Dorsey Wright & Associates Purchases New Position in Infosys Limited (NYSE:INFY)

Dorsey Wright & Associates purchased a new position in shares of Infosys Limited (NYSE:INFY) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 113,637 shares of the technology company’s stock, valued at approximately $2,491,000.

Several other institutional investors also recently bought and sold shares of the business. Sierra Ocean LLC acquired a new stake in Infosys in the 4th quarter valued at $29,000. Brooklyn Investment Group purchased a new position in Infosys during the fourth quarter valued at $52,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Infosys in the third quarter valued at about $57,000. Farther Finance Advisors LLC increased its stake in shares of Infosys by 69.7% during the fourth 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 in the last quarter. Finally, GAMMA Investing LLC raised its position in shares of Infosys by 14.2% during the 4th quarter. GAMMA Investing LLC now owns 4,496 shares of the technology company’s stock worth $99,000 after purchasing an additional 560 shares during the last quarter. 16.20% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently issued reports on INFY. StockNews.com cut Infosys from a “buy” rating to a “hold” rating in a report on Thursday, March 20th. HSBC upgraded Infosys from a “hold” rating to a “buy” rating in a research report on Monday, December 9th. CLSA raised shares of Infosys from a “hold” rating to an “outperform” rating in a research note on Friday, March 7th. Hsbc Global Res upgraded shares of Infosys from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 9th. Finally, Guggenheim restated a “neutral” rating on shares of Infosys in a research report on Friday, January 17th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Infosys currently has a consensus rating of “Hold” and an average price target of $19.70.

Infosys Trading Down 2.7 %

Shares of INFY stock opened at $18.17 on Friday. Infosys Limited has a twelve month low of $16.04 and a twelve month high of $23.63. The stock has a market cap of $75.26 billion, a price-to-earnings ratio of 23.00, a PEG ratio of 3.50 and a beta of 1.01. The company’s 50-day moving average price is $20.45 and its 200-day moving average price is $21.75.

Infosys (NYSE:INFY) last announced its quarterly earnings results on Thursday, January 16th. The technology company reported $0.19 earnings per share (EPS) for the quarter, hitting 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 in the prior year, the company posted $0.18 earnings per share. As a group, equities research analysts predict that Infosys Limited will post 0.74 EPS for the current 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.