BSW Wealth Partners Grows Stock Position in Infosys Limited (NYSE:INFY)

BSW Wealth Partners raised its holdings in Infosys Limited (NYSE:INFY) by 3.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,989 shares of the technology company’s stock after buying an additional 790 shares during the quarter. BSW Wealth Partners’ holdings in Infosys were worth $460,000 at the end of the most recent quarter.

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

Analyst Ratings Changes

INFY has been the subject of several research reports. Guggenheim reiterated a “neutral” rating on shares of Infosys in a research note on Friday, January 17th. Investec cut shares of Infosys from a “hold” rating to a “sell” rating in a research report on Thursday, October 3rd. BMO Capital Markets raised their price objective on Infosys from $23.00 to $25.00 and gave the company a “market perform” rating in a research report on Friday, October 18th. Hsbc Global Res raised Infosys from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 9th. Finally, HSBC upgraded Infosys from a “hold” rating to a “buy” rating in a report on Monday, December 9th. Two research analysts have rated the stock with a sell rating, three have given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Infosys presently has an average rating of “Hold” and a consensus price target of $20.22.

Infosys Stock Up 0.8 %

INFY stock opened at $21.71 on Thursday. The stock’s 50 day moving average is $22.48 and its two-hundred day moving average is $22.30. Infosys Limited has a 52-week low of $16.04 and a 52-week high of $23.63. The company has a market capitalization of $89.90 billion, a PE ratio of 27.47, a P/E/G ratio of 3.54 and a beta of 1.00.

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, hitting analysts’ consensus estimates of $0.19. Infosys had a net margin of 17.28% and a return on equity of 31.60%. During the same period last year, the firm earned $0.18 earnings per share. As a group, sell-side analysts anticipate that Infosys Limited will post 0.74 EPS for the current year.

Infosys 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.