JPMorgan Chase & Co. Has $446.87 Million Position in Infosys (INFY)

JPMorgan Chase & Co. increased its position in shares of Infosys (NYSE:INFY) by 0.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 25,034,961 shares of the technology company’s stock after buying an additional 195,385 shares during the period. JPMorgan Chase & Co. owned about 1.15% of Infosys worth $446,874,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Edge Advisors LLC increased its stake in Infosys by 68.3% during the 4th quarter. Edge Advisors LLC now owns 7,394 shares of the technology company’s stock worth $119,000 after buying an additional 3,000 shares during the period. Wetherby Asset Management Inc. increased its stake in Infosys by 7.1% during the 1st quarter. Wetherby Asset Management Inc. now owns 46,939 shares of the technology company’s stock worth $837,000 after buying an additional 3,125 shares during the period. Equity Investment Corp increased its stake in Infosys by 11.9% during the 1st quarter. Equity Investment Corp now owns 32,435 shares of the technology company’s stock worth $579,000 after buying an additional 3,440 shares during the period. Signaturefd LLC increased its stake in Infosys by 28.7% during the 4th quarter. Signaturefd LLC now owns 16,357 shares of the technology company’s stock worth $265,000 after buying an additional 3,652 shares during the period. Finally, Forward Management LLC increased its stake in Infosys by 1.3% during the 1st quarter. Forward Management LLC now owns 289,075 shares of the technology company’s stock worth $5,160,000 after buying an additional 3,661 shares during the period. 19.54% of the stock is currently owned by hedge funds and other institutional investors.

NYSE INFY opened at $18.32 on Friday. Infosys has a one year low of $13.88 and a one year high of $18.71. The stock has a market capitalization of $39.64 billion, a PE ratio of 18.24, a price-to-earnings-growth ratio of 1.90 and a beta of 0.62.

Infosys (NYSE:INFY) last posted its quarterly earnings results on Friday, April 13th. The technology company reported $0.26 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.25 by $0.01. Infosys had a net margin of 22.73% and a return on equity of 21.93%. The business had revenue of $2.81 billion during the quarter, compared to analyst estimates of $2.77 billion. During the same period in the previous year, the business posted $0.24 EPS. analysts anticipate that Infosys will post 1.05 earnings per share for the current fiscal year.

Several research analysts have weighed in on the stock. ValuEngine lowered shares of Infosys from a “buy” rating to a “hold” rating in a report on Thursday, May 17th. William Blair reissued an “underperform” rating on shares of Infosys in a report on Friday, April 13th. Jefferies Group reissued a “buy” rating and set a $20.30 price objective on shares of Infosys in a report on Sunday, April 15th. Stifel Nicolaus reissued a “hold” rating and set a $16.00 price objective on shares of Infosys in a report on Friday, April 13th. Finally, BMO Capital Markets reissued a “hold” rating and set a $18.00 price objective on shares of Infosys in a report on Wednesday, April 11th. Four equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the stock. Infosys presently has an average rating of “Hold” and an average price target of $16.35.

Infosys Company Profile

Infosys Limited, together with its subsidiaries, provides consulting, technology, and outsourcing services in North America, Europe, India, and internationally. It provides business information technology services, including application development and maintenance, independent validation, infrastructure management, and business process management services, as well as engineering services, such as engineering and life cycle solutions; and consulting and systems integration services comprising consulting, enterprise solutions, systems integration, and advanced technologies.

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Institutional Ownership by Quarter for Infosys (NYSE:INFY)

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