Sequoia Financial Advisors LLC Has $1.70 Million Position in Infosys Limited (NYSE:INFY)

Sequoia Financial Advisors LLC boosted its position in Infosys Limited (NYSE:INFY) by 2.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 77,691 shares of the technology company’s stock after buying an additional 1,860 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Infosys were worth $1,703,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Sierra Ocean LLC acquired a new position in shares of Infosys during the 4th quarter worth about $29,000. Brooklyn Investment Group acquired a new stake in Infosys during the 4th quarter valued at $52,000. Wilmington Savings Fund Society FSB bought a new position in Infosys during the third quarter worth $57,000. GAMMA Investing LLC increased 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 during the last quarter. Finally, Principal Securities Inc. raised its position in shares of Infosys by 210.1% in the fourth quarter. Principal Securities Inc. now owns 4,822 shares of the technology company’s stock valued at $106,000 after purchasing an additional 3,267 shares during the period. Institutional investors and hedge funds own 16.20% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. HSBC raised shares of Infosys from a “hold” rating to a “buy” rating in a report on Monday, December 9th. Guggenheim reaffirmed a “neutral” rating on shares of Infosys in a research report on Friday, January 17th. StockNews.com downgraded Infosys from a “buy” rating to a “hold” rating in a research note on Monday, March 10th. CLSA upgraded Infosys from a “hold” rating to an “outperform” rating in a research report on Friday, March 7th. Finally, Hsbc Global Res raised 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, four have given a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $19.78.

Infosys Stock Up 0.6 %

Shares of Infosys stock opened at $18.41 on Friday. The firm’s 50-day moving average price is $21.25 and its two-hundred day moving average price is $22.07. The company has a market capitalization of $76.24 billion, a price-to-earnings ratio of 23.30, a PEG ratio of 3.50 and a beta of 1.01. Infosys Limited has a 12-month low of $16.04 and a 12-month high of $23.63.

Infosys (NYSE:INFY) last announced its quarterly earnings data on Thursday, January 16th. The technology company reported $0.19 earnings per share (EPS) 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 previous year, the business earned $0.18 EPS. On average, sell-side analysts expect 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.