Diversify Wealth Management LLC Takes Position in Infosys Limited (NYSE:INFY)

Diversify Wealth Management LLC purchased a new position in Infosys Limited (NYSE:INFY) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 34,667 shares of the technology company’s stock, valued at approximately $787,000.

A number of other large investors have also added to or reduced their stakes in INFY. Mizuho Securities Co. Ltd. purchased a new position in shares of Infosys during the 3rd quarter valued at $33,000. Brooklyn Investment Group purchased a new stake in Infosys during the fourth quarter valued at about $52,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Infosys in the third quarter worth about $57,000. Whittier Trust Co. of Nevada Inc. raised its position in shares of Infosys by 25.3% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 3,795 shares of the technology company’s stock valued at $85,000 after purchasing an additional 766 shares during the period. Finally, GAMMA Investing LLC lifted its stake in shares of Infosys by 34.3% during the 3rd quarter. GAMMA Investing LLC now owns 3,936 shares of the technology company’s stock valued at $88,000 after buying an additional 1,005 shares in the last quarter. Hedge funds and other institutional investors own 16.20% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on INFY shares. Hsbc Global Res upgraded shares of Infosys from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 9th. StockNews.com lowered Infosys from a “buy” rating to a “hold” rating in a research note on Friday, January 3rd. Guggenheim restated a “neutral” rating on shares of Infosys in a research note on Friday, January 17th. HSBC upgraded Infosys from a “hold” rating to a “buy” rating in a research report on Monday, December 9th. Finally, Investec lowered shares of Infosys from a “hold” rating to a “sell” rating in a research report on Thursday, October 3rd. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $20.22.

Infosys Price Performance

Shares of NYSE:INFY opened at $21.11 on Wednesday. The company’s fifty day moving average price is $22.51 and its 200-day moving average price is $22.22. The firm has a market capitalization of $87.44 billion, a price-to-earnings ratio of 26.72, a PEG ratio of 3.45 and a beta of 1.00. Infosys Limited has a one year low of $16.04 and a one year high of $23.63.

Infosys (NYSE:INFY) last released its quarterly earnings results on Thursday, January 16th. The technology company reported $0.19 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.19. Infosys had a return on equity of 31.60% and a net margin of 17.28%. During the same quarter in the prior year, the business earned $0.18 EPS. As a group, equities research analysts expect that Infosys Limited will post 0.74 EPS for the current year.

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.