Infosys Limited (NYSE:INFY) Shares Acquired by Vise Technologies Inc.

Vise Technologies Inc. lifted its holdings in shares of Infosys Limited (NYSE:INFY - Free Report) by 748.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 127,534 shares of the technology company's stock after acquiring an additional 112,505 shares during the quarter. Vise Technologies Inc.'s holdings in Infosys were worth $2,796,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Sierra Ocean LLC acquired a new position in shares of Infosys during the 4th quarter valued at $29,000. Farther Finance Advisors LLC increased 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. increased its stake in Infosys by 210.1% during the 4th 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 during the period. KLP Kapitalforvaltning AS purchased a new stake in Infosys during the 4th quarter worth $132,000. Finally, Jones Financial Companies Lllp increased its stake in Infosys by 15.9% during the 4th 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 period. Institutional investors and hedge funds own 16.20% of the company's stock.

Infosys Stock Down 0.6%

Shares of NYSE:INFY opened at $18.05 on Friday. Infosys Limited has a fifty-two week low of $15.82 and a fifty-two week high of $23.63. The firm has a 50-day simple moving average of $17.68 and a 200 day simple moving average of $20.36. The company has a market cap of $74.76 billion, a PE ratio of 22.85, a P/E/G ratio of 3.50 and a beta of 0.98.

Infosys (NYSE:INFY - Get Free Report) last announced its quarterly earnings data 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 net margin of 17.28% and a return on equity of 31.60%. The business had revenue of $4.79 billion during the quarter, compared to the consensus estimate of $420.69 billion. During the same quarter in the prior year, the firm earned $0.23 EPS. As a group, research analysts forecast that Infosys Limited will post 0.74 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on INFY. Wall Street Zen raised shares of Infosys from a "hold" rating to a "buy" rating in a research note on Friday, May 16th. The Goldman Sachs Group downgraded shares of Infosys from a "buy" rating to a "neutral" rating and set a $17.90 price target on the stock. in a research note on Monday, April 21st. BMO Capital Markets dropped 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 dropped their target price on shares of Infosys from $18.00 to $17.00 and set a "hold" rating for the company in a research report on Monday, April 21st. Finally, Investec raised shares of Infosys from a "sell" rating to a "buy" rating in a research report on Friday, April 18th. 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 company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average 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.

Want to see what other hedge funds are holding INFY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Infosys Limited (NYSE:INFY - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.