EverSource Wealth Advisors LLC Acquires 6,458 Shares of Infosys Limited (NYSE:INFY)

EverSource Wealth Advisors LLC raised its holdings in Infosys Limited (NYSE:INFY) by 148.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,806 shares of the technology company’s stock after purchasing an additional 6,458 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in Infosys were worth $237,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently bought and sold shares of the company. Sierra Ocean LLC bought a new position in Infosys in the 4th quarter valued at $29,000. Brooklyn Investment Group purchased a new position in shares of Infosys during the 4th quarter valued at $52,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Infosys during the 3rd quarter valued at $57,000. GAMMA Investing LLC lifted its position in shares of Infosys by 14.2% during the 4th quarter. GAMMA Investing LLC now owns 4,496 shares of the technology company’s stock valued at $99,000 after buying an additional 560 shares during the last quarter. Finally, Principal Securities Inc. lifted its position in shares of Infosys by 210.1% during the 4th quarter. Principal Securities Inc. now owns 4,822 shares of the technology company’s stock valued at $106,000 after buying an additional 3,267 shares during the last quarter. Institutional investors own 16.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on INFY. CLSA raised Infosys from a “hold” rating to an “outperform” rating in a research report on Friday, March 7th. Hsbc Global Res raised Infosys from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 9th. StockNews.com cut Infosys from a “buy” rating to a “hold” rating in a research report on Monday, March 10th. Guggenheim reaffirmed a “neutral” rating on shares of Infosys in a research report on Friday, January 17th. Finally, HSBC raised Infosys from a “hold” rating to a “buy” rating in a report on Monday, December 9th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Infosys has a consensus rating of “Hold” and a consensus price target of $19.78.

Infosys Stock Up 0.6 %

Shares of NYSE INFY opened at $18.41 on Monday. The company has a market cap of $76.24 billion, a P/E ratio of 23.30, a P/E/G ratio of 3.50 and a beta of 1.01. The business has a 50-day simple moving average of $21.25 and a two-hundred day simple moving average of $22.06. 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 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 firm posted $0.18 earnings per share. Equities research analysts anticipate that Infosys Limited will post 0.74 EPS 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.