Wealthstream Advisors Inc. Has $249,000 Position in Infosys Limited (NYSE:INFY)

Wealthstream Advisors Inc. lifted its stake in Infosys Limited (NYSE:INFY) by 9.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,354 shares of the technology company’s stock after acquiring an additional 1,009 shares during the quarter. Wealthstream Advisors Inc.’s holdings in Infosys were worth $249,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Robeco Institutional Asset Management B.V. increased its position in Infosys by 68.8% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 24,339,983 shares of the technology company’s stock worth $542,051,000 after purchasing an additional 9,923,744 shares during the last quarter. Victory Capital Management Inc. grew its stake in shares of Infosys by 6,071.1% in the 3rd quarter. Victory Capital Management Inc. now owns 4,739,830 shares of the technology company’s stock valued at $105,556,000 after buying an additional 4,663,023 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new position in Infosys in the third quarter worth approximately $36,039,000. Connor Clark & Lunn Investment Management Ltd. raised its position in Infosys by 186.3% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,186,685 shares of the technology company’s stock valued at $48,697,000 after acquiring an additional 1,422,814 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its stake in Infosys by 1,606.5% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,454,437 shares of the technology company’s stock valued at $32,143,000 after acquiring an additional 1,369,210 shares during the last quarter. 16.20% of the stock is owned by institutional investors and hedge funds.

Infosys Stock Performance

Infosys stock opened at $21.17 on Monday. Infosys Limited has a 52 week low of $16.04 and a 52 week high of $23.63. The firm has a market capitalization of $87.67 billion, a PE ratio of 26.79, a PEG ratio of 3.50 and a beta of 1.00. The business’s 50-day simple moving average is $22.13 and its 200-day simple moving average is $22.31.

Infosys (NYSE:INFY) last issued its quarterly earnings results on Thursday, January 16th. The technology company reported $0.19 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 period in the prior year, the company posted $0.18 EPS. Research analysts forecast that Infosys Limited will post 0.74 earnings per share for the current year.

Wall Street Analyst Weigh In

INFY has been the topic of several analyst reports. HSBC upgraded shares of Infosys from a “hold” rating to a “buy” rating in a research note on Monday, December 9th. StockNews.com upgraded Infosys from a “hold” rating to a “buy” rating in a report on Wednesday, January 22nd. Hsbc Global Res raised Infosys from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 9th. Finally, Guggenheim reissued 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 given a hold rating, five have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Infosys has an average rating of “Hold” and an average price target of $20.22.

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.