Infosys Limited (NYSE:INFY) Shares Bought by Drive Wealth Management LLC

Drive Wealth Management LLC boosted its position in shares of Infosys Limited (NYSE:INFYFree Report) by 6.1% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 12,354 shares of the technology company’s stock after acquiring an additional 707 shares during the quarter. Drive Wealth Management LLC’s holdings in Infosys were worth $227,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. FWL Investment Management LLC acquired a new position in shares of Infosys in the 4th quarter valued at about $27,000. Planned Solutions Inc. acquired a new position in shares of Infosys in the 4th quarter valued at about $50,000. JFS Wealth Advisors LLC lifted its holdings in shares of Infosys by 88.3% in the 3rd quarter. JFS Wealth Advisors LLC now owns 2,945 shares of the technology company’s stock valued at $50,000 after buying an additional 1,381 shares during the period. Harel Insurance Investments & Financial Services Ltd. acquired a new position in shares of Infosys in the 3rd quarter valued at about $85,000. Finally, Natixis acquired a new position in shares of Infosys in the 4th quarter valued at about $110,000. Institutional investors and hedge funds own 10.89% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on INFY. HSBC upgraded Infosys from a “hold” rating to a “buy” rating in a research note on Monday. StockNews.com lowered Infosys from a “buy” rating to a “hold” rating in a research note on Tuesday, March 19th. Wedbush restated an “outperform” rating and issued a $22.00 price target on shares of Infosys in a research note on Wednesday, March 13th. Guggenheim began coverage on Infosys in a research note on Tuesday, March 19th. They issued a “neutral” rating and a $20.00 price target for the company. Finally, JPMorgan Chase & Co. upgraded Infosys from a “neutral” rating to an “overweight” rating in a research note on Wednesday, January 3rd. Seven research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $20.76.

View Our Latest Analysis on Infosys

Infosys Stock Performance

NYSE:INFY opened at $17.58 on Wednesday. Infosys Limited has a 12 month low of $14.71 and a 12 month high of $20.74. The stock has a 50 day moving average of $19.54 and a two-hundred day moving average of $18.35. The firm has a market cap of $72.77 billion, a P/E ratio of 24.76, a price-to-earnings-growth ratio of 2.32 and a beta of 0.93.

Infosys (NYSE:INFYGet Free Report) last issued its earnings results on Thursday, January 11th. The technology company reported $0.18 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.01. The business had revenue of $4.66 billion for the quarter, compared to analysts’ expectations of $4.58 billion. Infosys had a return on equity of 31.25% and a net margin of 15.91%. On average, research analysts forecast that Infosys Limited will post 0.71 earnings per share for the current year.

Infosys Profile

(Free Report)

Infosys Limited, together with its subsidiaries, provides consulting, technology, outsourcing, and next-generation digital services in North America, Europe, India, and internationally. It provides application management and application development services, independent validation solutions, product engineering and management, infrastructure management services, traditional enterprise application implementation, support, and integration services.

See Also

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Institutional Ownership by Quarter for Infosys (NYSE:INFY)

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