Focus Partners Advisor Solutions LLC Takes Position in Infosys Limited (NYSE:INFY)

Focus Partners Advisor Solutions LLC purchased a new stake in Infosys Limited (NYSE:INFY - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 14,865 shares of the technology company's stock, valued at approximately $326,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of INFY. Sierra Ocean LLC acquired a new position in Infosys during the 4th quarter worth about $29,000. Farther Finance Advisors LLC raised its stake in shares of 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 during the last quarter. Principal Securities Inc. lifted its holdings in Infosys by 210.1% in the fourth quarter. Principal Securities Inc. now owns 4,822 shares of the technology company's stock valued at $106,000 after buying an additional 3,267 shares during the period. KLP Kapitalforvaltning AS acquired a new position in shares of Infosys in the 4th quarter valued at $132,000. Finally, Jones Financial Companies Lllp boosted its holdings 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 during the last quarter. 16.20% of the stock is currently owned by institutional investors and hedge funds.

Infosys Trading Up 0.6%

Shares of Infosys stock traded up $0.11 during trading on Thursday, reaching $18.47. The stock had a trading volume of 8,450,017 shares, compared to its average volume of 9,692,291. The company has a market capitalization of $76.48 billion, a price-to-earnings ratio of 23.37, a P/E/G ratio of 3.50 and a beta of 0.98. The stock has a fifty day moving average price of $17.67 and a two-hundred day moving average price of $20.28. Infosys Limited has a 52 week low of $15.82 and a 52 week high of $23.63.

Infosys (NYSE:INFY - Get Free Report) last released its 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. The firm had revenue of $4.79 billion for the quarter, compared to analysts' expectations 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 previous year, the business posted $0.23 EPS. On average, equities analysts forecast that Infosys Limited will post 0.74 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on INFY shares. Stifel Nicolaus cut their price target on shares of Infosys from $18.00 to $17.00 and set a "hold" rating on the stock in a research report on Monday, April 21st. Susquehanna raised shares of Infosys from a "negative" rating to a "neutral" rating and set a $17.00 price target for the company in a report on Monday, April 14th. Wall Street Zen upgraded shares of Infosys from a "hold" rating to a "buy" rating in a research report on Friday, May 16th. BMO Capital Markets dropped their price target on Infosys from $25.00 to $18.00 and set a "market perform" rating on the stock in a research report on Monday, April 21st. Finally, Investec upgraded Infosys from a "sell" rating to a "buy" rating in a research report on Friday, April 18th. Six analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, Infosys currently has an average rating of "Moderate Buy" and an average price target 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.