4 days Ago By ABMN Staff
Envestnet Asset Management Inc. grew its holdings in shares of Infosys Limited ( NYSE:INFY – Free Report ) by 14.5% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission.
The fund owned 721,304 shares of the technology company’s stock after purchasing an additional 91,601 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Infosys were worth $15,811,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also recently made changes to their positions in the business. Sierra Ocean LLC purchased a new stake in Infosys during the fourth quarter valued at approximately $29,000. Brooklyn Investment Group bought a new stake in shares of Infosys during the 4th quarter valued at $52,000.
Wilmington Savings Fund Society FSB purchased a new stake in shares of Infosys in the 3rd quarter worth $57,000. Farther Finance Advisors LLC raised its holdings in Infosys by 69.7% in the 4th quarter.
Farther Finance Advisors LLC now owns 3,115 shares of the technology company’s stock worth $68,000 after purchasing an additional 1,279 shares during the period. Finally, GAMMA Investing LLC lifted 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 purchasing an additional 560 shares in the last quarter. Institutional investors own 16.20% of the company’s stock.
Infosys Stock Performance Shares of NYSE:INFY opened at $17.03 on Wednesday. The firm has a market cap of $70.
52 billion, a price-to-earnings ratio of 21.55, a P/E/G ratio of 3.50 and a beta of 0.
97. The firm has a fifty day moving average price of $19.19 and a 200 day moving average price of $21.
22. Infosys Limited has a fifty-two week low of $16.04 and a fifty-two week high of $23.
63. Analyst Upgrades and Downgrades INFY has been the topic of several recent research reports. Stifel Nicolaus decreased their price objective on Infosys from $22.
00 to $18.00 and set a “hold” rating on the stock in a research note on Tuesday. Guggenheim restated a “neutral” rating on shares of Infosys in a research note on Friday, January 17th.
StockNews.com lowered shares of Infosys from a “buy” rating to a “hold” rating in a research report on Tuesday. Susquehanna upgraded shares of Infosys from a “negative” rating to a “neutral” rating and set a $17.
00 price objective on the stock in a research report on Monday. Finally, CLSA raised shares of Infosys from a “hold” rating to an “outperform” rating in a report on Friday, March 7th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock.
According to data from MarketBeat.com, Infosys has an average rating of “Hold” and a consensus price target of $20.03.
Check Out Our Latest Research Report on INFY Infosys Profile ( Free Report ) 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.
Featured Stories Want to see what other hedge funds are holding INFY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Infosys Limited ( NYSE:INFY – Free Report ). Receive News & Ratings for Infosys Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Infosys and related companies with MarketBeat.
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