Raymond James Financial Inc. Makes New $1.29 Million Investment in Infosys Limited (NYSE:INFY)

Raymond James Financial Inc. bought a new stake in Infosys Limited (NYSE:INFY - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 58,677 shares of the technology company's stock, valued at approximately $1,286,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of INFY. Sierra Ocean LLC bought a new stake in Infosys in the 4th quarter valued at about $29,000. Brooklyn Investment Group purchased a new position in shares of Infosys in the fourth quarter worth about $52,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Infosys in the third quarter valued at approximately $57,000. GAMMA Investing LLC lifted its stake in shares of Infosys by 14.2% during the 4th 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 in the last quarter. Finally, Principal Securities Inc. boosted its holdings in Infosys by 210.1% in the 4th quarter. Principal Securities Inc. now owns 4,822 shares of the technology company's stock worth $106,000 after buying an additional 3,267 shares during the period. 16.20% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have issued reports on INFY. Guggenheim restated a "neutral" rating on shares of Infosys in a research report on Friday, January 17th. Hsbc Global Res raised Infosys from a "hold" rating to a "strong-buy" rating in a report on Monday, December 9th. HSBC raised Infosys from a "hold" rating to a "buy" rating in a report on Monday, December 9th. StockNews.com raised shares of Infosys from a "hold" rating to a "buy" rating in a report on Monday. Finally, CLSA raised shares of Infosys from a "hold" rating to an "outperform" rating in a research note on Friday, March 7th. Two analysts have rated the stock with a sell rating, three have given a hold rating, five have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $19.70.

Remove Ads

Infosys Price Performance

INFY stock traded up $0.22 during midday trading on Monday, reaching $16.80. The company had a trading volume of 23,309,914 shares, compared to its average volume of 9,562,446. The firm has a 50-day moving average price of $19.99 and a 200-day moving average price of $21.52. The company has a market capitalization of $69.57 billion, a P/E ratio of 21.26, a P/E/G ratio of 3.50 and a beta of 0.97. Infosys Limited has a 1 year low of $16.04 and a 1 year high of $23.63.

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

Infosys 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.