5 Stocks Under $30 to Invest in According to Bruce Kovner’s Caxton Associates

4. Infosys Limited (NYSE:INFY)

Caxton Associate’s Stake Value: $1.4 million

Percentage of Caxton Associates’s 13F Portfolio: 0.14%

Number of Hedge Fund Investors: 27

Stock Price as of May 17, 2022: $19.55

Infosys Limited (NYSE:INFY) is a digital services provider based in Bengaluru, India. The company provides banking, artificial intelligence, learning, mortgage services, and other solutions and platforms.

For its fiscal Q4, Infosys Limited (NYSE:INFY) posted $4.3 billion in revenue and $0.18 in GAAP EPS, beating analyst revenue estimates but missing them for EPS. BMO Capital reduced its price target to $25 from $28 in April 2022, outlining that the firm’s disappointing margins influenced the decision.

Caxton Associates owned 57,286 Infosys Limited (NYSE:INFY) shares for its Q4 2021 investment portfolio. These were worth $1.4 million and they represented 0.14% of the firm’s investments. Insider Monkey’s 924 hedge fund survey for 2021’s final quarter showed that 27 had also invested in the company.

Infosys Limited (NYSE:INFY)’s largest investor is Rajiv Jain’s GQG Partners which owns 65 million shares that are worth $1.6 billion.