NewEdge Advisors LLC Purchases 28,351 Shares of Infosys Limited (NYSE:INFY)

NewEdge Advisors LLC boosted its holdings in shares of Infosys Limited (NYSE:INFY - Free Report) by 1,288.1% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 30,552 shares of the technology company's stock after acquiring an additional 28,351 shares during the period. NewEdge Advisors LLC's holdings in Infosys were worth $670,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Jump Financial LLC increased its holdings in Infosys by 7.0% in the fourth quarter. Jump Financial LLC now owns 168,726 shares of the technology company's stock valued at $3,698,000 after purchasing an additional 11,057 shares during the last quarter. Causeway Capital Management LLC increased its stake in shares of Infosys by 1.7% in the 4th quarter. Causeway Capital Management LLC now owns 546,743 shares of the technology company's stock valued at $11,985,000 after acquiring an additional 8,907 shares during the last quarter. XTX Topco Ltd acquired a new stake in shares of Infosys in the 4th quarter valued at approximately $654,000. Mariner LLC boosted its stake in Infosys by 5.8% during the 4th quarter. Mariner LLC now owns 83,374 shares of the technology company's stock worth $1,828,000 after acquiring an additional 4,574 shares during the last quarter. Finally, Synovus Financial Corp grew its holdings in Infosys by 1.5% during the fourth quarter. Synovus Financial Corp now owns 137,022 shares of the technology company's stock valued at $3,004,000 after purchasing an additional 2,070 shares during the period. Institutional investors own 16.20% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on INFY. The Goldman Sachs Group cut shares of Infosys from a "buy" rating to a "neutral" rating and set a $17.90 price target on the stock. in a research report on Monday, April 21st. CLSA upgraded Infosys from a "hold" rating to an "outperform" rating in a report on Friday, March 7th. Susquehanna upgraded Infosys from a "negative" rating to a "neutral" rating and set a $17.00 price objective on the stock in a report on Monday, April 14th. StockNews.com cut Infosys from a "buy" rating to a "hold" rating in a research note on Wednesday, April 23rd. Finally, Investec raised shares of Infosys from a "sell" rating to a "buy" rating in a research note on Friday, April 18th. Seven research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, Infosys presently has an average rating of "Moderate Buy" and an average price target of $17.48.

Infosys Stock Up 0.5 %

INFY traded up $0.09 during trading hours on Thursday, hitting $17.69. 5,481,266 shares of the company's stock were exchanged, compared to its average volume of 9,607,511. 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 $18.18 and its two-hundred day moving average is $20.80. The stock has a market cap of $73.25 billion, a price-to-earnings ratio of 22.39, a PEG ratio of 3.50 and a beta of 0.97.

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 the consensus estimate of $0.19 by $0.01. Infosys had a return on equity of 31.60% and a net margin of 17.28%. The company had revenue of $4.79 billion during the quarter, compared to analysts' expectations of $420.69 billion. During the same quarter last year, the company earned $0.23 EPS. On average, equities research analysts anticipate that Infosys Limited will post 0.74 EPS for the current 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.