1 day Ago By ABMN Staff
Commonwealth Equity Services LLC decreased its stake in Infosys Limited ( NYSE:INFY – Free Report ) by 6.1% during the 2nd quarter, Holdings Channel reports. The firm 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. Other institutional investors have also modified their holdings of the company. First Personal Financial Services lifted its stake in shares of 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 in the last quarter. Signaturefd LLC raised its stake in 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 period. Modera Wealth Management LLC raised its stake in 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 period. Wealthstream Advisors Inc.
purchased a new position in Infosys during the second quarter worth about $211,000. Finally, Panagora Asset Management Inc. increased its position 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 acquiring an additional 348,018 shares during the last quarter.
Institutional investors and hedge funds own 10.89% of the company’s stock. Analysts Set New Price Targets A number of equities research analysts have weighed in on the stock.
StockNews.com upgraded shares of Infosys from a “hold” rating to a “buy” rating in a research report on Friday, September 13th. Erste Group Bank upgraded shares of Infosys from a “hold” rating to a “buy” rating in a report on Wednesday, September 11th.
Finally, Macquarie upgraded shares of Infosys from an “underperform” rating to a “neutral” rating in a report on Friday, July 19th. One 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. According to MarketBeat.
com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $19.27. Infosys Stock Down 0.
9 % NYSE INFY opened at $22.97 on Wednesday. Infosys Limited has a 52 week low of $16.
04 and a 52 week high of $23.48. The stock has a market capitalization of $95.
09 billion, a PE ratio of 30.22, a price-to-earnings-growth ratio of 3.63 and a beta of 0.
99. The firm has a 50 day moving average of $22.06 and a two-hundred day moving average of $19.
34. Infosys ( NYSE:INFY – Get Free Report ) last issued its quarterly earnings data on Thursday, July 18th. The technology company reported $0.
18 earnings per share for the quarter, hitting the consensus estimate of $0.18. The business had revenue of $4.
71 billion during the quarter, compared to the consensus estimate 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 previous year, the firm earned $0.
17 EPS. On average, equities research analysts expect that Infosys Limited will post 0.75 earnings per share for the current fiscal year.
Infosys Company Profile ( 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 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.com's FREE daily email newsletter .
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