Blue Trust Inc. Raises Holdings in Infosys Limited (NYSE:INFY)

Blue Trust Inc. lifted its holdings in Infosys Limited (NYSE:INFY) by 61.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 76,065 shares of the technology company’s stock after buying an additional 28,880 shares during the quarter. Blue Trust Inc.’s holdings in Infosys were worth $1,694,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Mizuho Securities Co. Ltd. purchased a new stake in shares of Infosys during the 3rd quarter worth $33,000. Brooklyn Investment Group acquired a new stake in shares of Infosys in the fourth quarter valued at about $52,000. Wilmington Savings Fund Society FSB purchased a new stake in Infosys during the third quarter worth about $57,000. Whittier Trust Co. of Nevada Inc. grew its position in Infosys by 25.3% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 3,795 shares of the technology company’s stock worth $85,000 after buying an additional 766 shares during the period. Finally, GAMMA Investing LLC increased its holdings in Infosys by 34.3% in the third quarter. GAMMA Investing LLC now owns 3,936 shares of the technology company’s stock valued at $88,000 after buying an additional 1,005 shares in the last quarter. Institutional investors and hedge funds own 16.20% of the company’s stock.

Infosys Stock Performance

Shares of INFY opened at $21.53 on Tuesday. Infosys Limited has a 1 year low of $16.04 and a 1 year high of $23.63. The company’s 50 day simple moving average is $22.49 and its 200 day simple moving average is $22.28. The company has a market capitalization of $89.15 billion, a price-to-earnings ratio of 27.25, a PEG ratio of 3.54 and a beta of 1.00.

Infosys (NYSE:INFY) last posted its quarterly earnings data on Thursday, January 16th. The technology company reported $0.19 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.19. Infosys had a return on equity of 31.60% and a net margin of 17.28%. During the same quarter in the previous year, the business earned $0.18 EPS. Equities analysts expect that Infosys Limited will post 0.74 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

INFY has been the topic of a number of research reports. BMO Capital Markets upped their price target on Infosys from $23.00 to $25.00 and gave the stock a “market perform” rating in a report on Friday, October 18th. Hsbc Global Res raised Infosys from a “hold” rating to a “strong-buy” rating in a report on Monday, December 9th. HSBC upgraded shares of Infosys from a “hold” rating to a “buy” rating in a research report on Monday, December 9th. StockNews.com upgraded shares of Infosys from a “hold” rating to a “buy” rating in a report on Wednesday, January 22nd. Finally, Guggenheim reaffirmed a “neutral” rating on shares of Infosys in a report on Friday, January 17th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $20.22.

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.