Infosys Limited (NYSE:INFY) Holdings Lifted by Vise Technologies Inc.

Vise Technologies Inc. grew its position in Infosys Limited (NYSE:INFY) by 748.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 127,534 shares of the technology company’s stock after purchasing an additional 112,505 shares during the period. Vise Technologies Inc.’s holdings in Infosys were worth $2,796,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. SG Americas Securities LLC bought a new position in Infosys in the 4th quarter worth about $311,000. Jones Financial Companies Lllp boosted its holdings in shares of Infosys by 15.9% in the fourth quarter. Jones Financial Companies Lllp now owns 7,520 shares of the technology company’s stock valued at $165,000 after acquiring an additional 1,030 shares in the last quarter. Fullerton Fund Management Co Ltd. acquired a new position in shares of Infosys during the fourth quarter valued at approximately $4,465,000. Haven Global Partners LLC bought a new stake in Infosys during the fourth quarter worth approximately $4,078,000. Finally, Barclays PLC lifted its position in Infosys by 11.8% in the third quarter. Barclays PLC now owns 2,523,605 shares of the technology company’s stock worth $56,200,000 after purchasing an additional 266,902 shares during the period. Institutional investors own 16.20% of the company’s stock.

Analysts Set New Price Targets

INFY has been the subject of a number of research reports. CLSA raised Infosys from a “hold” rating to an “outperform” rating in a research note on Friday, March 7th. Susquehanna upgraded Infosys from a “negative” rating to a “neutral” rating and set a $17.00 price target on the stock in a research report on Monday, April 14th. BMO Capital Markets lowered their price target on Infosys from $25.00 to $18.00 and set a “market perform” rating on the stock in a research report on Monday, April 21st. Stifel Nicolaus lowered their price target on Infosys from $18.00 to $17.00 and set a “hold” rating on the stock in a research report on Monday, April 21st. Finally, Wall Street Zen upgraded Infosys from a “hold” rating to a “buy” rating in a research report on Friday, May 16th. Six analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $17.48.

Infosys Price Performance

INFY stock opened at $18.05 on Friday. Infosys Limited has a 12 month low of $15.82 and a 12 month high of $23.63. The firm has a market cap of $74.76 billion, a PE ratio of 22.85, a P/E/G ratio of 3.50 and a beta of 0.98. The firm has a 50 day simple moving average of $17.68 and a 200 day simple moving average of $20.36.

Infosys (NYSE:INFY) last released its earnings results on Thursday, April 17th. The technology company reported $0.20 EPS for the quarter, beating 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 business had revenue of $4.79 billion during the quarter, compared to analyst estimates of $420.69 billion. During the same period in the prior year, the business earned $0.23 earnings per share. As a group, sell-side analysts expect that Infosys Limited will post 0.74 earnings per share for the current year.

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.