Infosys Limited (NYSE:INFY) Shares Bought by Kestra Private Wealth Services LLC

Kestra Private Wealth Services LLC grew its stake in Infosys Limited (NYSE:INFY) by 3.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 54,564 shares of the technology company’s stock after purchasing an additional 1,755 shares during the period. Kestra Private Wealth Services LLC’s holdings in Infosys were worth $1,196,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of INFY. Outlook Wealth Advisors LLC increased its stake in Infosys by 2.8% in the 4th quarter. Outlook Wealth Advisors LLC now owns 18,405 shares of the technology company’s stock valued at $403,000 after buying an additional 508 shares during the period. Canopy Partners LLC increased its stake in shares of Infosys by 3.1% during the third quarter. Canopy Partners LLC now owns 17,129 shares of the technology company’s stock worth $381,000 after acquiring an additional 522 shares during the period. GAMMA Investing LLC raised its holdings in Infosys by 14.2% during the fourth quarter. GAMMA Investing LLC now owns 4,496 shares of the technology company’s stock worth $99,000 after purchasing an additional 560 shares in the last quarter. Flagship Harbor Advisors LLC lifted its position in Infosys by 6.2% in the fourth quarter. Flagship Harbor Advisors LLC now owns 11,026 shares of the technology company’s stock valued at $242,000 after purchasing an additional 641 shares during the period. Finally, Modera Wealth Management LLC boosted its holdings in Infosys by 0.4% in the 3rd quarter. Modera Wealth Management LLC now owns 183,028 shares of the technology company’s stock valued at $4,076,000 after purchasing an additional 653 shares in the last quarter. Hedge funds and other institutional investors own 16.20% of the company’s stock.

Infosys Price Performance

NYSE INFY opened at $21.75 on Thursday. Infosys Limited has a 12 month low of $16.04 and a 12 month high of $23.63. The company has a 50-day moving average of $22.39 and a 200-day moving average of $22.33. The company has a market cap of $90.09 billion, a P/E ratio of 27.53, a P/E/G ratio of 3.64 and a beta of 1.00.

Infosys (NYSE:INFY) last announced its quarterly earnings data on Thursday, January 16th. The technology company reported $0.19 earnings per share (EPS) for the quarter, meeting 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 firm posted $0.18 earnings per share. As a group, equities research analysts anticipate that Infosys Limited will post 0.74 EPS for the current year.

Analyst Ratings Changes

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