Orion Portfolio Solutions LLC Buys 35,912 Shares of Infosys Limited (NYSE:INFY)

Orion Portfolio Solutions LLC lifted its stake in shares of Infosys Limited (NYSE:INFY) by 123.2% in the fourth quarter, Holdings Channel.com reports. The fund owned 65,060 shares of the technology company’s stock after acquiring an additional 35,912 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in Infosys were worth $1,426,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Sierra Ocean LLC bought a new stake in shares of Infosys in the 4th quarter valued at $29,000. Brooklyn Investment Group acquired a new stake in Infosys in the fourth quarter worth $52,000. Wilmington Savings Fund Society FSB bought a new stake in Infosys in the third quarter valued at $57,000. Farther Finance Advisors LLC raised its holdings in shares of Infosys by 69.7% during the fourth quarter. Farther Finance Advisors LLC now owns 3,115 shares of the technology company’s stock valued at $68,000 after purchasing an additional 1,279 shares during the period. 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 worth $99,000 after purchasing an additional 560 shares in the last quarter. 16.20% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Hsbc Global Res upgraded Infosys from a “hold” rating to a “strong-buy” rating in a report on Monday, December 9th. StockNews.com downgraded shares of Infosys from a “buy” rating to a “hold” rating in a report on Thursday, March 20th. HSBC raised shares of Infosys from a “hold” rating to a “buy” rating in a research note on Monday, December 9th. CLSA upgraded shares of Infosys from a “hold” rating to an “outperform” rating in a report on Friday, March 7th. Finally, Guggenheim reaffirmed a “neutral” rating on shares of Infosys in a research report on Friday, January 17th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $19.70.

Infosys Price Performance

INFY stock opened at $17.34 on Friday. The firm has a 50 day simple moving average of $20.18 and a two-hundred day simple moving average of $21.62. The stock has a market cap of $71.80 billion, a PE ratio of 21.94, a P/E/G ratio of 3.50 and a beta of 1.01. Infosys Limited has a one year low of $16.04 and a one year high of $23.63.

Infosys (NYSE:INFY) last announced its quarterly earnings data 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 business posted $0.18 EPS. On average, research analysts expect that Infosys Limited will post 0.74 EPS for the current fiscal 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.