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

Americana Partners LLC boosted its stake in Infosys Limited (NYSE:INFY) by 42.0% in the 4th quarter, Holdings Channel reports. The firm owned 19,482 shares of the technology company’s stock after buying an additional 5,759 shares during the quarter. Americana Partners LLC’s holdings in Infosys were worth $427,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. SG Americas Securities LLC acquired a new stake in Infosys in the 4th quarter valued at $311,000. International Assets Investment Management LLC acquired a new stake in shares of Infosys during the third quarter valued at about $16,560,000. Haven Global Partners LLC acquired a new stake in shares of Infosys during the fourth quarter valued at about $4,078,000. Nomura Asset Management Co. Ltd. grew its stake in shares of Infosys by 22.5% during the third quarter. Nomura Asset Management Co. Ltd. now owns 670,907 shares of the technology company’s stock valued at $14,941,000 after acquiring an additional 123,083 shares in the last quarter. Finally, Barclays PLC grew its stake in shares of Infosys by 11.8% during the third quarter. Barclays PLC now owns 2,523,605 shares of the technology company’s stock valued at $56,200,000 after acquiring an additional 266,902 shares in the last quarter. 16.20% of the stock is currently owned by institutional investors and hedge funds.

Infosys Trading Down 0.7 %

INFY opened at $21.42 on Wednesday. The business’s 50 day moving average is $22.30 and its 200-day moving average is $22.31. The stock has a market cap of $88.70 billion, a PE ratio of 27.11, a price-to-earnings-growth ratio of 3.64 and a beta of 1.00. Infosys Limited has a twelve month low of $16.04 and a twelve month 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 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 firm earned $0.18 EPS. As a group, analysts forecast that Infosys Limited will post 0.74 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on INFY. Hsbc Global Res upgraded Infosys from a “hold” rating to a “strong-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 note on Wednesday, January 22nd. Guggenheim reaffirmed a “neutral” rating on shares of Infosys in a research report on Friday, January 17th. Finally, HSBC raised shares of Infosys from a “hold” rating to a “buy” rating in a research report on Monday, December 9th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $20.22.

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.