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

Adero Partners LLC increased its position in shares of Infosys Limited (NYSE:INFY) by 44.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 18,288 shares of the technology company’s stock after buying 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 institutional investors have also recently added to or reduced their stakes in the company. Outlook Wealth Advisors LLC increased its position in shares of Infosys by 2.8% during the fourth 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 increased its holdings in Infosys by 3.1% during the 3rd quarter. Canopy Partners LLC now owns 17,129 shares of the technology company’s stock worth $381,000 after purchasing an additional 522 shares during the last quarter. GAMMA Investing LLC increased its holdings in Infosys by 14.2% during the 4th quarter. GAMMA Investing LLC now owns 4,496 shares of the technology company’s stock worth $99,000 after purchasing an additional 560 shares during the last quarter. Flagship Harbor Advisors LLC raised its position 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 valued at $242,000 after purchasing an additional 641 shares in the last quarter. Finally, Modera Wealth Management LLC boosted its stake in shares of Infosys by 0.4% during the 3rd quarter. Modera Wealth Management LLC now owns 183,028 shares of the technology company’s stock valued at $4,076,000 after buying an additional 653 shares during the last quarter. Institutional investors and hedge funds own 16.20% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on INFY shares. StockNews.com raised shares of Infosys from a “hold” rating to a “buy” rating in a report on Wednesday, January 22nd. Hsbc Global Res upgraded shares of Infosys from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 9th. BMO Capital Markets increased their price target on shares of Infosys from $23.00 to $25.00 and gave the stock a “market perform” rating in a research report on Friday, October 18th. Guggenheim reissued a “neutral” rating on shares of Infosys in a report on Friday, January 17th. Finally, HSBC raised Infosys from a “hold” rating to a “buy” rating in a report on Monday, December 9th. Two research analysts have rated the stock with a sell rating, three have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $20.22.

Infosys Stock Down 0.4 %

Shares of NYSE INFY opened at $22.29 on Thursday. The stock has a market capitalization of $92.30 billion, a P/E ratio of 28.21, a P/E/G ratio of 3.60 and a beta of 1.00. Infosys Limited has a 52-week low of $16.04 and a 52-week high of $23.63. The firm’s 50-day moving average price is $22.42 and its two-hundred day moving average price is $22.33.

Infosys (NYSE:INFY) last issued its quarterly earnings data 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 net margin of 17.28% and a return on equity of 31.60%. During the same period in the prior year, the firm posted $0.18 EPS. As a group, equities research analysts expect that Infosys Limited will post 0.74 earnings per share for the current year.

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.