a PE ratio of 15.316 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 issued its quarterly earnings data on Friday, July 14th. The technology company reported $0.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.01. The business had revenue of $170.78 billion during the quarter, compared to analyst estimates of $170.51 billion. Infosys Limited had a net margin of 20.95% and a return on equity of 21.37%. The firm’s quarterly revenue was up 1.8% on a year-over-year basis. During the same quarter last year, the business earned $0.22 EPS. Equities research analysts anticipate that Infosys Limited will post $0.99 earnings per share for the current year.

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A number of equities analysts have weighed in on the stock. Zacks Investment Research raised shares of Infosys Limited from a “hold” rating to a “buy” rating and set a $17.00 target price for the company in a research note on Tuesday. Cowen and Company set a $15.00 target price on shares of Infosys Limited and gave the stock a “hold” rating in a research note on Friday, August 18th. BidaskClub downgraded shares of Infosys Limited from a “hold” rating to a “sell” rating in a research note on Tuesday, September 12th. BMO Capital Markets reaffirmed a “hold” rating and issued a $16.00 target price on shares of Infosys Limited in a research note on Friday, August 18th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $15.50 target price on shares of Infosys Limited in a research note on Friday, August 18th. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have issued a buy rating to the company. Infosys Limited presently has an average rating of “Hold” and an average price target of $15.34.

Infosys Limited 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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