Raymond James Financial Services Advisors Inc. Acquires 5,159 Shares of Infosys Limited (NYSE:INFY)

Raymond James Financial Services Advisors Inc. lifted its holdings in shares of Infosys Limited (NYSE:INFY) by 18.1% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 33,638 shares of the technology company’s stock after acquiring an additional 5,159 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Infosys were worth $618,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in INFY. FWL Investment Management LLC bought a new position in shares of Infosys during the 4th quarter worth about $27,000. JFS Wealth Advisors LLC lifted its holdings in shares of Infosys by 88.3% during the 3rd quarter. JFS Wealth Advisors LLC now owns 2,945 shares of the technology company’s stock worth $50,000 after acquiring an additional 1,381 shares during the period. Harel Insurance Investments & Financial Services Ltd. bought a new position in shares of Infosys during the 3rd quarter worth about $85,000. Natixis acquired a new stake in shares of Infosys during the 4th quarter worth about $110,000. Finally, Penserra Capital Management LLC increased its position in shares of Infosys by 199.0% during the 4th quarter. Penserra Capital Management LLC now owns 6,354 shares of the technology company’s stock worth $114,000 after purchasing an additional 4,229 shares in the last quarter. 10.89% of the stock is owned by institutional investors.

Infosys Trading Down 0.6 %

INFY opened at $16.94 on Thursday. The stock has a market capitalization of $70.12 billion, a PE ratio of 23.86, a PEG ratio of 2.28 and a beta of 0.93. Infosys Limited has a 1-year low of $14.71 and a 1-year high of $20.74. The firm has a 50-day moving average price of $18.94 and a two-hundred day moving average price of $18.35.

Analyst Upgrades and Downgrades

INFY has been the subject of a number of recent analyst reports. BNP Paribas initiated coverage on shares of Infosys in a research report on Wednesday, January 17th. They set an “outperform” rating and a $24.00 target price for the company. UBS Group upgraded shares of Infosys from a “neutral” rating to a “buy” rating in a research report on Wednesday, January 3rd. BMO Capital Markets increased their target price on shares of Infosys from $18.00 to $21.00 and gave the stock a “market perform” rating in a research report on Friday, January 12th. Wedbush reiterated an “outperform” rating and set a $22.00 target price on shares of Infosys in a research report on Wednesday, March 13th. Finally, Bank of America upgraded shares of Infosys from a “neutral” rating to a “buy” rating in a research report on Tuesday, April 9th. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $20.76.

Infosys 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 application management and application development services, independent validation solutions, product engineering and management, infrastructure management services, traditional enterprise application implementation, support, and integration services.