Orion Portfolio Solutions LLC Acquires 35,912 Shares of Infosys Limited (NYSE:INFY)

Orion Portfolio Solutions LLC boosted its position in shares of Infosys Limited (NYSE:INFY - Free Report) by 123.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 65,060 shares of the technology company's stock after purchasing an additional 35,912 shares during the period. Orion Portfolio Solutions LLC's holdings in Infosys were worth $1,426,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Sierra Ocean LLC bought a new stake in shares of Infosys during the fourth quarter worth $29,000. Brooklyn Investment Group acquired a new position in Infosys during the 4th quarter worth about $52,000. Wilmington Savings Fund Society FSB bought a new stake in Infosys during the 3rd quarter worth about $57,000. Farther Finance Advisors LLC increased its position in Infosys by 69.7% in the 4th quarter. Farther Finance Advisors LLC now owns 3,115 shares of the technology company's stock valued at $68,000 after acquiring an additional 1,279 shares in the last quarter. Finally, GAMMA Investing LLC raised its stake in shares of Infosys by 14.2% in the fourth quarter. GAMMA Investing LLC now owns 4,496 shares of the technology company's stock worth $99,000 after acquiring an additional 560 shares during the last quarter. 16.20% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

INFY has been the topic of several research analyst reports. Hsbc Global Res raised shares of Infosys from a "hold" rating to a "strong-buy" rating in a research note on Monday, December 9th. Guggenheim reiterated a "neutral" rating on shares of Infosys in a research report on Friday, January 17th. HSBC upgraded Infosys from a "hold" rating to a "buy" rating in a research report on Monday, December 9th. CLSA upgraded Infosys from a "hold" rating to an "outperform" rating in a report on Friday, March 7th. Finally, StockNews.com raised Infosys from a "hold" rating to a "buy" rating in a report on Monday. Two 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 MarketBeat.com, Infosys has an average rating of "Hold" and an average price target of $19.70.

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Infosys Stock Down 2.3 %

NYSE INFY traded down $0.39 on Tuesday, reaching $16.40. The company had a trading volume of 12,944,739 shares, compared to its average volume of 9,579,305. Infosys Limited has a 52 week low of $16.04 and a 52 week high of $23.63. The stock has a market cap of $67.91 billion, a price-to-earnings ratio of 20.75, a PEG ratio of 3.50 and a beta of 0.97. The stock's 50 day moving average is $19.78 and its 200-day moving average is $21.44.

Infosys (NYSE:INFY - Get Free Report) last announced its quarterly earnings results on Thursday, January 16th. The technology company reported $0.19 earnings per share for the quarter, meeting analysts' consensus estimates 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 business posted $0.18 EPS. As a group, analysts forecast 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.