Infosys Limited (NYSE:INFY) Shares Acquired by LPL Financial LLC

LPL Financial LLC raised its position in Infosys Limited (NYSE:INFY - Free Report) by 25.1% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 241,927 shares of the technology company's stock after buying an additional 48,476 shares during the period. LPL Financial LLC's holdings in Infosys were worth $5,303,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of INFY. SG Americas Securities LLC purchased a new stake in Infosys during the 4th quarter worth approximately $311,000. Jones Financial Companies Lllp increased its position in shares of Infosys by 15.9% during the fourth quarter. Jones Financial Companies Lllp now owns 7,520 shares of the technology company's stock valued at $165,000 after acquiring an additional 1,030 shares during the last quarter. Haven Global Partners LLC purchased a new stake in Infosys in the fourth quarter valued at approximately $4,078,000. Nomura Asset Management Co. Ltd. boosted its holdings in Infosys by 22.5% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 670,907 shares of the technology company's stock valued at $14,941,000 after acquiring an additional 123,083 shares during the period. Finally, Barclays PLC grew its holdings in shares of Infosys by 11.8% in the third quarter. Barclays PLC now owns 2,523,605 shares of the technology company's stock valued at $56,200,000 after purchasing an additional 266,902 shares in the last quarter. Institutional investors and hedge funds own 16.20% of the company's stock.

Infosys Stock Performance

Infosys stock traded down $0.13 during midday trading on Friday, hitting $16.86. 15,133,426 shares of the company's stock were exchanged, compared to its average volume of 9,640,614. The firm's 50 day simple moving average is $19.40 and its 200 day simple moving average is $21.29. Infosys Limited has a 12-month low of $16.04 and a 12-month high of $23.63. The stock has a market cap of $69.81 billion, a price-to-earnings ratio of 21.34, a price-to-earnings-growth ratio of 3.50 and a beta of 0.97.

Remove Ads

Infosys (NYSE:INFY - Get Free Report) last posted its quarterly earnings data on Thursday, January 16th. The technology company reported $0.19 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 quarter in the prior year, the firm posted $0.18 earnings per share. On average, equities research analysts forecast that Infosys Limited will post 0.74 EPS for the current fiscal year.

Analyst Ratings Changes

INFY has been the topic of a number of analyst reports. CLSA raised Infosys from a "hold" rating to an "outperform" rating in a research report on Friday, March 7th. StockNews.com upgraded shares of Infosys from a "hold" rating to a "buy" rating in a research note on Monday, April 7th. Finally, Guggenheim reiterated a "neutral" rating on shares of Infosys in a research report on Friday, January 17th. Two analysts have rated the stock with a sell rating, three have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Infosys currently has an average rating of "Hold" and a consensus target price of $19.70.

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.