Proficio Capital Partners LLC Buys Shares of 32,091 Infosys Limited (NYSE:INFY)

Proficio Capital Partners LLC acquired a new position in Infosys Limited (NYSE:INFY) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 32,091 shares of the technology company’s stock, valued at approximately $703,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Sierra Ocean LLC bought a new stake in Infosys during the 4th quarter valued at $29,000. Brooklyn Investment Group bought a new position in shares of Infosys in the fourth quarter worth $52,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Infosys in the third quarter valued at $57,000. GAMMA Investing LLC raised its stake in shares of Infosys by 14.2% during 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 during the period. Finally, Principal Securities Inc. lifted its holdings in Infosys by 210.1% during the 4th quarter. Principal Securities Inc. now owns 4,822 shares of the technology company’s stock worth $106,000 after purchasing an additional 3,267 shares in the last quarter. 16.20% of the stock is currently owned by institutional investors.

Infosys Price Performance

INFY opened at $18.34 on Friday. The firm has a market capitalization of $75.96 billion, a price-to-earnings ratio of 23.21, a PEG ratio of 3.50 and a beta of 1.01. Infosys Limited has a one year low of $16.04 and a one year high of $23.81. The business has a 50 day simple moving average of $20.81 and a two-hundred day simple moving average of $21.90.

Infosys (NYSE:INFY) last released its quarterly earnings results on Thursday, January 16th. The technology company reported $0.19 earnings per share for the quarter, meeting the consensus estimate of $0.19. Infosys had a return on equity of 31.60% and a net margin of 17.28%. During the same quarter last year, the firm earned $0.18 EPS. As a group, sell-side analysts expect that Infosys Limited will post 0.74 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. StockNews.com cut shares of Infosys from a “buy” rating to a “hold” rating in a research note on Thursday. HSBC upgraded Infosys from a “hold” rating to a “buy” rating in a research report on Monday, December 9th. Hsbc Global Res upgraded 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. Finally, CLSA upgraded Infosys from a “hold” rating to an “outperform” rating in a research report on Friday, March 7th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Infosys has a consensus rating of “Hold” and an average price target of $19.70.

Infosys Company 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.