SVB Wealth LLC Buys New Shares in Infosys Limited (NYSE:INFY)

SVB Wealth LLC purchased a new position in Infosys Limited (NYSE:INFY) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 13,216 shares of the technology company’s stock, valued at approximately $290,000.

Other institutional investors also recently modified their holdings of the company. BHK Investment Advisors LLC grew its holdings in shares of Infosys by 2.3% in the 4th quarter. BHK Investment Advisors LLC now owns 22,785 shares of the technology company’s stock worth $499,000 after acquiring an additional 507 shares during the last quarter. Outlook Wealth Advisors LLC grew its holdings in shares of Infosys by 2.8% in the 4th quarter. Outlook Wealth Advisors LLC now owns 18,405 shares of the technology company’s stock worth $403,000 after acquiring an additional 508 shares during the last quarter. Canopy Partners LLC grew its holdings in shares of Infosys by 3.1% in the 3rd quarter. Canopy Partners LLC now owns 17,129 shares of the technology company’s stock worth $381,000 after acquiring an additional 522 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of Infosys by 14.2% in the 4th quarter. GAMMA Investing LLC now owns 4,496 shares of the technology company’s stock worth $99,000 after acquiring an additional 560 shares during the last quarter. Finally, Flagship Harbor Advisors LLC grew its holdings in shares of Infosys by 6.2% in the 4th quarter. Flagship Harbor Advisors LLC now owns 11,026 shares of the technology company’s stock worth $242,000 after acquiring an additional 641 shares during the last quarter. Institutional investors own 16.20% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on INFY. Guggenheim restated a “neutral” rating on shares of Infosys in a report on Friday, January 17th. Hsbc Global Res upgraded Infosys from a “hold” rating to a “strong-buy” rating in a report on Monday, December 9th. StockNews.com upgraded Infosys from a “hold” rating to a “buy” rating in a report on Wednesday, January 22nd. Finally, HSBC upgraded Infosys from a “hold” rating to a “buy” rating in a report on Monday, December 9th. 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. Based on data from MarketBeat.com, Infosys presently has a consensus rating of “Hold” and a consensus price target of $20.22.

Infosys Trading Up 1.8 %

INFY opened at $20.07 on Thursday. The stock has a market cap of $83.11 billion, a price-to-earnings ratio of 25.40, a PEG ratio of 3.50 and a beta of 1.00. Infosys Limited has a 1 year low of $16.04 and a 1 year high of $23.63. The stock has a fifty day moving average price of $21.71 and a 200 day moving average price of $22.24.

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. As a group, sell-side analysts forecast that Infosys Limited will post 0.74 earnings per share 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.