Proficio Capital Partners LLC Purchases New Shares in Infosys Limited (NYSE:INFY)

Proficio Capital Partners LLC acquired a new position in shares of Infosys Limited (NYSE:INFY) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 32,091 shares of the technology company’s stock, valued at approximately $703,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of INFY. Sierra Ocean LLC acquired a new position in shares of Infosys in the 4th quarter valued at approximately $29,000. Brooklyn Investment Group bought a new position in Infosys in the fourth quarter valued at approximately $52,000. Wilmington Savings Fund Society FSB acquired a new position in Infosys during the third quarter valued at approximately $57,000. GAMMA Investing LLC lifted its stake in Infosys by 14.2% during the fourth quarter. GAMMA Investing LLC now owns 4,496 shares of the technology company’s stock worth $99,000 after purchasing an additional 560 shares during the last quarter. Finally, Principal Securities Inc. boosted its holdings in shares of Infosys by 210.1% in the 4th quarter. Principal Securities Inc. now owns 4,822 shares of the technology company’s stock valued at $106,000 after purchasing an additional 3,267 shares in the last quarter. Institutional investors and hedge funds own 16.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on INFY shares. CLSA raised Infosys from a “hold” rating to an “outperform” rating in a research note on Friday, March 7th. Hsbc Global Res raised Infosys from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 9th. Guggenheim reaffirmed a “neutral” rating on shares of Infosys in a research note on Friday, January 17th. HSBC raised Infosys from a “hold” rating to a “buy” rating in a research note on Monday, December 9th. Finally, StockNews.com lowered Infosys from a “buy” rating to a “hold” rating in a research note on Thursday. 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 given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $19.70.

Infosys Stock Up 1.5 %

NYSE INFY opened at $18.34 on Friday. The company has a market cap of $75.96 billion, a price-to-earnings ratio of 23.21, a P/E/G ratio of 3.50 and a beta of 1.01. Infosys Limited has a 52 week low of $16.04 and a 52 week high of $23.81. The business has a 50 day moving average price of $20.81 and a 200-day moving average price of $21.90.

Infosys (NYSE:INFY) last released its quarterly earnings data on Thursday, January 16th. The technology company reported $0.19 EPS 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 quarter in the prior year, the business earned $0.18 earnings per share. On average, equities research analysts anticipate that Infosys Limited will post 0.74 earnings per share for the current year.

Infosys Company 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.