Financial Architects Inc Has $37,000 Stock Position in Infosys Ltd (NYSE:INFY)

Financial Architects Inc lowered its holdings in Infosys Ltd (NYSE:INFY) by 25.6% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,285 shares of the technology company’s stock after selling 1,130 shares during the quarter. Financial Architects Inc’s holdings in Infosys were worth $37,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in INFY. FDx Advisors Inc. grew its holdings in shares of Infosys by 3.5% during the 2nd quarter. FDx Advisors Inc. now owns 27,989 shares of the technology company’s stock worth $299,000 after purchasing an additional 954 shares in the last quarter. Greenleaf Trust grew its holdings in shares of Infosys by 1.1% during the 2nd quarter. Greenleaf Trust now owns 97,286 shares of the technology company’s stock worth $1,041,000 after purchasing an additional 1,016 shares in the last quarter. NEXT Financial Group Inc grew its holdings in shares of Infosys by 44.9% during the 3rd quarter. NEXT Financial Group Inc now owns 3,610 shares of the technology company’s stock worth $41,000 after purchasing an additional 1,118 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. grew its holdings in shares of Infosys by 2.7% during the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 43,510 shares of the technology company’s stock worth $465,000 after purchasing an additional 1,151 shares in the last quarter. Finally, US Bancorp DE grew its holdings in shares of Infosys by 2.7% during the 2nd quarter. US Bancorp DE now owns 55,747 shares of the technology company’s stock worth $597,000 after purchasing an additional 1,475 shares in the last quarter. 18.72% of the stock is currently owned by hedge funds and other institutional investors.

Shares of INFY stock opened at $9.86 on Friday. The stock’s fifty day simple moving average is $10.25 and its 200 day simple moving average is $10.77. The firm has a market cap of $41.84 billion, a price-to-earnings ratio of 18.26, a P/E/G ratio of 1.91 and a beta of 0.45. Infosys Ltd has a one year low of $8.76 and a one year high of $12.08.

Infosys (NYSE:INFY) last announced its quarterly earnings results on Friday, October 11th. The technology company reported $0.13 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.14 by ($0.01). The company had revenue of $3.21 billion during the quarter, compared to analyst estimates of $3.20 billion. Infosys had a net margin of 17.74% and a return on equity of 25.70%. As a group, research analysts anticipate that Infosys Ltd will post 0.54 EPS for the current year.

INFY has been the topic of several recent research reports. Citigroup lowered Infosys to a “hold” rating in a report on Monday, October 14th. UBS Group lowered Infosys from a “buy” rating to a “neutral” rating in a report on Monday, September 16th. ValuEngine lowered Infosys from a “sell” rating to a “strong sell” rating in a report on Friday, November 1st. Wells Fargo & Co reissued a “hold” rating on shares of Infosys in a report on Monday, October 21st. Finally, Robert W. Baird set a $10.00 price objective on Infosys and gave the stock a “hold” rating in a report on Monday, October 21st. Two analysts have rated the stock with a sell rating and fourteen have given a hold rating to the stock. Infosys presently has a consensus rating of “Hold” and an average target price of $10.95.

About Infosys

Infosys Limited, together with its subsidiaries, provides consulting, technology, and outsourcing services in North America, Europe, India, and internationally. It provides business information technology services, including application development and maintenance, independent validation, infrastructure management, and business process management services, as well as engineering services, such as engineering and life cycle solutions; and consulting and systems integration services comprising consulting, enterprise solutions, systems integration, and advanced technologies.

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Institutional Ownership by Quarter for Infosys (NYSE:INFY)

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