As Infosys LTD (INFY) Valuation Rose, Oldfield Partners Llp Has Boosted Its Holding by $3.99 Million

June 21, 2018 - By Harriett Tippett

Infosys Limited (NYSE:INFY) Logo

Oldfield Partners Llp increased its stake in Infosys Ltd (INFY) by 6.9% based on its latest 2018Q1 regulatory filing with the SEC. Oldfield Partners Llp bought 234,500 shares as the company’s stock rose 3.62% while stock markets declined. The institutional investor held 3.63 million shares of the edp services company at the end of 2018Q1, valued at $64.82 million, up from 3.40M at the end of the previous reported quarter. Oldfield Partners Llp who had been investing in Infosys Ltd for a number of months, seems to be bullish on the $40.36 billion market cap company. The stock decreased 0.22% or $0.04 during the last trading session, reaching $18.16. About 3.68M shares traded. Infosys Limited (NYSE:INFY) has risen 18.12% since June 21, 2017 and is uptrending. It has outperformed by 5.55% the S&P500.

Another recent and important Infosys Limited (NYSE:INFY) news was published by Prnewswire.com which published an article titled: “Infosys Expands Footprint in France by Establishing State-of-the-Art Digital Center of Excellence in Marseille” on June 19, 2018.

Infosys Limited (NYSE:INFY) Ratings Coverage

Among 8 analysts covering Infosys Limited (NYSE:INFY), 2 have Buy rating, 2 Sell and 4 Hold. Therefore 25% are positive. Infosys Limited has $20.3000 highest and $1400 lowest target. $16.61’s average target is -8.54% below currents $18.16 stock price. Infosys Limited had 10 analyst reports since January 4, 2018 according to SRatingsIntel. Jefferies maintained Infosys Limited (NYSE:INFY) on Monday, April 16 with “Buy” rating. The rating was upgraded by Goldman Sachs on Monday, February 5 to “Buy”. The stock of Infosys Limited (NYSE:INFY) has “Hold” rating given on Thursday, January 4 by Robert W. Baird. Robert W. Baird maintained Infosys Limited (NYSE:INFY) on Tuesday, April 3 with “Hold” rating. Stifel Nicolaus maintained the stock with “Hold” rating in Friday, April 13 report. The stock has “Negative” rating by Susquehanna on Monday, February 5. The stock of Infosys Limited (NYSE:INFY) has “Hold” rating given on Monday, January 15 by Cowen & Co. Susquehanna maintained it with “Sell” rating and $1400 target in Monday, April 16 report. The firm earned “Hold” rating on Friday, January 12 by BMO Capital Markets.

Infosys Limited (NYSE:INFY) Ratings Chart

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