12,776 Shares in Infosys Limited (NYSE:INFY) Purchased by Intelligence Driven Advisers LLC

Intelligence Driven Advisers LLC purchased a new position in shares of Infosys Limited (NYSE:INFY) in the 4th quarter, Holdings Channel reports. The institutional investor purchased 12,776 shares of the technology company’s stock, valued at approximately $254,000.

Other large investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC purchased a new position in shares of Infosys during the 4th quarter worth approximately $36,000. JFS Wealth Advisors LLC boosted its position in Infosys by 88.3% during the third quarter. JFS Wealth Advisors LLC now owns 2,945 shares of the technology company’s stock worth $50,000 after acquiring an additional 1,381 shares during the last quarter. Planned Solutions Inc. acquired a new stake in Infosys during the fourth quarter worth approximately $50,000. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in Infosys during the third quarter worth approximately $85,000. Finally, Blue Trust Inc. boosted its position in Infosys by 61.8% during the fourth quarter. Blue Trust Inc. now owns 9,443 shares of the technology company’s stock worth $161,000 after acquiring an additional 3,606 shares during the last quarter. 10.89% of the stock is owned by hedge funds and other institutional investors.

Infosys Stock Performance

Shares of Infosys stock traded up $0.11 during trading on Thursday, reaching $16.88. The company had a trading volume of 6,316,328 shares, compared to its average volume of 9,611,043. The company has a market cap of $69.87 billion, a price-to-earnings ratio of 22.03, a price-to-earnings-growth ratio of 2.24 and a beta of 0.95. The firm’s fifty day moving average is $18.29 and its 200-day moving average is $18.32. Infosys Limited has a fifty-two week low of $14.98 and a fifty-two week high of $20.74.

Infosys (NYSE:INFY) last announced its quarterly earnings data on Thursday, April 18th. The technology company reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.17 by $0.06. Infosys had a net margin of 17.06% and a return on equity of 32.33%. The business had revenue of $4.56 billion during the quarter, compared to the consensus estimate of $4.49 billion. During the same quarter in the prior year, the firm earned $0.18 EPS. On average, research analysts anticipate that Infosys Limited will post 0.75 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Guggenheim assumed coverage on shares of Infosys in a report on Tuesday, March 19th. They issued a “neutral” rating and a $20.00 price target on the stock. Susquehanna decreased their price target on shares of Infosys from $15.00 to $14.00 and set a “negative” rating on the stock in a report on Friday, April 19th. HSBC restated a “hold” rating and set a $20.10 target price on shares of Infosys in a report on Friday, April 19th. StockNews.com downgraded Infosys from a “buy” rating to a “hold” rating in a report on Tuesday, March 19th. Finally, BNP Paribas initiated coverage on Infosys in a report on Wednesday, January 17th. They issued an “outperform” rating and a $24.00 price target for the company. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $19.27.

Infosys Profile

Infosys Limited, together with its subsidiaries, provides consulting, technology, outsourcing, and next-generation digital services in North America, Europe, India, and internationally. It provides digital marketing and digital workplace, digital commerce, digital experience and interactions, metaverse, data analytics and AI, applied AI, generative AI, sustainability, blockchain, engineering, Internet of Things, enterprise agile DevOps, application modernization, cloud, digital process automation, digital supply chain, Microsoft business application and cloud business, service experience transformation, energy transition, cyber security, and quality engineering solutions; Oracle, SAP, and Saleforce solutions; API economy and microservices; and Topaz, an AI-first set of services, solutions, and platforms using generative AI technologies.