Proficio Capital Partners LLC acquired a new position in Infosys Limited (NYSE:INFY - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 32,091 shares of the technology company's stock, valued at approximately $703,000.
Other institutional investors and hedge funds also recently made changes to their positions in the company. BHK Investment Advisors LLC boosted its stake in shares of Infosys by 2.3% during the 4th quarter. BHK Investment Advisors LLC now owns 22,785 shares of the technology company's stock worth $499,000 after acquiring an additional 507 shares during the last quarter. Outlook Wealth Advisors LLC lifted its position in Infosys by 2.8% during the fourth quarter. Outlook Wealth Advisors LLC now owns 18,405 shares of the technology company's stock valued at $403,000 after purchasing an additional 508 shares in the last quarter. Canopy Partners LLC grew its holdings in Infosys by 3.1% during the third quarter. Canopy Partners LLC now owns 17,129 shares of the technology company's stock valued at $381,000 after purchasing an additional 522 shares during the period. GAMMA Investing LLC increased its position in 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 buying an additional 560 shares in the last quarter. Finally, Flagship Harbor Advisors LLC raised its stake in shares of Infosys by 6.2% in the fourth quarter. Flagship Harbor Advisors LLC now owns 11,026 shares of the technology company's stock worth $242,000 after buying an additional 641 shares during the period. Hedge funds and other institutional investors own 16.20% of the company's stock.
Wall Street Analysts Forecast Growth
A number of research analysts recently issued reports on INFY shares. StockNews.com downgraded Infosys from a "buy" rating to a "hold" rating in a research note on Thursday, March 20th. CLSA raised shares of Infosys from a "hold" rating to an "outperform" rating in a research note on Friday, March 7th. Hsbc Global Res upgraded shares of Infosys from a "hold" rating to a "strong-buy" rating in a research note on Monday, December 9th. HSBC raised shares of Infosys from a "hold" rating to a "buy" rating in a report on Monday, December 9th. Finally, Guggenheim reissued a "neutral" rating on shares of Infosys in a report on Friday, January 17th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $19.70.
Check Out Our Latest Stock Report on Infosys
Infosys Stock Down 1.0 %
NYSE INFY traded down $0.18 on Wednesday, reaching $18.65. The company had a trading volume of 7,277,957 shares, compared to its average volume of 9,339,326. The stock has a market capitalization of $77.24 billion, a PE ratio of 23.60, a price-to-earnings-growth ratio of 3.50 and a beta of 1.01. Infosys Limited has a 12 month low of $16.04 and a 12 month high of $23.81. The firm's 50 day moving average price is $20.66 and its 200 day moving average price is $21.84.
Infosys (NYSE:INFY - Get Free Report) last issued its quarterly earnings data 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 return on equity of 31.60% and a net margin of 17.28%. During the same quarter last year, the business earned $0.18 earnings per share. On average, research analysts expect that Infosys Limited will post 0.74 EPS for the current year.
About Infosys
(
Free Report)
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.
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