BHK Investment Advisors LLC Purchases 507 Shares of Infosys Limited (NYSE:INFY)

BHK Investment Advisors LLC lifted its position in Infosys Limited (NYSE:INFY) by 2.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 22,785 shares of the technology company’s stock after purchasing an additional 507 shares during the quarter. BHK Investment Advisors LLC’s holdings in Infosys were worth $499,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. International Assets Investment Management LLC bought a new stake in Infosys during the third quarter valued at approximately $16,560,000. Mount Yale Investment Advisors LLC purchased a new stake in shares of Infosys during the 3rd quarter valued at $282,000. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Infosys by 188.9% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 87,794 shares of the technology company’s stock worth $1,955,000 after acquiring an additional 57,400 shares during the last quarter. Modera Wealth Management LLC grew its position in Infosys by 0.4% in the third quarter. Modera Wealth Management LLC now owns 183,028 shares of the technology company’s stock worth $4,076,000 after acquiring an additional 653 shares in the last quarter. Finally, abrdn plc increased its stake in Infosys by 164.4% in the third quarter. abrdn plc now owns 321,227 shares of the technology company’s stock valued at $7,123,000 after acquiring an additional 199,748 shares during the last quarter. Hedge funds and other institutional investors own 16.20% of the company’s stock.

Infosys Stock Performance

Shares of INFY stock opened at $20.79 on Tuesday. The company has a market capitalization of $86.09 billion, a P/E ratio of 26.31, a PEG ratio of 3.50 and a beta of 1.00. Infosys Limited has a fifty-two week low of $16.04 and a fifty-two week high of $23.63. The stock has a 50 day moving average price of $22.08 and a two-hundred day moving average price of $22.31.

Infosys (NYSE:INFY) last posted its quarterly 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 net margin of 17.28% and a return on equity of 31.60%. During the same quarter last year, the company posted $0.18 earnings per share. As a group, equities analysts predict that Infosys Limited will post 0.74 earnings per share for the current year.

Analyst Ratings Changes

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

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.