Infosys Limited (NYSE:INFY) Shares Acquired by Ariadne Wealth Management LP

Ariadne Wealth Management LP increased its stake in shares of Infosys Limited (NYSE:INFY) by 24.6% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 17,602 shares of the technology company’s stock after acquiring an additional 3,473 shares during the period. Ariadne Wealth Management LP’s holdings in Infosys were worth $385,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently added to or reduced their stakes in the stock. Sierra Ocean LLC bought a new position in shares of Infosys during the fourth quarter worth about $29,000. Brooklyn Investment Group bought a new position in Infosys in the 4th quarter worth about $52,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Infosys in the third quarter valued at approximately $57,000. Farther Finance Advisors LLC raised its holdings in shares of Infosys by 69.7% during the fourth quarter. Farther Finance Advisors LLC now owns 3,115 shares of the technology company’s stock valued at $68,000 after buying an additional 1,279 shares during the last quarter. Finally, GAMMA Investing LLC grew its holdings in Infosys by 14.2% in the 4th quarter. GAMMA Investing LLC now owns 4,496 shares of the technology company’s stock worth $99,000 after buying an additional 560 shares in the last quarter. 16.20% of the stock is currently owned by institutional investors.

Infosys Price Performance

INFY stock opened at $18.60 on Tuesday. The firm has a market cap of $77.02 billion, a PE ratio of 23.54, a P/E/G ratio of 3.50 and a beta of 1.01. Infosys Limited has a 12 month low of $16.04 and a 12 month high of $23.81. The firm has a 50 day simple moving average of $20.73 and a 200 day simple moving average of $21.86.

Infosys (NYSE:INFY) last announced its quarterly earnings data on Thursday, January 16th. The technology company reported $0.19 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. As a group, sell-side analysts expect that Infosys Limited will post 0.74 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have weighed in on INFY shares. Hsbc Global Res raised Infosys from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 9th. HSBC raised shares of Infosys from a “hold” rating to a “buy” rating in a report on Monday, December 9th. CLSA raised shares of Infosys from a “hold” rating to an “outperform” rating in a research note on Friday, March 7th. Guggenheim reaffirmed a “neutral” rating on shares of Infosys in a research note on Friday, January 17th. Finally, StockNews.com lowered shares of Infosys from a “buy” rating to a “hold” rating in a research note on Thursday, March 20th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Infosys presently has a consensus rating of “Hold” and an average price target of $19.70.

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.