SG Americas Securities LLC Takes $311,000 Position in Infosys Limited (NYSE:INFY)

SG Americas Securities LLC purchased a new position in Infosys Limited (NYSE:INFY - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 14,174 shares of the technology company's stock, valued at approximately $311,000.

Other institutional investors have also added to or reduced their stakes in the company. Simon Quick Advisors LLC lifted its stake in shares of Infosys by 10.5% during the 4th quarter. Simon Quick Advisors LLC now owns 10,657 shares of the technology company's stock valued at $234,000 after buying an additional 1,014 shares in the last quarter. Atomi Financial Group Inc. lifted its stake in shares of Infosys by 1.7% during the 4th quarter. Atomi Financial Group Inc. now owns 38,263 shares of the technology company's stock valued at $839,000 after buying an additional 655 shares in the last quarter. Perpetual Ltd lifted its stake in shares of Infosys by 20.3% during the 4th quarter. Perpetual Ltd now owns 681,729 shares of the technology company's stock valued at $14,944,000 after buying an additional 115,068 shares in the last quarter. Ballentine Partners LLC lifted its stake in shares of Infosys by 6.8% during the 4th quarter. Ballentine Partners LLC now owns 82,824 shares of the technology company's stock valued at $1,816,000 after buying an additional 5,307 shares in the last quarter. Finally, Diversify Wealth Management LLC purchased a new position in shares of Infosys during the 4th quarter valued at $787,000. 16.20% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

INFY has been the topic of several research analyst reports. HSBC upgraded shares of Infosys from a "hold" rating to a "buy" rating in a research note on Monday, December 9th. StockNews.com upgraded shares of Infosys from a "hold" rating to a "buy" rating in a report on Wednesday, January 22nd. Guggenheim restated a "neutral" rating on shares of Infosys in a research note on Friday, January 17th. Hsbc Global Res upgraded shares of Infosys from a "hold" rating to a "strong-buy" rating in a research note on Monday, December 9th. Finally, BMO Capital Markets upped their target price on shares of Infosys from $23.00 to $25.00 and gave the stock a "market perform" rating in a research note on Friday, October 18th. Two research analysts have rated the stock with a sell rating, three have given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $20.22.

Infosys Trading Down 1.8 %

INFY stock traded down $0.40 during trading on Friday, reaching $21.85. 9,617,540 shares of the stock were exchanged, compared to its average volume of 10,675,010. The business has a 50 day moving average price of $22.40 and a 200-day moving average price of $22.33. Infosys Limited has a 1 year low of $16.04 and a 1 year high of $23.63. The firm has a market capitalization of $90.48 billion, a price-to-earnings ratio of 27.65, a P/E/G ratio of 3.64 and a beta of 1.00.

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 quarter in the previous year, the firm earned $0.18 earnings per share. On average, research analysts anticipate 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.