Townsquare Capital LLC boosted its position in shares of Infosys Limited (NYSE:INFY - Free Report) by 128.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 44,320 shares of the technology company's stock after buying an additional 24,926 shares during the period. Townsquare Capital LLC's holdings in Infosys were worth $971,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of the company. BHK Investment Advisors LLC boosted its stake in shares of Infosys by 2.3% in the fourth 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 grew its holdings in shares of Infosys by 2.8% during the fourth quarter. Outlook Wealth Advisors LLC now owns 18,405 shares of the technology company's stock worth $403,000 after buying an additional 508 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of Infosys by 14.2% during 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. Flagship Harbor Advisors LLC raised its position 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 valued at $242,000 after buying an additional 641 shares during the last quarter. Finally, Atomi Financial Group Inc. lifted its stake in shares of Infosys by 1.7% in the fourth quarter. Atomi Financial Group Inc. now owns 38,263 shares of the technology company's stock worth $839,000 after buying an additional 655 shares in the last quarter. 16.20% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of analysts have commented on the stock. Investec upgraded shares of Infosys from a "sell" rating to a "buy" rating in a report on Friday. StockNews.com downgraded Infosys from a "buy" rating to a "hold" rating in a research note on Tuesday. Guggenheim reaffirmed a "neutral" rating on shares of Infosys in a research report on Friday, January 17th. Stifel Nicolaus decreased their target price on shares of Infosys from $22.00 to $18.00 and set a "hold" rating on the stock in a research report on Tuesday. Finally, Susquehanna raised shares of Infosys from a "negative" rating to a "neutral" rating and set a $17.00 price objective for the company in a research report on Monday, April 14th. Six investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $20.03.
View Our Latest Analysis on Infosys
Infosys Stock Down 2.7 %
Shares of INFY opened at $16.14 on Friday. Infosys Limited has a fifty-two week low of $15.82 and a fifty-two week high of $23.63. The company has a market cap of $66.84 billion, a P/E ratio of 20.43, a PEG ratio of 3.50 and a beta of 0.97. The firm's 50 day moving average price is $18.85 and its 200 day moving average price is $21.10.
Infosys (NYSE:INFY - Get Free Report) last announced its quarterly earnings data on Thursday, April 17th. The technology company reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.01. Infosys had a return on equity of 31.60% and a net margin of 17.28%. The business had revenue of $4.79 billion for the quarter, compared to analysts' expectations of $420.69 billion. During the same period last year, the firm earned $0.23 earnings per share. Research analysts forecast that Infosys Limited will post 0.74 earnings per share 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.
Featured Articles
Want to see what other hedge funds are holding INFY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Infosys Limited (NYSE:INFY - Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Infosys, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Infosys wasn't on the list.
While Infosys currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
