Personal CFO Solutions LLC Invests $215,000 in Infosys Limited (NYSE:INFY)

Personal CFO Solutions LLC acquired a new position in Infosys Limited (NYSE:INFY) during the 4th quarter, Holdings Channel.com reports. The institutional investor acquired 9,794 shares of the technology company’s stock, valued at approximately $215,000.

Several other institutional investors have also recently made changes to their positions in the stock. BHK Investment Advisors LLC raised its stake in shares of Infosys by 2.3% in the fourth quarter. BHK Investment Advisors LLC now owns 22,785 shares of the technology company’s stock worth $499,000 after buying an additional 507 shares during the period. Outlook Wealth Advisors LLC raised its stake in shares of Infosys by 2.8% in the fourth quarter. Outlook Wealth Advisors LLC now owns 18,405 shares of the technology company’s stock worth $403,000 after buying an additional 508 shares during the period. Canopy Partners LLC raised its stake in Infosys by 3.1% during the 3rd quarter. Canopy Partners LLC now owns 17,129 shares of the technology company’s stock valued at $381,000 after purchasing an additional 522 shares during the period. GAMMA Investing LLC raised its stake in Infosys by 14.2% during the 4th 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 period. Finally, Flagship Harbor Advisors LLC raised its stake in Infosys by 6.2% during the 4th quarter. Flagship Harbor Advisors LLC now owns 11,026 shares of the technology company’s stock valued at $242,000 after purchasing an additional 641 shares during the period. Institutional investors own 16.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on INFY shares. CLSA raised Infosys from a “hold” rating to an “outperform” rating in a research note on Friday, March 7th. Guggenheim reissued a “neutral” rating on shares of Infosys in a research note on Friday, January 17th. HSBC raised Infosys from a “hold” rating to a “buy” rating in a research note on Monday, December 9th. StockNews.com downgraded Infosys from a “buy” rating to a “hold” rating in a research note on Monday. Finally, Hsbc Global Res raised Infosys from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 9th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $20.22.

Infosys Price Performance

NYSE INFY opened at $18.99 on Wednesday. The stock has a market capitalization of $78.67 billion, a PE ratio of 24.04, a P/E/G ratio of 3.50 and a beta of 1.01. The business has a 50 day simple moving average of $21.49 and a two-hundred day simple moving average of $22.15. Infosys Limited has a 1-year low of $16.04 and a 1-year high of $23.63.

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 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 quarter in the previous year, the firm posted $0.18 earnings per share. On average, analysts anticipate that Infosys Limited will post 0.74 EPS for the current fiscal year.

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.