Stifel Financial Corp boosted its position in Infosys Limited (NYSE:INFY - Free Report) by 31.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 81,135 shares of the technology company's stock after purchasing an additional 19,219 shares during the period. Stifel Financial Corp's holdings in Infosys were worth $1,779,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also bought and sold shares of the company. Sierra Ocean LLC bought a new position in shares of Infosys during the 4th quarter worth $29,000. Brooklyn Investment Group bought a new position in Infosys during the fourth quarter worth about $52,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Infosys in the third quarter valued at approximately $57,000. Farther Finance Advisors LLC lifted its stake in shares of 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 buying an additional 1,279 shares in the last quarter. Finally, GAMMA Investing LLC boosted its holdings in Infosys by 14.2% in the 4th quarter. GAMMA Investing LLC now owns 4,496 shares of the technology company's stock worth $99,000 after buying an additional 560 shares during the period. 16.20% of the stock is owned by institutional investors.
Infosys Price Performance
Shares of NYSE:INFY opened at $17.86 on Tuesday. Infosys Limited has a one year low of $15.82 and a one year high of $23.63. The firm has a market capitalization of $73.96 billion, a price-to-earnings ratio of 22.60, a PEG ratio of 3.50 and a beta of 0.97. The company's fifty day moving average price is $18.00 and its 200-day moving average price is $20.66.
Infosys (NYSE:INFY - Get Free Report) last issued its quarterly earnings results 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 return on equity of 31.60% and a net margin of 17.28%. The firm had revenue of $4.79 billion during the quarter, compared to analyst estimates of $420.69 billion. During the same quarter in the previous year, the company posted $0.23 earnings per share. As a group, equities research analysts expect that Infosys Limited will post 0.74 EPS for the current year.
Analyst Upgrades and Downgrades
INFY has been the topic of a number of analyst reports. The Goldman Sachs Group cut shares of Infosys from a "buy" rating to a "neutral" rating and set a $17.90 target price on the stock. in a report on Monday, April 21st. Susquehanna upgraded Infosys from a "negative" rating to a "neutral" rating and set a $17.00 target price for the company in a research note on Monday, April 14th. Investec upgraded Infosys from a "sell" rating to a "buy" rating in a research report on Friday, April 18th. StockNews.com lowered shares of Infosys from a "buy" rating to a "hold" rating in a research report on Wednesday, April 23rd. Finally, Stifel Nicolaus reduced their price objective on shares of Infosys from $18.00 to $17.00 and set a "hold" rating for the company in a research note on Monday, April 21st. Seven investment analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $17.48.
Check Out Our Latest Stock Report on INFY
Infosys Company Profile
(
Free Report)
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.
Further Reading
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