Sei Investments Co. Acquires 721,947 Shares of Infosys Limited (NYSE:INFY)

Sei Investments Co. boosted its holdings in shares of Infosys Limited (NYSE:INFY) by 94.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,482,644 shares of the technology company’s stock after acquiring an additional 721,947 shares during the quarter. Sei Investments Co.’s holdings in Infosys were worth $32,499,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the business. Sierra Ocean LLC acquired a new stake in Infosys in the fourth quarter valued at $29,000. Brooklyn Investment Group acquired a new stake in shares of Infosys in the fourth quarter valued at about $52,000. Wilmington Savings Fund Society FSB bought a new position in shares of Infosys during the third quarter worth about $57,000. Farther Finance Advisors LLC lifted its stake in shares of Infosys by 69.7% in the fourth quarter. Farther Finance Advisors LLC now owns 3,115 shares of the technology company’s stock worth $68,000 after acquiring an additional 1,279 shares during the period. Finally, GAMMA Investing LLC boosted its holdings in Infosys by 14.2% in the fourth quarter. GAMMA Investing LLC now owns 4,496 shares of the technology company’s stock valued at $99,000 after acquiring an additional 560 shares during the last quarter. Institutional investors own 16.20% of the company’s stock.

Analysts Set New Price Targets

INFY has been the subject of several analyst reports. Guggenheim restated a “neutral” rating on shares of Infosys in a report on Friday, January 17th. Hsbc Global Res raised shares of Infosys from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 9th. CLSA raised shares of Infosys from a “hold” rating to an “outperform” rating in a research report on Friday, March 7th. StockNews.com lowered Infosys from a “buy” rating to a “hold” rating in a research report on Thursday, March 20th. Finally, HSBC upgraded Infosys from a “hold” rating to a “buy” rating in a research report on Monday, December 9th. Two analysts have rated the stock with a sell rating, four have given a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $19.70.

Infosys Price Performance

INFY stock opened at $18.86 on Wednesday. The company’s 50-day moving average is $20.66 and its 200-day moving average is $21.84. The stock has a market capitalization of $78.12 billion, a PE ratio of 23.87, a price-to-earnings-growth ratio of 3.50 and a beta of 1.01. Infosys Limited has a 1 year low of $16.04 and a 1 year high of $23.81.

Infosys (NYSE:INFY) last announced its quarterly earnings data on Thursday, January 16th. The technology company reported $0.19 EPS for the quarter, meeting analysts’ consensus estimates of $0.19. Infosys had a return on equity of 31.60% and a net margin of 17.28%. During the same period in the previous year, the firm earned $0.18 earnings per share. On average, analysts anticipate that Infosys Limited will post 0.74 earnings per share 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.