SG Americas Securities LLC Acquires Shares of 14,174 Infosys Limited (NYSE:INFY)

SG Americas Securities LLC bought a new position in shares of Infosys Limited (NYSE:INFY) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 14,174 shares of the technology company’s stock, valued at approximately $311,000.

Several other institutional investors also recently bought and sold shares of INFY. Outlook Wealth Advisors LLC boosted its stake in Infosys by 2.8% during the fourth quarter. Outlook Wealth Advisors LLC now owns 18,405 shares of the technology company’s stock valued at $403,000 after buying an additional 508 shares during the last quarter. Canopy Partners LLC boosted its position in shares of Infosys by 3.1% during the 3rd quarter. Canopy Partners LLC now owns 17,129 shares of the technology company’s stock valued at $381,000 after acquiring an additional 522 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of 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 purchasing an additional 560 shares in the last quarter. Modera Wealth Management LLC increased its position in Infosys by 0.4% in the third quarter. Modera Wealth Management LLC now owns 183,028 shares of the technology company’s stock worth $4,076,000 after purchasing an additional 653 shares during the last quarter. Finally, Atomi Financial Group Inc. raised its stake in Infosys by 1.7% during the fourth quarter. Atomi Financial Group Inc. now owns 38,263 shares of the technology company’s stock valued at $839,000 after purchasing an additional 655 shares in the last quarter. 16.20% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on INFY shares. Hsbc Global Res upgraded Infosys from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 9th. Guggenheim reiterated a “neutral” rating on shares of Infosys in a report on Friday, January 17th. StockNews.com upgraded Infosys from a “hold” rating to a “buy” rating in a report on Wednesday, January 22nd. BMO Capital Markets lifted their price objective on shares of Infosys from $23.00 to $25.00 and gave the stock a “market perform” rating in a research note on Friday, October 18th. Finally, HSBC raised shares of Infosys from a “hold” rating to a “buy” rating in a research note on Monday, December 9th. Two research analysts have rated the stock with a sell rating, three have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $20.22.

Infosys Stock Up 1.8 %

INFY opened at $22.38 on Wednesday. The company has a market cap of $92.70 billion, a price-to-earnings ratio of 28.33, a PEG ratio of 3.60 and a beta of 1.00. Infosys Limited has a 52-week low of $16.04 and a 52-week high of $23.63. The firm’s fifty day simple moving average is $22.44 and its two-hundred day simple moving average is $22.33.

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 the consensus estimate of $0.19. Infosys had a net margin of 17.28% and a return on equity of 31.60%. During the same quarter in the previous year, the firm posted $0.18 EPS. On average, research analysts forecast 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.