Signaturefd LLC Increases Stock Position in Infosys Limited (NYSE:INFY)

Signaturefd LLC increased its position in shares of Infosys Limited (NYSE:INFY) by 2.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 89,260 shares of the technology company’s stock after buying an additional 1,776 shares during the period. Signaturefd LLC’s holdings in Infosys were worth $1,957,000 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 INFY. Natixis Advisors LLC lifted its stake in shares of Infosys by 63.5% in the third quarter. Natixis Advisors LLC now owns 266,942 shares of the technology company’s stock worth $5,945,000 after acquiring an additional 103,659 shares in the last quarter. Adero Partners LLC acquired a new position in shares of Infosys in the 3rd quarter valued at approximately $283,000. Thrivent Financial for Lutherans boosted its stake in shares of Infosys by 495.2% during the 3rd quarter. Thrivent Financial for Lutherans now owns 154,395 shares of the technology company’s stock valued at $3,438,000 after buying an additional 128,457 shares during the last quarter. Pathstone Holdings LLC boosted its stake in shares of Infosys by 3.7% during the 3rd quarter. Pathstone Holdings LLC now owns 129,321 shares of the technology company’s stock valued at $2,880,000 after buying an additional 4,587 shares during the last quarter. Finally, Caprock Group LLC increased its stake in shares of Infosys by 1.1% in the third quarter. Caprock Group LLC now owns 63,593 shares of the technology company’s stock worth $1,416,000 after buying an additional 720 shares during the last quarter. Institutional investors and hedge funds own 16.20% of the company’s stock.

Analyst Ratings Changes

INFY has been the topic of several recent analyst reports. CLSA raised shares of Infosys from a “hold” rating to an “outperform” rating in a report on Friday, March 7th. HSBC raised shares of Infosys from a “hold” rating to a “buy” rating in a research report on Monday, December 9th. Guggenheim reissued a “neutral” rating on shares of Infosys in a report on Friday, January 17th. Hsbc Global Res raised Infosys from a “hold” rating to a “strong-buy” rating in a report on Monday, December 9th. Finally, StockNews.com lowered Infosys from a “buy” rating to a “hold” rating in a research report on Monday, March 10th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Infosys currently has a consensus rating of “Hold” and a consensus price target of $19.78.

Infosys Trading Up 1.0 %

NYSE INFY opened at $18.59 on Tuesday. The company has a 50-day moving average price of $21.16 and a two-hundred day moving average price of $22.03. Infosys Limited has a 52 week low of $16.04 and a 52 week high of $23.81. The stock has a market cap of $76.98 billion, a price-to-earnings ratio of 23.53, a price-to-earnings-growth ratio of 3.50 and a beta of 1.01.

Infosys (NYSE:INFY) last posted its earnings results on Thursday, January 16th. The technology company reported $0.19 EPS 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 period in the previous year, the company posted $0.18 EPS. As a group, equities research analysts expect that Infosys Limited will post 0.74 earnings per share for the current fiscal 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.