Infosys Limited (NYSE:INFY) Shares Bought by Naviter Wealth LLC

Naviter Wealth LLC grew its stake in shares of Infosys Limited (NYSE:INFY) by 11.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 89,947 shares of the technology company’s stock after purchasing an additional 9,301 shares during the quarter. Naviter Wealth LLC’s holdings in Infosys were worth $1,972,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. QRG Capital Management Inc. increased its holdings in shares of Infosys by 32.5% in the 3rd quarter. QRG Capital Management Inc. now owns 52,946 shares of the technology company’s stock valued at $1,179,000 after acquiring an additional 12,991 shares during the period. Advisor Resource Council acquired a new position in shares of Infosys in the 3rd quarter valued at $202,000. Summit Global Investments increased its holdings in shares of Infosys by 29.9% in the 3rd quarter. Summit Global Investments now owns 127,655 shares of the technology company’s stock valued at $2,843,000 after acquiring an additional 29,375 shares during the period. Assetmark Inc. increased its holdings in shares of Infosys by 37.4% in the 3rd quarter. Assetmark Inc. now owns 25,963 shares of the technology company’s stock valued at $578,000 after acquiring an additional 7,066 shares during the period. Finally, Crossmark Global Holdings Inc. increased its holdings in shares of Infosys by 41.1% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 223,907 shares of the technology company’s stock valued at $4,986,000 after acquiring an additional 65,189 shares during the period. Institutional investors and hedge funds own 16.20% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. CLSA raised shares of Infosys from a “hold” rating to an “outperform” rating in a report on Friday. StockNews.com raised shares of Infosys from a “hold” rating to a “buy” rating in a report on Wednesday, January 22nd. Guggenheim reissued a “neutral” rating on shares of Infosys in a research note on Friday, January 17th. HSBC upgraded shares of Infosys from a “hold” rating to a “buy” rating in a research report on Monday, December 9th. Finally, Hsbc Global Res upgraded shares of Infosys from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 9th. Two analysts have rated the stock with a sell rating, three have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $20.22.

Infosys Trading Up 0.4 %

Shares of INFY opened at $19.84 on Friday. The stock’s 50 day moving average is $21.60 and its two-hundred day moving average is $22.20. The firm has a market capitalization of $82.17 billion, a PE ratio of 25.11, a P/E/G ratio of 3.50 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 announced its quarterly earnings results on Thursday, January 16th. The technology company reported $0.19 EPS for the quarter, hitting 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 last year, the business posted $0.18 EPS. On average, sell-side analysts predict that Infosys Limited will post 0.74 EPS for the current 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.