Advisory Resource Group Has $1.11 Million Stake in Infosys Limited (NYSE:INFY)

Advisory Resource Group increased its stake in shares of Infosys Limited (NYSE:INFY) by 6.3% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 50,585 shares of the technology company’s stock after acquiring an additional 3,007 shares during the period. Advisory Resource Group’s holdings in Infosys were worth $1,109,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in INFY. Vest Financial LLC acquired a new position in Infosys during the 4th quarter valued at $224,000. Sumitomo Mitsui DS Asset Management Company Ltd raised its position in shares of Infosys by 25.0% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 15,000 shares of the technology company’s stock valued at $329,000 after buying an additional 3,000 shares during the last quarter. Adero Partners LLC lifted its stake in shares of Infosys by 44.1% in the fourth quarter. Adero Partners LLC now owns 18,288 shares of the technology company’s stock valued at $401,000 after buying an additional 5,594 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Infosys by 1,606.5% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,454,437 shares of the technology company’s stock valued at $32,143,000 after buying an additional 1,369,210 shares during the period. Finally, Yousif Capital Management LLC grew its position in Infosys by 8.9% during the fourth quarter. Yousif Capital Management LLC now owns 68,851 shares of the technology company’s stock worth $1,509,000 after buying an additional 5,613 shares in the last quarter. Institutional investors and hedge funds own 16.20% of the company’s stock.

Infosys Stock Performance

Shares of NYSE:INFY opened at $21.85 on Friday. The company has a market capitalization of $90.48 billion, a PE ratio of 27.65, a P/E/G ratio of 3.64 and a beta of 1.00. The company’s fifty day moving average is $22.40 and its 200-day moving average is $22.33. Infosys Limited has a 52 week low of $16.04 and a 52 week high of $23.63.

Infosys (NYSE:INFY) last issued its quarterly earnings data on Thursday, January 16th. The technology company reported $0.19 earnings per share for the quarter, hitting the consensus estimate of $0.19. Infosys had a net margin of 17.28% and a return on equity of 31.60%. During the same quarter in the previous year, the business earned $0.18 EPS. On average, analysts forecast that Infosys Limited will post 0.74 EPS for the current year.

Wall Street Analyst Weigh In

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

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.