Infosys Limited (NYSE:INFY) Shares Bought by Jump Financial LLC

Jump Financial LLC boosted its holdings in shares of Infosys Limited (NYSE:INFY) by 7.0% in the 4th quarter, Holdings Channel reports. The firm owned 168,726 shares of the technology company’s stock after buying an additional 11,057 shares during the period. Jump Financial LLC’s holdings in Infosys were worth $3,698,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in INFY. Sierra Ocean LLC acquired a new stake in shares of Infosys during the 4th quarter valued at $29,000. Brooklyn Investment Group acquired a new stake in shares of Infosys during the fourth quarter worth $52,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Infosys during the third quarter valued at $57,000. Farther Finance Advisors LLC increased its stake in Infosys by 69.7% in the 4th quarter. Farther Finance Advisors LLC now owns 3,115 shares of the technology company’s stock worth $68,000 after purchasing an additional 1,279 shares in the last quarter. Finally, GAMMA Investing LLC raised its holdings in Infosys by 14.2% during the 4th quarter. GAMMA Investing LLC now owns 4,496 shares of the technology company’s stock worth $99,000 after buying an additional 560 shares during the period. 16.20% of the stock is currently owned by institutional investors.

Infosys Trading Down 2.7 %

Shares of INFY stock opened at $16.14 on Friday. The company has a market capitalization of $66.84 billion, a P/E ratio of 20.43, a P/E/G ratio of 3.50 and a beta of 0.97. Infosys Limited has a 12 month low of $15.82 and a 12 month high of $23.63. The stock has a 50 day moving average of $18.97 and a two-hundred day moving average of $21.15.

Infosys (NYSE:INFY) last announced its quarterly earnings results on Thursday, April 17th. The technology company reported $0.20 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.01. Infosys had a net margin of 17.28% and a return on equity of 31.60%. The firm had revenue of $4.79 billion during the quarter, compared to analysts’ expectations of $420.69 billion. During the same quarter last year, the company earned $0.23 earnings per share. Sell-side analysts predict that Infosys Limited will post 0.74 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently commented on INFY shares. StockNews.com downgraded shares of Infosys from a “buy” rating to a “hold” rating in a research report on Tuesday. Guggenheim reissued a “neutral” rating on shares of Infosys in a research report on Friday, January 17th. CLSA raised Infosys from a “hold” rating to an “outperform” rating in a research note on Friday, March 7th. Susquehanna upgraded shares of Infosys from a “negative” rating to a “neutral” rating and set a $17.00 price target for the company in a report on Monday. Finally, Stifel Nicolaus lowered their price target on shares of Infosys from $22.00 to $18.00 and set a “hold” rating on the stock in a report on Tuesday. One research analyst has rated the stock with a sell rating, six have given a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $20.03.

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.