Synovus Financial Corp Boosts Stake in Infosys Limited (NYSE:INFY)

Synovus Financial Corp boosted its position in shares of Infosys Limited (NYSE:INFY) by 1.5% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 137,022 shares of the technology company’s stock after acquiring an additional 2,070 shares during the quarter. Synovus Financial Corp’s holdings in Infosys were worth $3,004,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. SG Americas Securities LLC acquired a new stake in Infosys during the 4th quarter worth $311,000. Jones Financial Companies Lllp grew its holdings in shares of Infosys by 15.9% during the fourth quarter. Jones Financial Companies Lllp now owns 7,520 shares of the technology company’s stock worth $165,000 after buying an additional 1,030 shares during the last quarter. Haven Global Partners LLC acquired a new position in Infosys in the 4th quarter valued at about $4,078,000. Barclays PLC raised its stake in Infosys by 11.8% during the 3rd quarter. Barclays PLC now owns 2,523,605 shares of the technology company’s stock valued at $56,200,000 after acquiring an additional 266,902 shares during the last quarter. Finally, Farther Finance Advisors LLC lifted its position in Infosys by 69.7% during the 4th quarter. Farther Finance Advisors LLC now owns 3,115 shares of the technology company’s stock worth $68,000 after acquiring an additional 1,279 shares during the period. Hedge funds and other institutional investors own 16.20% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on INFY shares. StockNews.com cut Infosys from a “buy” rating to a “hold” rating in a research note on Tuesday. Susquehanna raised shares of Infosys from a “negative” rating to a “neutral” rating and set a $17.00 target price on the stock in a report on Monday. CLSA raised Infosys from a “hold” rating to an “outperform” rating in a report on Friday, March 7th. Finally, Guggenheim reissued a “neutral” rating on shares of Infosys in a research note on Friday, January 17th. One analyst has rated the stock with a sell rating, five have given a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Infosys currently has a consensus rating of “Hold” and an average target price of $20.70.

Infosys Trading Up 0.7 %

Shares of INFY opened at $16.99 on Tuesday. The firm’s 50-day moving average is $19.29 and its two-hundred day moving average is $21.25. Infosys Limited has a twelve month low of $16.04 and a twelve month high of $23.63. The firm has a market capitalization of $70.37 billion, a P/E ratio of 21.51, a PEG ratio of 3.50 and a beta of 0.97.

Infosys (NYSE:INFY) last released 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 return on equity of 31.60% and a net margin of 17.28%. During the same period in the prior year, the company posted $0.18 earnings per share. 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.