First Personal Financial Services Has $4.76 Million Stock Holdings in Infosys Limited (NYSE:INFY)

First Personal Financial Services grew its stake in shares of Infosys Limited (NYSE:INFY) by 1.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 255,700 shares of the technology company’s stock after purchasing an additional 3,647 shares during the period. First Personal Financial Services’ holdings in Infosys were worth $4,761,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. GAMMA Investing LLC acquired a new stake in Infosys during the 4th quarter valued at $36,000. Hilltop National Bank grew its holdings in shares of Infosys by 50.8% during the second quarter. Hilltop National Bank now owns 2,979 shares of the technology company’s stock valued at $55,000 after buying an additional 1,004 shares in the last quarter. Jones Financial Companies Lllp purchased a new stake in Infosys in the 4th quarter worth about $56,000. Whittier Trust Co. of Nevada Inc. lifted its stake in Infosys by 126.7% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 3,029 shares of the technology company’s stock worth $56,000 after acquiring an additional 1,693 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its position in Infosys by 113.4% during the 4th quarter. EverSource Wealth Advisors LLC now owns 3,130 shares of the technology company’s stock worth $58,000 after acquiring an additional 1,663 shares during the period. Institutional investors and hedge funds own 10.89% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. StockNews.com cut shares of Infosys from a “buy” rating to a “hold” rating in a report on Thursday, August 8th. Macquarie raised Infosys from an “underperform” rating to a “neutral” rating in a research note on Friday, July 19th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, Infosys has a consensus rating of “Hold” and a consensus target price of $19.27.

Infosys Stock Up 0.3 %

Shares of INFY stock traded up $0.08 during mid-day trading on Friday, reaching $23.28. The stock had a trading volume of 6,335,604 shares, compared to its average volume of 9,583,915. The firm has a market cap of $96.38 billion, a PE ratio of 30.63, a P/E/G ratio of 3.53 and a beta of 0.98. Infosys Limited has a one year low of $16.04 and a one year high of $23.48. The firm’s 50 day simple moving average is $20.98 and its 200 day simple moving average is $19.08.

Infosys (NYSE:INFY) last announced its quarterly earnings data on Thursday, July 18th. The technology company reported $0.18 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.18. The company had revenue of $4.71 billion during the quarter, compared to analysts’ expectations of $4.67 billion. Infosys had a net margin of 17.18% and a return on equity of 32.01%. During the same quarter in the prior year, the company posted $0.17 EPS. Sell-side analysts forecast that Infosys Limited will post 0.75 earnings per share for the current fiscal year.

Infosys Company Profile

Infosys Limited, together with its subsidiaries, provides consulting, technology, outsourcing, and next-generation digital services in North America, Europe, India, and internationally. It provides digital marketing and digital workplace, digital commerce, digital experience and interactions, metaverse, data analytics and AI, applied AI, generative AI, sustainability, blockchain, engineering, Internet of Things, enterprise agile DevOps, application modernization, cloud, digital process automation, digital supply chain, Microsoft business application and cloud business, service experience transformation, energy transition, cyber security, and quality engineering solutions; Oracle, SAP, and Saleforce solutions; API economy and microservices; and Topaz, an AI-first set of services, solutions, and platforms using generative AI technologies.