GWN Securities Inc. Takes Position in Infosys Limited (NYSE:INFY)

GWN Securities Inc. acquired a new stake in Infosys Limited (NYSE:INFY - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 14,800 shares of the technology company's stock, valued at approximately $321,000.

Other hedge funds also recently added to or reduced their stakes in the company. Gitterman Wealth Management LLC purchased a new position in shares of Infosys in the 4th quarter valued at $213,000. Envestnet Portfolio Solutions Inc. purchased a new stake in shares of Infosys during the fourth quarter valued at about $361,000. Natixis Advisors LLC boosted its holdings in shares of Infosys by 53.7% in the 4th quarter. Natixis Advisors LLC now owns 410,381 shares of the technology company's stock valued at $8,996,000 after buying an additional 143,439 shares in the last quarter. Madison Investment Advisors LLC purchased a new position in shares of Infosys in the 4th quarter worth approximately $3,080,000. Finally, Bennbridge Ltd bought a new position in shares of Infosys during the 4th quarter worth approximately $2,334,000. 16.20% of the stock is owned by hedge funds and other institutional investors.

Infosys Trading Up 1.5 %

Shares of INFY stock traded up $0.28 during mid-day trading on Friday, reaching $18.34. The stock had a trading volume of 18,677,597 shares, compared to its average volume of 9,440,925. Infosys Limited has a 1-year low of $16.04 and a 1-year high of $23.81. The firm has a market cap of $75.96 billion, a price-to-earnings ratio of 23.21, a PEG ratio of 3.50 and a beta of 1.01. The business's fifty day moving average is $20.90 and its 200-day moving average is $21.94.

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Infosys (NYSE:INFY - Get Free Report) last issued its quarterly earnings results on Thursday, January 16th. The technology company reported $0.19 earnings per share for the quarter, hitting the consensus estimate of $0.19. Infosys had a net margin of 17.28% and a return on equity of 31.60%. During the same period in the prior year, the firm posted $0.18 EPS. On average, analysts forecast that Infosys Limited will post 0.74 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have weighed in on INFY shares. StockNews.com downgraded shares of Infosys from a "buy" rating to a "hold" rating in a research note on Thursday. HSBC upgraded Infosys from a "hold" rating to a "buy" rating in a research note on Monday, December 9th. CLSA upgraded Infosys from a "hold" rating to an "outperform" rating in a research note on Friday, March 7th. Guggenheim reissued a "neutral" rating on shares of Infosys in a report on Friday, January 17th. Finally, Hsbc Global Res upgraded shares of Infosys from a "hold" rating to a "strong-buy" rating in a report on Monday, December 9th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Infosys presently has an average rating of "Hold" and an average target price of $19.70.

About Infosys

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.