Caprock Group LLC Acquires 7,348 Shares of Infosys Limited (NYSE:INFY)

Caprock Group LLC increased its holdings in Infosys Limited (NYSE:INFY) by 11.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 70,941 shares of the technology company’s stock after purchasing an additional 7,348 shares during the quarter. Caprock Group LLC’s holdings in Infosys were worth $1,555,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Northwestern Mutual Wealth Management Co. increased its stake in shares of Infosys by 10.6% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 54,158 shares of the technology company’s stock valued at $1,008,000 after buying an additional 5,174 shares during the period. Cetera Investment Advisers lifted its position in shares of Infosys by 12.8% in the 2nd quarter. Cetera Investment Advisers now owns 67,625 shares of the technology company’s stock worth $1,259,000 after purchasing an additional 7,662 shares during the period. Sanctuary Advisors LLC bought a new stake in shares of Infosys in the 2nd quarter valued at $309,000. GAMMA Investing LLC increased its position in shares of Infosys by 34.3% during the third quarter. GAMMA Investing LLC now owns 3,936 shares of the technology company’s stock worth $88,000 after buying an additional 1,005 shares during the period. Finally, Foster Group Inc. bought a new position in Infosys during the third quarter worth $214,000. 16.20% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have weighed in on INFY shares. Hsbc Global Res upgraded Infosys from a “hold” rating to a “strong-buy” rating in a report on Monday, December 9th. HSBC raised Infosys from a “hold” rating to a “buy” rating in a research note on Monday, December 9th. Guggenheim reissued a “neutral” rating on shares of Infosys in a research note on Friday, January 17th. StockNews.com raised shares of Infosys from a “hold” rating to a “buy” rating in a research report on Wednesday, January 22nd. Finally, BMO Capital Markets boosted their target price on shares of Infosys from $23.00 to $25.00 and gave the company a “market perform” rating in a research report on Friday, October 18th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $20.22.

Infosys Trading Up 0.6 %

Infosys stock opened at $21.95 on Monday. The firm has a market capitalization of $90.89 billion, a price-to-earnings ratio of 27.78, a price-to-earnings-growth ratio of 3.56 and a beta of 1.00. The firm’s fifty day moving average price is $22.46 and its two-hundred day moving average price is $22.32. Infosys Limited has a 1-year low of $16.04 and a 1-year high of $23.63.

Infosys (NYSE:INFY) last released its quarterly earnings results on Thursday, January 16th. The technology company reported $0.19 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.19. Infosys had a return on equity of 31.60% and a net margin of 17.28%. During the same quarter in the prior year, the company posted $0.18 earnings per share. On average, research analysts forecast 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.