Ieq Capital LLC Acquires 1,126 Shares of Infosys Limited (NYSE:INFY)

Ieq Capital LLC raised its holdings in Infosys Limited (NYSE:INFY) by 6.7% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 17,904 shares of the technology company’s stock after acquiring an additional 1,126 shares during the period. Ieq Capital LLC’s holdings in Infosys were worth $392,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the business. Sierra Ocean LLC bought a new stake in Infosys during the fourth quarter worth about $29,000. Mizuho Securities Co. Ltd. purchased a new position in shares of Infosys during the 3rd quarter valued at about $33,000. Brooklyn Investment Group bought a new stake in Infosys in the 4th quarter worth approximately $52,000. Wilmington Savings Fund Society FSB purchased a new stake in Infosys in the third quarter worth approximately $57,000. Finally, GAMMA Investing LLC grew its position in Infosys by 14.2% during the fourth quarter. GAMMA Investing LLC now owns 4,496 shares of the technology company’s stock valued at $99,000 after acquiring an additional 560 shares during the last quarter. Institutional investors own 16.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on INFY shares. HSBC upgraded shares of Infosys from a “hold” rating to a “buy” rating in a report on Monday, December 9th. StockNews.com raised Infosys from a “hold” rating to a “buy” rating in a research note on Wednesday, January 22nd. Hsbc Global Res upgraded Infosys from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 9th. Finally, Guggenheim reaffirmed a “neutral” rating on shares of Infosys in a research note on Friday, January 17th. Two research analysts have rated the stock with a sell rating, three have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $20.22.

Infosys Trading Down 1.3 %

Infosys stock opened at $20.51 on Friday. The firm has a market cap of $84.93 billion, a P/E ratio of 25.96, a P/E/G ratio of 3.50 and a beta of 1.00. Infosys Limited has a 1-year low of $16.04 and a 1-year high of $23.63. The firm has a 50-day moving average of $21.94 and a 200-day moving average of $22.28.

Infosys (NYSE:INFY) last released its quarterly earnings data on Thursday, January 16th. The technology company reported $0.19 earnings per share for the quarter, hitting 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 period in the previous year, the company posted $0.18 earnings per share. Research analysts forecast that Infosys Limited will post 0.74 earnings per share for the current fiscal 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.