Farther Finance Advisors LLC Has $68,000 Stake in Infosys Limited (NYSE:INFY)

Farther Finance Advisors LLC grew its stake in Infosys Limited (NYSE:INFY) by 69.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,115 shares of the technology company’s stock after buying an additional 1,279 shares during the period. Farther Finance Advisors LLC’s holdings in Infosys were worth $68,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in INFY. Robeco Institutional Asset Management B.V. lifted its holdings in Infosys by 6.2% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 25,841,022 shares of the technology company’s stock worth $566,435,000 after purchasing an additional 1,501,039 shares during the last quarter. Fisher Asset Management LLC raised its position in shares of Infosys by 0.7% in the fourth quarter. Fisher Asset Management LLC now owns 14,517,359 shares of the technology company’s stock valued at $318,221,000 after purchasing an additional 102,341 shares during the period. Franklin Resources Inc. lifted its stake in shares of Infosys by 2.9% in the third quarter. Franklin Resources Inc. now owns 11,272,051 shares of the technology company’s stock worth $263,315,000 after buying an additional 322,648 shares during the last quarter. BNP Paribas Financial Markets boosted its holdings in shares of Infosys by 5.1% during the 3rd quarter. BNP Paribas Financial Markets now owns 6,072,537 shares of the technology company’s stock worth $135,235,000 after buying an additional 297,183 shares during the period. Finally, Daiwa Securities Group Inc. grew its stake in Infosys by 11.8% in the 3rd quarter. Daiwa Securities Group Inc. now owns 5,852,900 shares of the technology company’s stock valued at $130,344,000 after buying an additional 618,400 shares during the last quarter. Institutional investors own 16.20% of the company’s stock.

Infosys Stock Up 1.5 %

Infosys stock opened at $18.34 on Friday. Infosys Limited has a 12 month low of $16.04 and a 12 month high of $23.81. The stock has a market cap of $75.96 billion, a price-to-earnings ratio of 23.21, a price-to-earnings-growth ratio of 3.50 and a beta of 1.01. The business has a 50 day moving average price of $20.81 and a two-hundred day moving average price of $21.90.

Infosys (NYSE:INFY) last issued its earnings results 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 period last year, the business earned $0.18 earnings per share. On average, analysts expect that Infosys Limited will post 0.74 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

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.