Focus Partners Advisor Solutions LLC Purchases Shares of 14,865 Infosys Limited (NYSE:INFY)

Focus Partners Advisor Solutions LLC purchased a new position in Infosys Limited (NYSE:INFY - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 14,865 shares of the technology company's stock, valued at approximately $326,000.

A number of other institutional investors have also made changes to their positions in INFY. Sierra Ocean LLC acquired a new position in shares of Infosys in the 4th quarter valued at $29,000. Farther Finance Advisors LLC raised its stake in Infosys by 69.7% during the 4th 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 period. Principal Securities Inc. grew its stake 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 acquiring an additional 3,267 shares during the period. KLP Kapitalforvaltning AS bought a new stake in shares of Infosys in the fourth quarter worth about $132,000. Finally, Jones Financial Companies Lllp increased its holdings in shares of Infosys by 15.9% in the fourth quarter. Jones Financial Companies Lllp now owns 7,520 shares of the technology company's stock worth $165,000 after acquiring an additional 1,030 shares in the last quarter. 16.20% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on INFY. Stifel Nicolaus decreased their price objective on Infosys from $18.00 to $17.00 and set a "hold" rating for the company in a research report on Monday, April 21st. The Goldman Sachs Group cut shares of Infosys from a "buy" rating to a "neutral" rating and set a $17.90 price target for the company. in a report on Monday, April 21st. Wall Street Zen raised shares of Infosys from a "hold" rating to a "buy" rating in a research report on Friday, May 16th. CLSA raised shares of Infosys from a "hold" rating to an "outperform" rating in a research report on Friday, March 7th. Finally, BMO Capital Markets reduced their target price on shares of Infosys from $25.00 to $18.00 and set a "market perform" rating for the company in a research note on Monday, April 21st. 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. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $17.48.

Infosys Trading Down 0.4%

Shares of Infosys stock traded down $0.08 during trading hours on Friday, reaching $18.12. 5,683,848 shares of the company's stock were exchanged, compared to its average volume of 9,681,988. The stock has a market cap of $75.06 billion, a P/E ratio of 22.98, a P/E/G ratio of 3.50 and a beta of 0.98. The company has a 50 day moving average of $17.67 and a two-hundred day moving average of $20.25. Infosys Limited has a fifty-two week low of $15.82 and a fifty-two week high of $23.63.

Infosys (NYSE:INFY - Get Free Report) last issued 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. The firm had revenue of $4.79 billion during 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 period in the prior year, the firm posted $0.23 earnings per share. As a group, analysts expect that Infosys Limited will post 0.74 earnings per share for the current fiscal year.

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.