AdvisorShares Investments LLC Invests $552,000 in Infosys Limited (NYSE:INFY)

AdvisorShares Investments LLC acquired a new position in Infosys Limited (NYSE:INFY) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 25,190 shares of the technology company’s stock, valued at approximately $552,000.

Several other large investors have also recently bought and sold shares of INFY. Sierra Ocean LLC bought a new position in Infosys during the fourth quarter valued at about $29,000. Brooklyn Investment Group acquired a new stake in Infosys during the fourth quarter worth $52,000. Wilmington Savings Fund Society FSB bought a new position in shares of Infosys during the 3rd quarter worth 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 increased its stake in Infosys by 14.2% in the fourth 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 during the period. 16.20% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

INFY has been the subject of a number of recent research reports. BMO Capital Markets dropped their target price on Infosys from $25.00 to $18.00 and set a “market perform” rating for the company in a report on Monday, April 21st. Guggenheim reissued a “neutral” rating on shares of Infosys in a report on Friday, January 17th. CLSA raised shares of Infosys from a “hold” rating to an “outperform” rating in a report on Friday, March 7th. Susquehanna upgraded shares of Infosys from a “negative” rating to a “neutral” rating and set a $17.00 price target on the stock in a research report on Monday, April 14th. Finally, Investec raised shares of Infosys from a “sell” rating to a “buy” rating in a report on Friday, April 18th. Seven equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Infosys currently has a consensus rating of “Moderate Buy” and a consensus target price of $17.48.

Infosys Stock Performance

NYSE:INFY opened at $17.34 on Tuesday. The stock’s 50-day simple moving average is $18.33 and its 200 day simple moving average is $20.84. The company has a market cap of $71.82 billion, a P/E ratio of 21.95, a P/E/G ratio of 3.50 and a beta of 0.97. Infosys Limited has a 52-week low of $15.82 and a 52-week high of $23.63.

Infosys (NYSE:INFY) last released its quarterly earnings data on Thursday, April 17th. The technology company reported $0.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.01. The company had revenue of $4.79 billion during the quarter, compared to analysts’ expectations of $420.69 billion. Infosys had a return on equity of 31.60% and a net margin of 17.28%. During the same period last year, the firm posted $0.23 earnings per share. As a group, equities analysts predict that Infosys Limited will post 0.74 earnings per share 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.