CogentBlue Wealth Advisors LLC Buys Shares of 12,361 Infosys Limited (NYSE:INFY)

CogentBlue Wealth Advisors LLC acquired a new position in shares of Infosys Limited (NYSE:INFY - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 12,361 shares of the technology company's stock, valued at approximately $271,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in INFY. Creative Planning boosted its position in Infosys by 26.4% during the third quarter. Creative Planning now owns 400,866 shares of the technology company's stock worth $8,927,000 after purchasing an additional 83,648 shares during the period. Whittier Trust Co. boosted its position in shares of Infosys by 8.2% in the third quarter. Whittier Trust Co. now owns 22,397 shares of the technology company's stock valued at $499,000 after acquiring an additional 1,702 shares during the period. Whittier Trust Co. of Nevada Inc. boosted its position in shares of Infosys by 25.3% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 3,795 shares of the technology company's stock valued at $85,000 after acquiring an additional 766 shares during the period. Signaturefd LLC boosted its position in shares of Infosys by 2.5% in the third quarter. Signaturefd LLC now owns 87,484 shares of the technology company's stock valued at $1,948,000 after acquiring an additional 2,128 shares during the period. Finally, Waldron Private Wealth LLC boosted its position in shares of Infosys by 20.2% in the third quarter. Waldron Private Wealth LLC now owns 18,422 shares of the technology company's stock valued at $410,000 after acquiring an additional 3,093 shares during the period. 16.20% of the stock is owned by institutional investors.

Infosys Price Performance

INFY traded down $0.19 on Friday, hitting $21.17. 10,827,748 shares of the stock were exchanged, compared to its average volume of 9,811,374. Infosys Limited has a 12 month low of $16.04 and a 12 month high of $23.63. The business has a 50-day moving average of $22.18 and a two-hundred day moving average of $22.29. The firm has a market capitalization of $87.67 billion, a price-to-earnings ratio of 26.80, a PEG ratio of 3.48 and a beta of 1.00.

Infosys (NYSE:INFY - Get Free Report) last released its quarterly earnings data on Thursday, January 16th. The technology company reported $0.19 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.19. Infosys had a return on equity of 31.60% and a net margin of 17.28%. During the same period in the prior year, the company earned $0.18 earnings per share. Equities research analysts expect that Infosys Limited will post 0.74 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently issued reports on INFY. Guggenheim reissued a "neutral" rating on shares of Infosys in a research report on Friday, January 17th. StockNews.com raised shares of Infosys from a "hold" rating to a "buy" rating in a research report on Wednesday, January 22nd. HSBC raised shares of Infosys from a "hold" rating to a "buy" rating in a research report on Monday, December 9th. Finally, Hsbc Global Res raised shares of Infosys from a "hold" rating to a "strong-buy" rating in a research report on Monday, December 9th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $20.22.

Infosys Company Profile

Infosys Ltd. is a digital services and consulting company, which engages in the provision of end-to-end business solutions. It operates through the following segments: Financial Services, Retail, Communication, Energy, Utilities, Resources, and Services, Manufacturing, Hi-Tech, Life Sciences, and All Other.