AdvisorShares Investments LLC Acquires Shares of 25,190 Infosys Limited (NYSE:INFY)

AdvisorShares Investments LLC bought a new stake in shares of Infosys Limited (NYSE:INFY) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 25,190 shares of the technology company’s stock, valued at approximately $552,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. SG Americas Securities LLC acquired a new stake in shares of Infosys during the 4th quarter worth approximately $311,000. Jones Financial Companies Lllp increased its position in Infosys by 15.9% in the fourth quarter. Jones Financial Companies Lllp now owns 7,520 shares of the technology company’s stock worth $165,000 after buying an additional 1,030 shares during the period. Haven Global Partners LLC acquired a new position in shares of Infosys during the fourth quarter valued at $4,078,000. Barclays PLC grew its position in shares of Infosys by 11.8% during the third quarter. Barclays PLC now owns 2,523,605 shares of the technology company’s stock worth $56,200,000 after acquiring an additional 266,902 shares during the last quarter. Finally, Farther Finance Advisors LLC increased its holdings in shares of Infosys by 69.7% in the 4th quarter. Farther Finance Advisors LLC now owns 3,115 shares of the technology company’s stock worth $68,000 after acquiring an additional 1,279 shares during the period. Institutional investors own 16.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. StockNews.com lowered shares of Infosys from a “buy” rating to a “hold” rating in a research note on Wednesday, April 23rd. Guggenheim reaffirmed a “neutral” rating on shares of Infosys in a research note on Friday, January 17th. Stifel Nicolaus decreased their price target on Infosys from $18.00 to $17.00 and set a “hold” rating for the company in a research note on Monday, April 21st. Susquehanna upgraded shares of Infosys from a “negative” rating to a “neutral” rating and set a $17.00 price objective on the stock in a research note on Monday, April 14th. Finally, BMO Capital Markets lowered their target price on shares of Infosys from $25.00 to $18.00 and set a “market perform” rating on the stock in a research note on Monday, April 21st. Seven equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $17.48.

Infosys Stock Down 0.3 %

INFY stock opened at $17.34 on Tuesday. The company has a market cap of $71.82 billion, a price-to-earnings ratio of 21.95, a PEG ratio of 3.50 and a beta of 0.97. Infosys Limited has a 12-month low of $15.82 and a 12-month high of $23.63. The company has a 50 day moving average of $18.33 and a two-hundred day moving average of $20.84.

Infosys (NYSE:INFY) last announced its quarterly earnings results on Thursday, April 17th. The technology company reported $0.20 EPS for the quarter, topping the consensus estimate of $0.19 by $0.01. Infosys had a net margin of 17.28% and a return on equity of 31.60%. The company had revenue of $4.79 billion for the quarter, compared to analyst estimates of $420.69 billion. During the same quarter in the prior year, the business posted $0.23 EPS. On average, research analysts anticipate that Infosys Limited will post 0.74 EPS for the current year.

Infosys 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.