Cetera Investment Advisers Increases Holdings in Infosys Limited (NYSE:INFY)

Cetera Investment Advisers raised its holdings in shares of Infosys Limited (NYSE:INFY - Free Report) by 25.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 76,507 shares of the technology company's stock after buying an additional 15,287 shares during the quarter. Cetera Investment Advisers' holdings in Infosys were worth $1,677,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Sierra Ocean LLC purchased a new position in Infosys during the fourth quarter worth about $29,000. Farther Finance Advisors LLC grew its position in Infosys by 69.7% during the fourth quarter. Farther Finance Advisors LLC now owns 3,115 shares of the technology company's stock worth $68,000 after buying an additional 1,279 shares in the last quarter. Principal Securities Inc. grew its position in Infosys by 210.1% during the fourth 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 in the last quarter. KLP Kapitalforvaltning AS purchased a new position in Infosys during the fourth quarter worth about $132,000. Finally, Jones Financial Companies Lllp grew its position in Infosys by 15.9% during the fourth quarter. Jones Financial Companies Lllp now owns 7,520 shares of the technology company's stock worth $165,000 after buying an additional 1,030 shares in the last quarter. 16.20% of the stock is currently owned by hedge funds and other institutional investors.

Infosys Stock Up 0.6%

Shares of NYSE INFY traded up $0.10 during midday trading on Friday, reaching $18.14. The company had a trading volume of 10,086,488 shares, compared to its average volume of 9,717,710. Infosys Limited has a one year low of $15.82 and a one year high of $23.63. The firm's fifty day moving average price is $17.67 and its 200-day moving average price is $20.34. The stock has a market cap of $75.14 billion, a PE ratio of 22.96, a price-to-earnings-growth ratio of 3.50 and a beta of 0.98.

Infosys (NYSE:INFY - Get Free Report) last released its earnings results on Thursday, April 17th. The technology company reported $0.20 earnings per share for the quarter, beating analysts' consensus estimates of $0.19 by $0.01. Infosys had a return on equity of 31.60% and a net margin of 17.28%. The company had revenue of $4.79 billion during the quarter, compared to analyst estimates of $420.69 billion. During the same quarter in the previous year, the company posted $0.23 EPS. As a group, equities research analysts expect that Infosys Limited will post 0.74 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms recently commented on INFY. BMO Capital Markets reduced their target price on Infosys from $25.00 to $18.00 and set a "market perform" rating for the company in a research report on Monday, April 21st. Investec raised Infosys from a "sell" rating to a "buy" rating in a research note on Friday, April 18th. Susquehanna raised Infosys from a "negative" rating to a "neutral" rating and set a $17.00 price target for the company in a research note on Monday, April 14th. Wall Street Zen raised Infosys from a "hold" rating to a "buy" rating in a research note on Friday, May 16th. Finally, CLSA raised Infosys from a "hold" rating to an "outperform" rating in a research note on Friday, March 7th. Six equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $17.48.

Infosys Company 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.