Cetera Investment Advisers Boosts Stake in Infosys Limited (NYSE:INFY)

Cetera Investment Advisers increased its holdings in Infosys Limited (NYSE:INFY - Free Report) by 25.0% in the fourth quarter, according to 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 period. Cetera Investment Advisers' holdings in Infosys were worth $1,677,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of INFY. AQR Capital Management LLC grew its stake in Infosys by 270.9% during the 4th quarter. AQR Capital Management LLC now owns 9,164,085 shares of the technology company's stock worth $200,877,000 after buying an additional 6,693,127 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its stake in Infosys by 118.8% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 7,912,259 shares of the technology company's stock worth $173,437,000 after buying an additional 4,296,291 shares during the last quarter. First Trust Advisors LP grew its stake in Infosys by 14.5% during the 4th quarter. First Trust Advisors LP now owns 32,410,108 shares of the technology company's stock worth $710,430,000 after buying an additional 4,108,903 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich grew its stake in Infosys by 1,668.3% during the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 3,228,211 shares of the technology company's stock worth $75,470,000 after buying an additional 3,045,656 shares during the last quarter. Finally, Bank of America Corp DE grew its stake in Infosys by 43.1% during the 4th quarter. Bank of America Corp DE now owns 8,225,396 shares of the technology company's stock worth $180,301,000 after buying an additional 2,478,093 shares during the last quarter. Institutional investors own 16.20% of the company's stock.

Infosys Price Performance

NYSE:INFY traded up $0.10 during mid-day trading on Monday, hitting $18.14. The company's stock had a trading volume of 10,086,488 shares, compared to its average volume of 9,719,625. Infosys Limited has a 1 year low of $15.82 and a 1 year high of $23.63. The stock has a market cap of $75.14 billion, a price-to-earnings ratio of 22.96, a PEG ratio of 3.50 and a beta of 0.98. The business's fifty day moving average is $17.66 and its two-hundred day moving average is $20.30.

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

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on INFY shares. CLSA upgraded Infosys from a "hold" rating to an "outperform" rating in a research note on Friday, March 7th. The Goldman Sachs Group downgraded Infosys from a "buy" rating to a "neutral" rating and set a $17.90 target price on the stock. in a research report on Monday, April 21st. Susquehanna raised Infosys from a "negative" rating to a "neutral" rating and set a $17.00 target price on the stock in a research report on Monday, April 14th. Stifel Nicolaus cut their target price on Infosys from $18.00 to $17.00 and set a "hold" rating on the stock in a research report on Monday, April 21st. Finally, Wall Street Zen raised Infosys from a "hold" rating to a "buy" rating in a research report on Friday, May 16th. Six research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Infosys has an average rating of "Moderate Buy" and a consensus target price of $17.48.

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.