Empower Advisory Group LLC acquired a new stake in Infosys Limited (NYSE:INFY – Free Report) during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 16,310 shares of the technology company’s stock, valued at approximately $284,000.
Other institutional investors and hedge funds have also recently modified their holdings of the company. FWL Investment Management LLC acquired a new position in shares of Infosys in the fourth quarter valued at about $27,000. EverSource Wealth Advisors LLC grew its stake in shares of Infosys by 75.6% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,902 shares of the technology company’s stock valued at $34,000 after acquiring an additional 819 shares in the last quarter. WealthPLAN Partners LLC acquired a new stake in Infosys during the first quarter worth approximately $35,000. Grey Fox Wealth Advisors LLC acquired a new stake in Infosys during the fourth quarter worth approximately $37,000. Finally, Syverson Strege & Co acquired a new stake in Infosys during the first quarter worth approximately $46,000. 11.39% of the stock is currently owned by institutional investors and hedge funds.
Infosys Trading Down 2.0 %
INFY opened at $17.75 on Friday. The company’s 50 day moving average is $17.05 and its 200-day moving average is $16.44. Infosys Limited has a 1-year low of $14.71 and a 1-year high of $20.57. The company has a market cap of $73.46 billion, a P/E ratio of 24.65, a PEG ratio of 2.52 and a beta of 0.97.
Analyst Upgrades and Downgrades
A number of equities research analysts recently issued reports on the company. JPMorgan Chase & Co. assumed coverage on Infosys in a research report on Tuesday, May 23rd. They set an “underweight” rating and a $14.00 price target on the stock. Nomura upgraded shares of Infosys from a “reduce” rating to a “neutral” rating in a research note on Friday, September 8th. StockNews.com started coverage on shares of Infosys in a research note on Thursday, August 17th. They set a “hold” rating on the stock. Finally, The Goldman Sachs Group initiated coverage on shares of Infosys in a research note on Tuesday, August 22nd. They set a “buy” rating on the stock. One research analyst has rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $18.00.
View Our Latest Stock Analysis on INFY
About Infosys
Infosys Limited, together with its subsidiaries, provides consulting, technology, outsourcing, and next-generation digital services in North America, Europe, India, and internationally. It provides application management and application development services, independent validation solutions, product engineering and management, infrastructure management services, traditional enterprise application implementation, support, and integration services.
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