AdvisorShares Investments LLC Takes Position in Infosys Limited (NYSE:INFY)

AdvisorShares Investments LLC acquired a new stake in shares of Infosys Limited (NYSE:INFY - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 25,190 shares of the technology company's stock, valued at approximately $552,000.

Other institutional investors have also recently bought and sold shares of the company. BHK Investment Advisors LLC raised its stake in 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 buying an additional 507 shares during the period. Outlook Wealth Advisors LLC raised its position 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 purchasing an additional 508 shares during the period. GAMMA Investing LLC lifted its holdings 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 purchasing an additional 560 shares in the last quarter. Kovitz Investment Group Partners LLC lifted its holdings in shares of Infosys by 5.9% during the 4th quarter. Kovitz Investment Group Partners LLC now owns 10,467 shares of the technology company's stock valued at $229,000 after purchasing an additional 579 shares in the last quarter. Finally, Flagship Harbor Advisors LLC increased its stake in Infosys by 6.2% during the 4th quarter. Flagship Harbor Advisors LLC now owns 11,026 shares of the technology company's stock worth $242,000 after purchasing an additional 641 shares in the last quarter. Institutional investors and hedge funds own 16.20% of the company's stock.

Infosys Stock Performance

NYSE INFY traded up $0.29 during trading hours on Friday, hitting $17.89. 8,940,345 shares of the company traded hands, compared to its average volume of 9,627,236. The business's 50-day moving average is $18.06 and its 200-day moving average is $20.72. The stock has a market capitalization of $74.10 billion, a price-to-earnings ratio of 22.65, a P/E/G ratio of 3.50 and a beta of 0.97. Infosys Limited has a twelve month low of $15.82 and a twelve month high of $23.63.

Infosys (NYSE:INFY - Get Free Report) last released its quarterly earnings data on Thursday, April 17th. The technology company reported $0.20 EPS for the quarter, beating the consensus estimate of $0.19 by $0.01. The company had revenue of $4.79 billion during the quarter, compared to the consensus estimate of $420.69 billion. Infosys had a return on equity of 31.60% and a net margin of 17.28%. During the same quarter in the prior year, the firm posted $0.23 EPS. Analysts predict that Infosys Limited will post 0.74 EPS for the current year.

Analysts Set New Price Targets

INFY has been the topic of a number of research reports. BMO Capital Markets cut their price target on shares of Infosys from $25.00 to $18.00 and set a "market perform" rating on the stock in a research note on Monday, April 21st. Stifel Nicolaus reduced their target price on shares of Infosys from $18.00 to $17.00 and set a "hold" rating for the company in a research note on Monday, April 21st. Guggenheim reiterated a "neutral" rating on shares of Infosys in a report on Friday, January 17th. Investec raised Infosys from a "sell" rating to a "buy" rating in a research report on Friday, April 18th. Finally, CLSA raised Infosys from a "hold" rating to an "outperform" rating in a research report on Friday, March 7th. Seven research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $17.48.

About Infosys

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.