Sigma Planning Corp Boosts Stock Holdings in Infosys Ltd (NYSE:INFY)

Sigma Planning Corp boosted its stake in shares of Infosys Ltd (NYSE:INFY) by 6.7% during the second quarter, HoldingsChannel.com reports. The firm owned 29,530 shares of the technology company’s stock after acquiring an additional 1,850 shares during the period. Sigma Planning Corp’s holdings in Infosys were worth $316,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of INFY. DekaBank Deutsche Girozentrale grew its holdings in Infosys by 13.7% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 212,099 shares of the technology company’s stock worth $2,253,000 after acquiring an additional 25,562 shares in the last quarter. Advisory Services Network LLC grew its holdings in Infosys by 9.4% during the 2nd quarter. Advisory Services Network LLC now owns 27,360 shares of the technology company’s stock worth $293,000 after acquiring an additional 2,361 shares in the last quarter. Wrapmanager Inc. acquired a new position in Infosys during the 2nd quarter worth $120,000. CWM LLC grew its holdings in Infosys by 65.4% during the 2nd quarter. CWM LLC now owns 470,469 shares of the technology company’s stock worth $5,034,000 after acquiring an additional 186,031 shares in the last quarter. Finally, Advisor Group Inc. grew its holdings in Infosys by 21.8% during the 2nd quarter. Advisor Group Inc. now owns 46,116 shares of the technology company’s stock worth $494,000 after acquiring an additional 8,245 shares in the last quarter. 17.28% of the stock is currently owned by institutional investors.

Several research analysts have recently commented on the stock. Wells Fargo & Co set a $12.00 price target on shares of Infosys and gave the company a “hold” rating in a report on Friday, May 31st. Zacks Investment Research raised shares of Infosys from a “sell” rating to a “hold” rating in a report on Friday, May 17th. Nomura raised shares of Infosys from a “reduce” rating to a “neutral” rating in a report on Monday, July 15th. BMO Capital Markets set a $13.00 price target on shares of Infosys and gave the company a “hold” rating in a report on Monday, July 15th. Finally, Citigroup raised shares of Infosys from a “neutral” rating to a “buy” rating in a report on Friday, July 12th. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and one has assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $10.96.

Shares of NYSE:INFY opened at $11.30 on Thursday. The company has a market cap of $47.54 billion, a PE ratio of 20.93, a P/E/G ratio of 2.13 and a beta of 0.53. The company’s 50-day moving average price is $11.16 and its 200 day moving average price is $10.78. Infosys Ltd has a fifty-two week low of $8.85 and a fifty-two week high of $11.64.

Infosys (NYSE:INFY) last issued its quarterly earnings data on Friday, July 12th. The technology company reported $0.13 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.13. The firm had revenue of $218.03 billion for the quarter, compared to the consensus estimate of $216.51 billion. Infosys had a net margin of 18.26% and a return on equity of 25.55%. Infosys’s quarterly revenue was up 14.0% compared to the same quarter last year. During the same period last year, the firm posted $0.13 EPS. As a group, sell-side analysts anticipate that Infosys Ltd will post 0.55 EPS for the current fiscal year.

Infosys Company Profile

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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