Infosys Ltd (INFY) Holding Boosted by Guggenheim Capital LLC

Infosys Ltd (INFY) Holding Boosted by Guggenheim Capital LLC

Guggenheim Capital LLC raised its stake in Infosys Ltd (NYSE:INFY) by 12.2% during the fourth quarter, Holdings Channel reports. The fund owned 264,288 shares of the company’s stock after buying an additional 28,796 shares during the period. Guggenheim Capital LLC’s holdings in Infosys were worth $3,919,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in INFY. Comgest Global Investors S.A.S. raised its position in shares of Infosys by 11.4% in the fourth quarter. Comgest Global Investors S.A.S. now owns 35,854,909 shares of the company’s stock valued at $531,728,000 after buying an additional 3,677,960 shares during the period. Fisher Asset Management LLC raised its position in shares of Infosys by 2.6% in the third quarter. Fisher Asset Management LLC now owns 24,292,422 shares of the company’s stock valued at $383,334,000 after buying an additional 624,769 shares during the period. Nordea Investment Management AB raised its position in shares of Infosys by 19.0% in the third quarter. Nordea Investment Management AB now owns 22,531,592 shares of the company’s stock valued at $355,549,000 after buying an additional 3,595,433 shares during the period. UBS Asset Management Americas Inc. raised its position in shares of Infosys by 6.9% in the third quarter. UBS Asset Management Americas Inc. now owns 13,348,690 shares of the company’s stock valued at $210,643,000 after buying an additional 862,201 shares during the period. Finally, BlackRock Group LTD raised its position in shares of Infosys by 3.1% in the third quarter. BlackRock Group LTD now owns 7,666,261 shares of the company’s stock valued at $120,974,000 after buying an additional 232,023 shares during the period. Institutional investors own 17.71% of the company’s stock.

Infosys Ltd (NYSE:INFY) opened at 15.51 on Tuesday. The firm has a 50-day moving average price of $14.82 and a 200 day moving average price of $15.09. Infosys Ltd has a 1-year low of $13.42 and a 1-year high of $20.47. The firm has a market cap of $35.45 billion, a price-to-earnings ratio of 16.64 and a beta of 0.90.

INFY has been the topic of several research reports. Bank of America Corp lowered Infosys from a “buy” rating to a “neutral” rating in a research note on Thursday, December 1st. Zacks Investment Research lowered Infosys from a “hold” rating to a “sell” rating in a research note on Monday, December 5th. CLSA lowered Infosys from an “outperform” rating to an “underperform” rating in a research note on Friday, January 6th. Finally, Goldman Sachs Group Inc initiated coverage on Infosys in a research note on Friday, March 3rd. They set a “sell” rating on the stock. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $17.36.

About Infosys

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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