Madison Investment Advisors LLC Takes Position in Infosys Limited (NYSE:INFY)

Madison Investment Advisors LLC purchased a new stake in shares of Infosys Limited (NYSE:INFY - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 140,495 shares of the technology company's stock, valued at approximately $3,080,000.

Other institutional investors also recently bought and sold shares of the company. Sierra Ocean LLC purchased a new position in shares of Infosys during the 4th quarter worth approximately $29,000. Brooklyn Investment Group bought a new stake in shares of Infosys during the fourth quarter valued at approximately $52,000. Wilmington Savings Fund Society FSB purchased a new stake in Infosys in the third quarter worth $57,000. Farther Finance Advisors LLC raised its holdings in Infosys by 69.7% in the fourth quarter. Farther Finance Advisors LLC now owns 3,115 shares of the technology company's stock worth $68,000 after purchasing an additional 1,279 shares in the last quarter. Finally, GAMMA Investing LLC lifted its position in Infosys by 14.2% during the fourth quarter. GAMMA Investing LLC now owns 4,496 shares of the technology company's stock valued at $99,000 after buying an additional 560 shares during the period. 16.20% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on INFY. HSBC raised shares of Infosys from a "hold" rating to a "buy" rating in a research report on Monday, December 9th. Guggenheim reaffirmed a "neutral" rating on shares of Infosys in a research note on Friday, January 17th. CLSA raised Infosys from a "hold" rating to an "outperform" rating in a research report on Friday, March 7th. Hsbc Global Res raised Infosys from a "hold" rating to a "strong-buy" rating in a research report on Monday, December 9th. Finally, StockNews.com downgraded Infosys from a "buy" rating to a "hold" rating in a report on Thursday, March 20th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $19.70.

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Infosys Trading Down 1.0 %

INFY traded down $0.18 during trading on Wednesday, hitting $18.65. 7,390,999 shares of the company's stock traded hands, compared to its average volume of 9,339,326. Infosys Limited has a 12-month low of $16.04 and a 12-month high of $23.81. The company's 50 day simple moving average is $20.66 and its two-hundred day simple moving average is $21.84. The stock has a market capitalization of $77.24 billion, a price-to-earnings ratio of 23.60, a PEG ratio of 3.50 and a beta of 1.01.

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

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.