Freedom Day Solutions LLC Buys 10,745 Shares of Infosys Limited (NYSE:INFY)

Freedom Day Solutions LLC grew its stake in Infosys Limited (NYSE:INFY) by 12.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 99,202 shares of the technology company’s stock after acquiring an additional 10,745 shares during the period. Freedom Day Solutions LLC’s holdings in Infosys were worth $2,175,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of INFY. Sierra Ocean LLC bought a new position in Infosys during the fourth quarter worth about $29,000. Mizuho Securities Co. Ltd. bought a new position in Infosys during the third quarter worth about $33,000. 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 position in Infosys during the third quarter worth about $57,000. Finally, Whittier Trust Co. of Nevada Inc. grew its holdings 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 purchasing an additional 766 shares during the period. Institutional investors own 16.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on INFY. HSBC upgraded Infosys from a “hold” rating to a “buy” rating in a report on Monday, December 9th. StockNews.com upgraded shares of Infosys from a “hold” rating to a “buy” rating in a research report on Wednesday, January 22nd. Guggenheim restated a “neutral” rating on shares of Infosys in a research report on Friday, January 17th. Finally, Hsbc Global Res upgraded shares of Infosys from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 9th. Two analysts have rated the stock with a sell rating, three have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Infosys currently has an average rating of “Hold” and an average price target of $20.22.

Infosys Trading Down 1.1 %

NYSE INFY opened at $21.18 on Thursday. Infosys Limited has a 1-year low of $16.04 and a 1-year high of $23.63. The company has a 50 day moving average of $22.22 and a 200-day moving average of $22.30. The company has a market cap of $87.74 billion, a price-to-earnings ratio of 26.81, a PEG ratio of 3.53 and a beta of 1.00.

Infosys (NYSE:INFY) last released its quarterly earnings results on Thursday, January 16th. The technology company reported $0.19 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.19. 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 business earned $0.18 earnings per share. On average, equities research analysts forecast that Infosys Limited will post 0.74 earnings per share for the current year.

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.