Mercer Global Advisors Inc. ADV Purchases 10,863 Shares of Infosys Limited (NYSE:INFY)

Mercer Global Advisors Inc. ADV lifted its position in Infosys Limited (NYSE:INFY) by 48.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 33,415 shares of the technology company’s stock after purchasing an additional 10,863 shares during the quarter. Mercer Global Advisors Inc. ADV’s holdings in Infosys were worth $732,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Sierra Ocean LLC bought a new position in shares of Infosys in the fourth quarter worth $29,000. Brooklyn Investment Group bought a new position in Infosys in the fourth quarter valued at $52,000. Farther Finance Advisors LLC increased its stake in Infosys by 69.7% in the fourth quarter. Farther Finance Advisors LLC now owns 3,115 shares of the technology company’s stock valued at $68,000 after acquiring an additional 1,279 shares during the last quarter. Principal Securities Inc. increased its stake in Infosys by 210.1% in the fourth quarter. Principal Securities Inc. now owns 4,822 shares of the technology company’s stock valued at $106,000 after acquiring an additional 3,267 shares during the last quarter. Finally, KLP Kapitalforvaltning AS bought a new position in Infosys in the fourth quarter valued at $132,000. Institutional investors own 16.20% of the company’s stock.

Infosys Trading Down 0.1%

INFY opened at $17.48 on Monday. The company has a market cap of $72.40 billion, a P/E ratio of 22.13, a P/E/G ratio of 3.50 and a beta of 0.98. Infosys Limited has a 12 month low of $15.82 and a 12 month high of $23.63. The business’s 50-day moving average price is $17.81 and its 200-day moving average price is $20.53.

Infosys (NYSE:INFY) last posted its earnings results on Thursday, April 17th. The technology company reported $0.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.01. The company had revenue of $4.79 billion for the quarter, compared to analysts’ expectations of $420.69 billion. Infosys had a return on equity of 31.60% and a net margin of 17.28%. During the same period last year, the firm earned $0.23 earnings per share. Equities research analysts forecast that Infosys Limited will post 0.74 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently commented on the company. The Goldman Sachs Group cut Infosys from a “buy” rating to a “neutral” rating and set a $17.90 target price on the stock. in a research note on Monday, April 21st. BMO Capital Markets reduced their target price on Infosys from $25.00 to $18.00 and set a “market perform” rating on the stock in a research note on Monday, April 21st. Stifel Nicolaus reduced their target price on Infosys from $18.00 to $17.00 and set a “hold” rating on the stock in a research note on Monday, April 21st. CLSA raised Infosys from a “hold” rating to an “outperform” rating in a research note on Friday, March 7th. Finally, Investec upgraded Infosys from a “sell” rating to a “buy” rating in a report on Friday, April 18th. Seven investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $17.48.

About Infosys

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.