Vest Financial LLC Buys Shares of 10,238 Infosys Limited (NYSE:INFY)

Vest Financial LLC purchased a new position in shares of Infosys Limited (NYSE:INFY) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 10,238 shares of the technology company’s stock, valued at approximately $224,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Sumitomo Mitsui DS Asset Management Company Ltd raised its position in shares of Infosys by 25.0% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 15,000 shares of the technology company’s stock valued at $329,000 after purchasing an additional 3,000 shares during the last quarter. Adero Partners LLC increased its stake in Infosys by 44.1% during the 4th quarter. Adero Partners LLC now owns 18,288 shares of the technology company’s stock valued at $401,000 after purchasing an additional 5,594 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Infosys by 1,606.5% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,454,437 shares of the technology company’s stock worth $32,143,000 after buying an additional 1,369,210 shares during the last quarter. Yousif Capital Management LLC lifted its stake in shares of Infosys by 8.9% during the fourth quarter. Yousif Capital Management LLC now owns 68,851 shares of the technology company’s stock worth $1,509,000 after buying an additional 5,613 shares during the period. Finally, Calamos Wealth Management LLC grew its holdings in shares of Infosys by 1.4% during the fourth quarter. Calamos Wealth Management LLC now owns 81,468 shares of the technology company’s stock valued at $1,786,000 after buying an additional 1,155 shares during the last quarter. Hedge funds and other institutional investors own 16.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on INFY shares. HSBC upgraded Infosys from a “hold” rating to a “buy” rating in a research note on Monday, December 9th. Hsbc Global Res raised Infosys from a “hold” rating to a “strong-buy” rating in a report on Monday, December 9th. Guggenheim reiterated a “neutral” rating on shares of Infosys in a report on Friday, January 17th. StockNews.com upgraded shares of Infosys from a “hold” rating to a “buy” rating in a research note on Wednesday, January 22nd. Finally, BMO Capital Markets increased their price objective on shares of Infosys from $23.00 to $25.00 and gave the stock a “market perform” rating in a research note on Friday, October 18th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $20.22.

Infosys Price Performance

NYSE:INFY opened at $21.85 on Monday. The company has a 50 day moving average price of $22.40 and a 200-day moving average price of $22.33. Infosys Limited has a 1-year low of $16.04 and a 1-year high of $23.63. The firm has a market cap of $90.48 billion, a price-to-earnings ratio of 27.65, a price-to-earnings-growth ratio of 3.64 and a beta of 1.00.

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, meeting analysts’ consensus estimates of $0.19. Infosys had a net margin of 17.28% and a return on equity of 31.60%. During the same period in the previous year, the business earned $0.18 earnings per share. On average, sell-side analysts anticipate 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.