Infosys Limited (NYSE:INFY) Shares Purchased by Adero Partners LLC

Adero Partners LLC grew its position in shares of Infosys Limited (NYSE:INFY) by 44.1% during the 4th quarter, Holdings Channel reports. The firm owned 18,288 shares of the technology company’s stock after purchasing an additional 5,594 shares during the period. Adero Partners LLC’s holdings in Infosys were worth $401,000 at the end of the most recent reporting period.

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

Analyst Upgrades and Downgrades

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

Infosys Stock Down 0.4 %

Shares of NYSE:INFY opened at $22.29 on Thursday. Infosys Limited has a 12-month low of $16.04 and a 12-month high of $23.63. The firm has a market capitalization of $92.30 billion, a P/E ratio of 28.21, a price-to-earnings-growth ratio of 3.60 and a beta of 1.00. The firm has a fifty day moving average of $22.42 and a two-hundred day moving average of $22.33.

Infosys (NYSE:INFY) last released 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 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 earnings per share. Equities research analysts expect that Infosys Limited will post 0.74 earnings per share for the current fiscal 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.