Stifel Financial Corp boosted its holdings in shares of Infosys Limited (NYSE:INFY - Free Report) by 31.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 81,135 shares of the technology company's stock after acquiring an additional 19,219 shares during the quarter. Stifel Financial Corp's holdings in Infosys were worth $1,779,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Sierra Ocean LLC acquired a new stake in shares of Infosys in the fourth quarter valued at $29,000. Brooklyn Investment Group acquired a new stake in shares of Infosys in the fourth quarter valued at $52,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Infosys in the third quarter valued at $57,000. Farther Finance Advisors LLC grew its stake in shares of Infosys by 69.7% in the fourth 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 fourth quarter. GAMMA Investing LLC now owns 4,496 shares of the technology company's stock valued at $99,000 after purchasing an additional 560 shares during the period. Institutional investors and hedge funds own 16.20% of the company's stock.
Infosys Stock Down 0.1%
Shares of NYSE:INFY traded down $0.01 during trading on Friday, hitting $17.48. 8,642,414 shares of the company traded hands, compared to its average volume of 9,646,104. The stock has a market capitalization of $72.40 billion, a price-to-earnings ratio of 22.13, a PEG ratio of 3.50 and a beta of 0.98. The business's fifty day moving average is $17.81 and its 200-day moving average is $20.53. Infosys Limited has a one year low of $15.82 and a one year high of $23.63.
Infosys (NYSE:INFY - Get Free Report) last posted its earnings results on Thursday, April 17th. The technology company reported $0.20 EPS for the quarter, beating the consensus estimate of $0.19 by $0.01. The company had revenue of $4.79 billion during the quarter, compared to analyst estimates 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 company earned $0.23 earnings per share. On average, analysts forecast that Infosys Limited will post 0.74 EPS for the current year.
Analysts Set New Price Targets
A number of research analysts recently issued reports on the company. The Goldman Sachs Group lowered Infosys from a "buy" rating to a "neutral" rating and set a $17.90 target price for the company. in a report on Monday, April 21st. StockNews.com cut Infosys from a "buy" rating to a "hold" rating in a research report on Wednesday, April 23rd. BMO Capital Markets reduced their price objective 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. Stifel Nicolaus reduced their price objective on Infosys from $18.00 to $17.00 and set a "hold" rating for the company in a research note on Monday, April 21st. Finally, Susquehanna raised 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. Seven research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $17.48.
Check Out Our Latest Stock Report on INFY
About Infosys
(
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.
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