Wahed Invest LLC Invests $1.20 Million in Infosys Limited (NYSE:INFY)

Wahed Invest LLC purchased a new stake in Infosys Limited (NYSE:INFY - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 54,651 shares of the technology company's stock, valued at approximately $1,198,000.

Several other institutional investors have also recently made changes to their positions in the stock. BHK Investment Advisors LLC grew its holdings in shares of Infosys by 2.3% during the fourth quarter. BHK Investment Advisors LLC now owns 22,785 shares of the technology company's stock valued at $499,000 after buying an additional 507 shares during the last quarter. Outlook Wealth Advisors LLC increased its holdings in Infosys by 2.8% during the 4th quarter. Outlook Wealth Advisors LLC now owns 18,405 shares of the technology company's stock worth $403,000 after purchasing an additional 508 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of 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 in the last quarter. Kovitz Investment Group Partners LLC grew its holdings in Infosys by 5.9% during the fourth quarter. Kovitz Investment Group Partners LLC now owns 10,467 shares of the technology company's stock worth $229,000 after buying an additional 579 shares in the last quarter. Finally, Flagship Harbor Advisors LLC boosted its holdings in Infosys by 6.2% during the 4th quarter. Flagship Harbor Advisors LLC now owns 11,026 shares of the technology company's stock worth $242,000 after acquiring an additional 641 shares during the last quarter. Institutional investors and hedge funds own 16.20% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. The Goldman Sachs Group downgraded Infosys from a "buy" rating to a "neutral" rating and set a $17.90 target price on the stock. in a research note on Monday, April 21st. Stifel Nicolaus decreased their target price on Infosys from $18.00 to $17.00 and set a "hold" rating for the company in a research report on Monday, April 21st. Guggenheim reiterated a "neutral" rating on shares of Infosys in a research note on Friday, January 17th. Susquehanna upgraded shares of Infosys from a "negative" rating to a "neutral" rating and set a $17.00 price target for the company in a research report on Monday, April 14th. Finally, CLSA raised shares of Infosys from a "hold" rating to an "outperform" rating in a research report on Friday, March 7th. Seven analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $17.48.

Infosys Trading Down 0.4 %

Shares of NYSE:INFY traded down $0.08 during trading on Wednesday, reaching $17.70. The company had a trading volume of 2,229,105 shares, compared to its average volume of 9,620,967. Infosys Limited has a 12 month low of $15.82 and a 12 month high of $23.63. The stock has a market capitalization of $73.29 billion, a P/E ratio of 22.40, a price-to-earnings-growth ratio of 3.50 and a beta of 0.98. The company has a fifty day moving average of $17.95 and a two-hundred day moving average of $20.64.

Infosys (NYSE:INFY - Get Free Report) last issued its 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. The business 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 quarter in the prior year, the firm earned $0.23 earnings per share. As a group, equities research analysts predict that Infosys Limited will post 0.74 earnings per share for the current year.

Infosys Company 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.