Infosys Ltd. $INFY Shares Purchased by Vise Technologies Inc.

Vise Technologies Inc. grew its holdings in shares of Infosys Ltd. (NYSE:INFY) by 26.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 276,421 shares of the technology company’s stock after buying an additional 58,159 shares during the quarter. Vise Technologies Inc.’s holdings in Infosys were worth $2,974,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Nisa Investment Advisors LLC raised its holdings in shares of Infosys by 87.1% in the 3rd quarter. Nisa Investment Advisors LLC now owns 3,683 shares of the technology company’s stock worth $40,000 after acquiring an additional 1,715 shares during the last quarter. V Square Quantitative Management LLC acquired a new position in Infosys during the 1st quarter valued at about $97,000. TD Waterhouse Canada Inc. boosted its stake in Infosys by 14.2% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 9,090 shares of the technology company’s stock valued at $97,000 after purchasing an additional 1,131 shares during the last quarter. Concurrent Investment Advisors LLC bought a new stake in Infosys during the 2nd quarter worth approximately $115,000. Finally, Laidlaw Wealth Management LLC bought a new stake in Infosys during the 2nd quarter worth approximately $117,000. 16.20% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on INFY. The Goldman Sachs Group restated a “neutral” rating and issued a $10.40 target price on shares of Infosys in a report on Thursday, October 1st. Susquehanna decreased their price target on Infosys from $12.00 to $11.00 and set a “neutral” rating for the company in a report on Friday, July 24th. BMO Capital Markets reissued a “market perform” rating and issued a $13.00 price target (up from $12.00) on shares of Infosys in a research report on Monday, October 26th. Jefferies Financial Group restated a “hold” rating and set a $14.31 price objective (down from $20.82) on shares of Infosys in a research note on Monday, August 31st. Finally, HSBC set a $11.47 price objective on shares of Infosys and gave the stock a “hold” rating in a report on Friday, July 24th. Ten investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Infosys has a consensus rating of “Reduce” and an average target price of $11.79.

Infosys Stock Up 2.5%

Shares of NYSE INFY opened at $12.23 on Thursday. Infosys Ltd. has a twelve month low of $10.12 and a twelve month high of $30.00. The stock’s 50 day moving average price is $11.52 and its 200-day moving average price is $12.80. The company has a market capitalization of $49.52 billion, a PE ratio of 14.20, a PEG ratio of 2.98 and a beta of 0.87.

Infosys (NYSE:INFY) last issued its quarterly earnings results on Friday, October 23rd. The technology company reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.01). The business had revenue of $5.19 billion for the quarter, compared to analysts’ expectations of $5.12 billion. Infosys had a net margin of 16.21% and a return on equity of 34.81%. As a group, research analysts expect that Infosys Ltd. will post 0.81 EPS for the current fiscal year.

Infosys Company 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. The company was founded by Dinesh Krishnan Swamy, Senapathy Gopalakrishnan, Narayana Ramarao Nagavara Murthy, Raghavan N. S., Ashok Arora, Nandan M. Nilekani, and S. D. Shibulal on July 2, 1981 and is headquartered in Bangalore, India.