Madison Investment Advisors LLC Takes $3.08 Million Position in Infosys Limited (NYSE:INFY)

Madison Investment Advisors LLC bought a new stake in shares of Infosys Limited (NYSE:INFY) during the 4th quarter, according to its most recent filing with the SEC. The fund bought 140,495 shares of the technology company’s stock, valued at approximately $3,080,000.

Other institutional investors have also made changes to their positions in the company. Sierra Ocean LLC acquired a new stake in shares of Infosys during the 4th quarter valued at about $29,000. Brooklyn Investment Group acquired a new stake in shares of Infosys during the 4th quarter valued at about $52,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Infosys during the 3rd quarter valued at about $57,000. Farther Finance Advisors LLC boosted its position in shares of Infosys by 69.7% during the 4th quarter. Farther Finance Advisors LLC now owns 3,115 shares of the technology company’s stock valued at $68,000 after acquiring an additional 1,279 shares in the last quarter. Finally, GAMMA Investing LLC boosted its position in shares of Infosys by 14.2% during the 4th quarter. GAMMA Investing LLC now owns 4,496 shares of the technology company’s stock valued at $99,000 after acquiring an additional 560 shares in the last quarter. 16.20% of the stock is currently owned by institutional investors and hedge funds.

Infosys Trading Up 1.5 %

Shares of INFY stock opened at $18.34 on Friday. Infosys Limited has a 1 year low of $16.04 and a 1 year high of $23.81. The firm’s 50 day moving average is $20.81 and its 200-day moving average is $21.91. The firm has a market capitalization of $75.96 billion, a price-to-earnings ratio of 23.21, a PEG ratio of 3.50 and a beta of 1.01.

Infosys (NYSE:INFY) last announced its earnings results on Thursday, January 16th. The technology company reported $0.19 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.19. Infosys had a net margin of 17.28% and a return on equity of 31.60%. During the same quarter last year, the business earned $0.18 EPS. On average, equities research analysts forecast that Infosys Limited will post 0.74 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on INFY shares. StockNews.com lowered shares of Infosys from a “buy” rating to a “hold” rating in a research report on Thursday. CLSA upgraded shares of Infosys from a “hold” rating to an “outperform” rating in a research report on Friday, March 7th. Guggenheim restated a “neutral” rating on shares of Infosys in a research report 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 equities research analysts have rated the stock with a sell rating, four have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $19.70.

Infosys 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.