Will iGATE’s Top Institutional Shareholders BUY After Earnings?

For the year-to-date, iGATE Corporation’s (NASDAQ:IGTE) shares are down 2.1 percent. The company announced its second quarter earnings jumped thanks to a revenue increase and the delisting of Patni Computer Systems Ltd.

IGate reported a $12.6 million profit, up from $4 million in the previous year. Earnings per share came in at $0.07 vs  last year’s $.02 loss. Revenue increased 57 percent to $268 million, slightly lower than analysts’ $269 million estimates.

With the positive earnings report, will iGATE Corporation’s largest shareholder increase its holdings? 1 institutional firms indicated owning shares of iGATE Corporation (NASDAQ:IGTE) in Q2 2012. These firms reported owning a total of 0 shares on 06/30/2012. The shares closed at $17.02 on 06/30/2012.

Here are the ten largest positions in iGATE Corporation at the end of June 30th, 2012.

Ifc Holdings Incorporated/FL held 0 shares on 06/30/2012 worth $0. This brought the portfolio total to %.

FMR LLC held 5,747,557 shares on 03/31/2012 worth $96,329,057. This brought the portfolio total to 0.02%.

Blue Harbour Group LP held 3,608,087 shares on 03/31/2012 worth $60,471,539. This brought the portfolio total to 9.05%.

Columbia Wanger Asset Management LLC held 3,545,000 shares on 03/31/2012 worth $59,414,201. This brought the portfolio total to 0.26%.

Wellington Management Co LLP held 2,993,975 shares on 03/31/2012 worth $50,179,022. This brought the portfolio total to 0.02%.

Waddell & Reed Financial Inc held 1,982,300 shares on 03/31/2012 worth $33,223,348. This brought the portfolio total to 0.08%.

Vanguard Group Inc held 1,715,128 shares on 03/31/2012 worth $28,745,546. This brought the portfolio total to 0.0%.

Blackrock Fund Advisors held 1,306,271 shares on 03/31/2012 worth $21,893,102. This brought the portfolio total to 0.01%.

Blackrock Institutional Trust Company N.A. held 838,442 shares on 03/31/2012 worth $14,052,288. This brought the portfolio total to 0.0%.

State Street Corp held 610,998 shares on 03/31/2012 worth $10,240,327. This brought the portfolio total to 0.0%.

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