KCS Wealth Advisory bought a new stake in Infosys Ltd (NYSE:INFY) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 35,154 shares of the technology company’s stock, valued at approximately $570,000.
Other institutional investors have also recently bought and sold shares of the company. Tower Research Capital LLC TRC lifted its holdings in shares of Infosys by 198.2% in the 2nd quarter. Tower Research Capital LLC TRC now owns 7,967 shares of the technology company’s stock valued at $120,000 after purchasing an additional 5,295 shares during the last quarter. Foster & Motley Inc. purchased a new stake in shares of Infosys in the 3rd quarter valued at about $166,000. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Infosys by 4.7% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 13,365 shares of the technology company’s stock valued at $201,000 after purchasing an additional 605 shares during the last quarter. High Pointe Capital Management LLC purchased a new stake in shares of Infosys in the 3rd quarter valued at about $203,000. Finally, Equity Investment Corp lifted its holdings in shares of Infosys by 50.2% in the 3rd quarter. Equity Investment Corp now owns 15,100 shares of the technology company’s stock valued at $220,000 after purchasing an additional 5,050 shares during the last quarter. 18.85% of the stock is owned by institutional investors and hedge funds.
Infosys Ltd (NYSE:INFY) opened at $16.81 on Friday. The stock has a market capitalization of $39,480.72, a PE ratio of 17.80, a P/E/G ratio of 1.97 and a beta of 0.69. Infosys Ltd has a 52-week low of $13.42 and a 52-week high of $17.37.
Infosys (NYSE:INFY) last issued its quarterly earnings results on Tuesday, October 24th. The technology company reported $0.25 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.24 by $0.01. Infosys had a return on equity of 21.05% and a net margin of 21.04%. The firm had revenue of $2.73 billion for the quarter, compared to analysts’ expectations of $2.78 billion. During the same quarter in the previous year, the firm posted $0.24 EPS. research analysts forecast that Infosys Ltd will post 0.99 earnings per share for the current year.
Several brokerages recently issued reports on INFY. Zacks Investment Research cut Infosys from a “buy” rating to a “hold” rating in a research report on Thursday. Cowen restated a “hold” rating and issued a $15.00 price target on shares of Infosys in a research report on Thursday, October 12th. Robert W. Baird restated a “hold” rating and issued a $16.00 price target on shares of Infosys in a research report on Wednesday, October 4th. Oppenheimer restated a “hold” rating on shares of Infosys in a research report on Tuesday, October 24th. Finally, Goldman Sachs Group upgraded Infosys from a “sell” rating to a “neutral” rating and boosted their price target for the company from $12.40 to $12.88 in a research report on Sunday, September 17th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and three have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $15.34.
Infosys Limited is engaged in consulting, technology, outsourcing and next-generation services. The Company, along with its subsidiaries, provides business information technology services comprising application development and maintenance, independent validation, infrastructure management, engineering services comprising product engineering and life cycle solutions and business process management; consulting and systems integration services comprising consulting, enterprise solutions, systems integration and advanced technologies; products, business platforms and solutions to accelerate intellectual property-led innovation, including Finacle, its banking solution, and offerings in the areas of Analytics, Cloud and Digital Transformation.
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