Infosys LTD (INFY) Holder Oaktree Capital Management LP Raised Its Stake by $11.56 Million as Stock Value Rose

June 12, 2018 - By Kurt Siggers

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Howard Marks increased its stake in Infosys Ltd (INFY) by 23.73% based on its latest 2018Q1 regulatory filing with the SEC. Oaktree Capital Management Lp bought 680,153 shares as the company’s stock rose 3.62% while stock markets declined. The hedge fund run by Howard Marks held 3.55M shares of the edp services company at the end of 2018Q1, valued at $63.31M, up from 2.87 million at the end of the previous reported quarter. Oaktree Capital Management Lp who had been investing in Infosys Ltd for a number of months, seems to be bullish on the $41.49 billion market cap company. The stock increased 1.23% or $0.23 during the last trading session, reaching $18.98. About 1.70M shares traded. Infosys Limited (NYSE:INFY) has risen 18.12% since June 12, 2017 and is uptrending. It has outperformed by 5.55% the S&P500.

Oaktree Capital Management Lp, which manages about $6.30B US Long portfolio, decreased its stake in Ezcorp Inc (Prn) by 3.19 million shares to 14.52 million shares, valued at $15.33M in 2018Q1, according to the filing. It also reduced its holding in Ally Financial Inc (NYSE:ALLY) by 1.05 million shares in the quarter, leaving it with 8.71 million shares, and cut its stake in New York Mortgage Trust Inc (Prn).

Another recent and important Infosys Limited (NYSE:INFY) news was published by Globenewswire.com which published an article titled: “Research Report Identifies AC Immune SA, Vipshop, Infosys, STMicroelectronics NV, BRF SA, and National Steel with …” on June 08, 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 had 10 analyst reports since January 4, 2018 according to SRatingsIntel. The rating was maintained by Cowen & Co on Monday, January 15 with “Hold”. Jefferies maintained it with “Buy” rating and $20.3000 target in Monday, April 16 report. As per Monday, April 16, the company rating was maintained by Susquehanna. BMO Capital Markets maintained it with “Hold” rating and $18.0 target in Friday, January 12 report. The rating was maintained by Robert W. Baird with “Hold” on Tuesday, April 3. The company was downgraded on Monday, February 5 by Susquehanna. The firm earned “Hold” rating on Thursday, January 4 by Robert W. Baird. The stock of Infosys Limited (NYSE:INFY) earned “Hold” rating by Stifel Nicolaus on Friday, April 13. The stock has “Buy” rating by Goldman Sachs on Monday, February 5.

Infosys Limited (NYSE:INFY) Ratings Chart

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