Infosys Limited (NYSE:INFY) Shares Bought by Kestra Private Wealth Services LLC

Kestra Private Wealth Services LLC lifted its stake in shares of Infosys Limited (NYSE:INFY) by 3.3% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 54,564 shares of the technology company’s stock after acquiring an additional 1,755 shares during the period. Kestra Private Wealth Services LLC’s holdings in Infosys were worth $1,196,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of INFY. SG Americas Securities LLC acquired a new stake in Infosys during the 4th quarter valued at $311,000. International Assets Investment Management LLC acquired a new stake in shares of Infosys during the third quarter valued at about $16,560,000. Haven Global Partners LLC acquired a new position in shares of Infosys in the fourth quarter worth about $4,078,000. Nomura Asset Management Co. Ltd. boosted its stake in shares of Infosys by 22.5% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 670,907 shares of the technology company’s stock valued at $14,941,000 after buying an additional 123,083 shares during the last quarter. Finally, Barclays PLC boosted its stake in Infosys by 11.8% during the 3rd quarter. Barclays PLC now owns 2,523,605 shares of the technology company’s stock valued at $56,200,000 after acquiring an additional 266,902 shares during the last quarter. 16.20% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently issued reports on INFY shares. StockNews.com raised Infosys from a “hold” rating to a “buy” rating in a research report on Wednesday, January 22nd. HSBC upgraded shares of Infosys from a “hold” rating to a “buy” rating in a research report on Monday, December 9th. Guggenheim reaffirmed a “neutral” rating on shares of Infosys in a report on Friday, January 17th. 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 Global Res upgraded shares of Infosys from a “hold” rating to a “strong-buy” rating in a report on Monday, December 9th. Two equities 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 assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $20.22.

Infosys Stock Performance

Infosys stock opened at $21.75 on Thursday. Infosys Limited has a twelve month low of $16.04 and a twelve month high of $23.63. The firm’s 50 day moving average price is $22.39 and its two-hundred day moving average price is $22.33. The firm has a market cap of $90.09 billion, a PE ratio of 27.53, a P/E/G ratio of 3.64 and a beta of 1.00.

Infosys (NYSE:INFY) last posted its quarterly earnings results on Thursday, January 16th. The technology company reported $0.19 earnings per share for the quarter, hitting analysts’ consensus estimates 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 firm posted $0.18 earnings per share. Equities analysts anticipate that Infosys Limited will post 0.74 EPS for the current fiscal year.

Infosys 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.