Townsquare Capital LLC Purchases 24,926 Shares of Infosys Limited (NYSE:INFY)

Townsquare Capital LLC raised its stake in shares of Infosys Limited (NYSE:INFY - Free Report) by 128.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 44,320 shares of the technology company's stock after purchasing an additional 24,926 shares during the quarter. Townsquare Capital LLC's holdings in Infosys were worth $971,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the stock. SG Americas Securities LLC bought a new stake in shares of Infosys during the 4th quarter valued at $311,000. Jones Financial Companies Lllp grew its position in 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 purchasing an additional 1,030 shares during the last quarter. Haven Global Partners LLC bought a new stake in Infosys during the 4th quarter valued at about $4,078,000. Barclays PLC lifted its stake in shares of Infosys by 11.8% in the third quarter. Barclays PLC now owns 2,523,605 shares of the technology company's stock worth $56,200,000 after buying an additional 266,902 shares in the last quarter. Finally, Farther Finance Advisors LLC increased its position 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 valued at $68,000 after acquiring an additional 1,279 shares in the last quarter. 16.20% of the stock is currently owned by institutional investors.

Infosys Trading Up 1.0 %

INFY traded up $0.18 during trading hours on Thursday, hitting $17.41. The company's stock had a trading volume of 1,832,403 shares, compared to its average volume of 9,627,848. The stock has a market cap of $72.09 billion, a price-to-earnings ratio of 22.01, a P/E/G ratio of 3.50 and a beta of 0.97. The business's 50-day moving average price is $18.57 and its 200-day moving average price is $20.99. Infosys Limited has a 12 month low of $15.82 and a 12 month high of $23.63.

Infosys (NYSE:INFY - Get Free Report) last announced its earnings results on Thursday, April 17th. The technology company reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.01. The firm had revenue of $4.79 billion for the quarter, compared to analysts' expectations of $420.69 billion. Infosys had a net margin of 17.28% and a return on equity of 31.60%. During the same period in the prior year, the company earned $0.23 EPS. On average, analysts forecast that Infosys Limited will post 0.74 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts recently issued reports on INFY shares. Investec upgraded shares of Infosys from a "sell" rating to a "buy" rating in a report on Friday, April 18th. StockNews.com downgraded shares of Infosys from a "buy" rating to a "hold" rating in a research report on Wednesday. BMO Capital Markets cut their price target on Infosys from $25.00 to $18.00 and set a "market perform" rating for the company in a report on Monday. The Goldman Sachs Group downgraded Infosys from a "buy" rating to a "neutral" rating and set a $17.90 price objective for the company. in a research note on Monday. Finally, CLSA upgraded shares of Infosys from a "hold" rating to an "outperform" rating in a research note on Friday, March 7th. Seven equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, Infosys presently has a consensus rating of "Moderate Buy" and a consensus target price of $17.48.

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.