Infosys Limited (NYSE:INFY) Position Increased by Geneos Wealth Management Inc.

Geneos Wealth Management Inc. lifted its position in Infosys Limited (NYSE:INFY) by 1.4% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 47,919 shares of the technology company’s stock after acquiring an additional 682 shares during the quarter. Geneos Wealth Management Inc.’s holdings in Infosys were worth $1,050,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in INFY. DGS Capital Management LLC lifted its holdings in shares of Infosys by 18.7% in the fourth quarter. DGS Capital Management LLC now owns 74,998 shares of the technology company’s stock valued at $1,644,000 after purchasing an additional 11,789 shares in the last quarter. SG Americas Securities LLC acquired a new position in Infosys in the fourth quarter worth approximately $311,000. Simon Quick Advisors LLC increased its stake in shares of Infosys by 10.5% during the 4th quarter. Simon Quick Advisors LLC now owns 10,657 shares of the technology company’s stock worth $234,000 after purchasing an additional 1,014 shares during the last quarter. Atomi Financial Group Inc. raised its holdings in Infosys by 1.7% during the fourth quarter. Atomi Financial Group Inc. now owns 38,263 shares of the technology company’s stock valued at $839,000 after buying an additional 655 shares in the last quarter. Finally, Perpetual Ltd raised its stake in shares of Infosys by 20.3% in the 4th quarter. Perpetual Ltd now owns 681,729 shares of the technology company’s stock valued at $14,944,000 after acquiring an additional 115,068 shares in the last quarter. Institutional investors and hedge funds own 16.20% of the company’s stock.

Infosys Stock Performance

Infosys stock opened at $21.53 on Tuesday. The business’s fifty day moving average is $22.49 and its two-hundred day moving average is $22.28. Infosys Limited has a 52 week low of $16.04 and a 52 week high of $23.63. The firm has a market cap of $89.15 billion, a P/E ratio of 27.25, a P/E/G ratio of 3.54 and a beta of 1.00.

Infosys (NYSE:INFY) last issued its quarterly earnings data on Thursday, January 16th. The technology company reported $0.19 EPS for the quarter, hitting 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 quarter last year, the company posted $0.18 EPS. On average, equities research analysts predict that Infosys Limited will post 0.74 earnings per share for the current year.

Analyst Ratings Changes

Several research firms recently issued reports on INFY. Investec downgraded shares of Infosys from a “hold” rating to a “sell” rating in a report on Thursday, October 3rd. BMO Capital Markets boosted their price objective on Infosys from $23.00 to $25.00 and gave the company a “market perform” rating in a research report on Friday, October 18th. HSBC raised 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 research report on Wednesday, January 22nd. Finally, Hsbc Global Res raised Infosys from a “hold” rating to a “strong-buy” rating in a report on Monday, December 9th. Two research analysts have rated the stock with a sell rating, three have issued 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, the company has an average rating of “Hold” and an average target price of $20.22.

About Infosys

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.