Jefferies Group LLC Has $3.28 Million Stake in Infosys Ltd (NYSE:INFY)

Jefferies Group LLC lifted its stake in shares of Infosys Ltd (NYSE:INFY) by 104.5% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 306,715 shares of the technology company’s stock after buying an additional 156,710 shares during the quarter. Jefferies Group LLC’s holdings in Infosys were worth $3,282,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. FMR LLC grew its position in Infosys by 46,711,314.8% in the 1st quarter. FMR LLC now owns 25,224,164 shares of the technology company’s stock valued at $275,699,000 after purchasing an additional 25,224,110 shares during the period. Lazard Asset Management LLC grew its position in Infosys by 32.0% in the 1st quarter. Lazard Asset Management LLC now owns 37,840,845 shares of the technology company’s stock valued at $413,599,000 after purchasing an additional 9,169,543 shares during the period. FIL Ltd grew its position in Infosys by 77.4% in the 1st quarter. FIL Ltd now owns 19,335,219 shares of the technology company’s stock valued at $211,333,000 after purchasing an additional 8,433,557 shares during the period. Morgan Stanley grew its position in Infosys by 306.7% in the 2nd quarter. Morgan Stanley now owns 7,420,576 shares of the technology company’s stock valued at $79,400,000 after purchasing an additional 5,596,131 shares during the period. Finally, NINE MASTS CAPITAL Ltd grew its position in Infosys by 17,992.1% in the 2nd quarter. NINE MASTS CAPITAL Ltd now owns 5,273,294 shares of the technology company’s stock valued at $56,424,000 after purchasing an additional 5,244,147 shares during the period. 18.04% of the stock is owned by institutional investors.

NYSE:INFY traded down $0.11 during trading hours on Friday, hitting $11.49. 174,770 shares of the company traded hands, compared to its average volume of 9,021,246. The firm’s 50-day simple moving average is $11.34 and its 200-day simple moving average is $10.88. Infosys Ltd has a one year low of $8.85 and a one year high of $12.08. The company has a market cap of $49.85 billion, a PE ratio of 21.28, a PEG ratio of 2.24 and a beta of 0.50.

Infosys (NYSE:INFY) last issued its quarterly earnings data on Friday, July 12th. The technology company reported $0.13 earnings per share for the quarter, meeting the consensus estimate of $0.13. Infosys had a return on equity of 25.55% and a net margin of 18.26%. The business had revenue of $218.03 billion for the quarter, compared to analysts’ expectations of $216.51 billion. During the same period last year, the business earned $0.13 EPS. The business’s revenue was up 14.0% on a year-over-year basis. On average, analysts forecast that Infosys Ltd will post 0.55 earnings per share for the current fiscal year.

Several analysts recently issued reports on the stock. Robert W. Baird set a $13.00 price target on shares of Infosys and gave the company a “hold” rating in a research report on Friday, September 6th. Nomura raised shares of Infosys from a “reduce” rating to a “neutral” rating in a research report on Monday, July 15th. Citigroup raised shares of Infosys from a “neutral” rating to a “buy” rating in a research report on Friday, July 12th. Wells Fargo & Co set a $12.00 price target on shares of Infosys and gave the company a “hold” rating in a research report on Friday, May 31st. Finally, BMO Capital Markets set a $13.00 price target on shares of Infosys and gave the company a “hold” rating in a research report on Monday, July 15th. Two analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and one has given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $11.29.

About Infosys

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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