Vident Advisory LLC Grows Position in Infosys Limited (NYSE:INFY)

Vident Advisory LLC grew its holdings in Infosys Limited (NYSE:INFY - Free Report) by 50.5% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 160,318 shares of the technology company's stock after buying an additional 53,787 shares during the quarter. Vident Advisory LLC's holdings in Infosys were worth $3,514,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of INFY. Sierra Ocean LLC purchased a new position in Infosys in the fourth quarter worth about $29,000. Farther Finance Advisors LLC lifted 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 valued at $68,000 after acquiring an additional 1,279 shares during the period. Principal Securities Inc. boosted its holdings in shares of Infosys by 210.1% during the 4th 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 last quarter. KLP Kapitalforvaltning AS bought a new stake in shares of Infosys in the fourth quarter worth approximately $132,000. Finally, Jones Financial Companies Lllp grew its stake in shares of Infosys by 15.9% during the 4th quarter. Jones Financial Companies Lllp now owns 7,520 shares of the technology company's stock valued at $165,000 after acquiring an additional 1,030 shares during the period. 16.20% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Investec raised shares of Infosys from a "sell" rating to a "buy" rating in a research note on Friday, April 18th. Wall Street Zen raised Infosys from a "hold" rating to a "buy" rating in a research note on Friday, May 16th. Susquehanna raised Infosys from a "negative" rating to a "neutral" rating and set a $17.00 price objective on the stock in a research note on Monday, April 14th. BMO Capital Markets lowered 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. Finally, Stifel Nicolaus decreased their price target on shares of Infosys from $18.00 to $17.00 and set a "hold" rating on the stock in a research note on Monday, April 21st. Six equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Infosys currently has an average rating of "Moderate Buy" and a consensus target price of $17.48.

Infosys Price Performance

Shares of INFY traded up $0.10 during midday trading on Monday, hitting $18.14. The 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's 50 day moving average is $17.67 and its 200 day moving average is $20.33. The firm 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 announced its quarterly earnings data on Thursday, April 17th. The technology company reported $0.20 earnings per share (EPS) for the quarter, topping 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 business had revenue of $4.79 billion during the quarter, compared to the consensus estimate of $420.69 billion. During the same quarter last year, the firm earned $0.23 earnings per share. As a group, equities research 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.