1 day Ago By Defense World Staff
Commonwealth Equity Services LLC reduced its position in shares of Infosys Limited ( NYSE:INFY – Free Report ) by 6.1% in the second quarter, according to its most recent filing with the SEC. The fund owned 53,818 shares of the technology company’s stock after selling 3,472 shares during the quarter.
Commonwealth Equity Services LLC’s holdings in Infosys were worth $1,002,000 at the end of the most recent reporting period. A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. First Personal Financial Services lifted its position in Infosys by 1.
4% in the second quarter. First Personal Financial Services now owns 255,700 shares of the technology company’s stock worth $4,761,000 after buying an additional 3,647 shares during the last quarter. Signaturefd LLC lifted its position in shares of Infosys by 3.
9% during the second quarter. Signaturefd LLC now owns 85,356 shares of the technology company’s stock worth $1,589,000 after purchasing an additional 3,241 shares during the last quarter. Modera Wealth Management LLC lifted its position in shares of Infosys by 5.
0% during the second quarter. Modera Wealth Management LLC now owns 182,375 shares of the technology company’s stock worth $3,396,000 after purchasing an additional 8,711 shares during the last quarter. Wealthstream Advisors Inc.
purchased a new position in shares of Infosys during the second quarter valued at $211,000. Finally, Panagora Asset Management Inc. increased its stake in shares of Infosys by 52.
5% during the second quarter. Panagora Asset Management Inc. now owns 1,010,512 shares of the technology company’s stock valued at $18,816,000 after buying an additional 348,018 shares during the period.
10.89% of the stock is currently owned by institutional investors. Analysts Set New Price Targets INFY has been the topic of several research reports.
Macquarie upgraded Infosys from an “underperform” rating to a “neutral” rating in a research note on Friday, July 19th. Erste Group Bank upgraded Infosys from a “hold” rating to a “buy” rating in a research note on Wednesday, September 11th. Finally, StockNews.
com upgraded Infosys from a “hold” rating to a “buy” rating in a research note on Friday, September 13th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.
com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $19.27. Infosys Stock Down 0.
9 % Infosys stock opened at $22.97 on Wednesday. The stock has a 50-day moving average price of $22.
06 and a 200 day moving average price of $19.34. The company has a market capitalization of $95.
09 billion, a price-to-earnings ratio of 30.22, a price-to-earnings-growth ratio of 3.63 and a beta of 0.
99. Infosys Limited has a 52 week low of $16.04 and a 52 week high of $23.
48. Infosys ( NYSE:INFY – Get Free Report ) last released its quarterly earnings data on Thursday, July 18th. The technology company reported $0.
18 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.18. The firm had revenue of $4.
71 billion for the quarter, compared to analyst estimates of $4.67 billion. Infosys had a net margin of 17.
18% and a return on equity of 32.01%. During the same quarter in the prior year, the business earned $0.
17 earnings per share. Research analysts anticipate that Infosys Limited will post 0.75 EPS for the current fiscal year.
About Infosys ( Free Report ) Infosys Limited, together with its subsidiaries, provides consulting, technology, outsourcing, and next-generation digital services in North America, Europe, India, and internationally. It provides digital marketing and digital workplace, digital commerce, digital experience and interactions, metaverse, data analytics and AI, applied AI, generative AI, sustainability, blockchain, engineering, Internet of Things, enterprise agile DevOps, application modernization, cloud, digital process automation, digital supply chain, Microsoft business application and cloud business, service experience transformation, energy transition, cyber security, and quality engineering solutions; Oracle, SAP, and Saleforce solutions; API economy and microservices; and Topaz, an AI-first set of services, solutions, and platforms using generative AI technologies. See Also Five stocks we like better than Infosys Want to Profit on the Downtrend? Downtrends, Explained.
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