Vident Advisory LLC Acquires 53,787 Shares of Infosys Limited (NYSE:INFY)

Vident Advisory LLC lifted its position in shares of Infosys Limited (NYSE:INFY - Free Report) by 50.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 160,318 shares of the technology company's stock after acquiring 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 reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in INFY. Sierra Ocean LLC acquired a new stake in shares of Infosys during the fourth quarter worth $29,000. Farther Finance Advisors LLC grew 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 purchasing an additional 1,279 shares during the period. Principal Securities Inc. grew its stake in shares of Infosys by 210.1% during the fourth quarter. Principal Securities Inc. now owns 4,822 shares of the technology company's stock worth $106,000 after purchasing an additional 3,267 shares during the period. KLP Kapitalforvaltning AS acquired a new stake in shares of Infosys during the fourth quarter worth $132,000. Finally, Jones Financial Companies Lllp grew its stake in shares of 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 purchasing an additional 1,030 shares during the period. Institutional investors own 16.20% of the company's stock.

Infosys Trading Up 0.6%

Shares of INFY stock traded up $0.10 on Friday, hitting $18.14. 10,086,488 shares of the stock were exchanged, compared to its average volume of 9,717,710. The firm has a market capitalization of $75.14 billion, a P/E ratio of 22.96, a price-to-earnings-growth ratio of 3.50 and a beta of 0.98. The business has a 50-day moving average of $17.67 and a 200 day moving average of $20.34. 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 posted its quarterly earnings data on Thursday, April 17th. The technology company reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.01. The company 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 earned $0.23 earnings per share. As a group, research analysts forecast that Infosys Limited will post 0.74 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

INFY has been the subject of a number of analyst reports. Wall Street Zen raised Infosys from a "hold" rating to a "buy" rating in a research note on Friday, May 16th. Investec raised Infosys from a "sell" rating to a "buy" rating in a research note on Friday, April 18th. The Goldman Sachs Group cut Infosys from a "buy" rating to a "neutral" rating and set a $17.90 target price for the company. in a research note on Monday, April 21st. BMO Capital Markets decreased their target price on Infosys from $25.00 to $18.00 and set a "market perform" rating for the company in a research note on Monday, April 21st. Finally, CLSA raised Infosys from a "hold" rating to an "outperform" rating in a research note on Friday, March 7th. Six investment analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price 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.