Federated Hermes Inc. grew its position in Infosys Limited (NYSE:INFY – Free Report) by 24.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 467,207 shares of the technology company’s stock after buying an additional 92,458 shares during the quarter. Federated Hermes Inc.’s holdings in Infosys were worth $8,699,000 at the end of the most recent reporting period.
Other hedge funds have also made changes to their positions in the company. GAMMA Investing LLC lifted its stake in shares of Infosys by 33.0% during the 1st quarter. GAMMA Investing LLC now owns 2,390 shares of the technology company’s stock worth $43,000 after purchasing an additional 593 shares during the last quarter. Hilltop National Bank lifted its stake in shares of Infosys by 50.8% during the 2nd quarter. Hilltop National Bank now owns 2,979 shares of the technology company’s stock worth $55,000 after purchasing an additional 1,004 shares during the last quarter. Jones Financial Companies Lllp purchased a new stake in shares of Infosys during the 4th quarter worth $56,000. Whittier Trust Co. of Nevada Inc. lifted its stake in shares of Infosys by 126.7% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 3,029 shares of the technology company’s stock worth $56,000 after purchasing an additional 1,693 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its stake in shares of Infosys by 113.4% during the 4th quarter. EverSource Wealth Advisors LLC now owns 3,130 shares of the technology company’s stock worth $58,000 after purchasing an additional 1,663 shares during the last quarter. 10.89% of the stock is currently owned by hedge funds and other institutional investors.
Infosys Stock Performance
Shares of INFY stock opened at $22.97 on Wednesday. The stock’s 50-day simple moving average is $22.06 and its 200-day simple moving average is $19.34. The firm has a market capitalization of $95.09 billion, a PE ratio of 30.22, a P/E/G ratio of 3.63 and a beta of 0.99. Infosys Limited has a fifty-two week low of $16.04 and a fifty-two week high of $23.48.
Wall Street Analyst Weigh In
INFY has been the subject of a number of analyst reports. Erste Group Bank upgraded Infosys from a “hold” rating to a “buy” rating in a research note on Wednesday, September 11th. StockNews.com upgraded Infosys from a “hold” rating to a “buy” rating in a research note on Friday, September 13th. Finally, Macquarie raised Infosys from an “underperform” rating to a “neutral” rating in a research report on Friday, July 19th. One research analyst has rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $19.27.
Get Our Latest Stock Analysis on INFY
About Infosys
Infosys Limited, together with its subsidiaries, provides consulting, technology, outsourcing, and next-generation digital services in North America, Europe, India, and internationally. It provides digital marketing and digital workplace, digital commerce, digital experience and interactions, metaverse, data analytics and AI, applied AI, generative AI, sustainability, blockchain, engineering, Internet of Things, enterprise agile DevOps, application modernization, cloud, digital process automation, digital supply chain, Microsoft business application and cloud business, service experience transformation, energy transition, cyber security, and quality engineering solutions; Oracle, SAP, and Saleforce solutions; API economy and microservices; and Topaz, an AI-first set of services, solutions, and platforms using generative AI technologies.
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