Cerity Partners LLC Increases Stake in Infosys Limited (NYSE:INFY)

Cerity Partners LLC lifted its stake in Infosys Limited (NYSE:INFY) by 30.5% in the 4th quarter, HoldingsChannel.com reports. The firm owned 78,719 shares of the technology company’s stock after acquiring an additional 18,410 shares during the period. Cerity Partners LLC’s holdings in Infosys were worth $1,447,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. FWL Investment Management LLC purchased a new position in shares of Infosys in the 4th quarter valued at approximately $27,000. Planned Solutions Inc. purchased a new position in shares of Infosys in the 4th quarter valued at approximately $50,000. JFS Wealth Advisors LLC raised its position in shares of Infosys by 88.3% in the 3rd quarter. JFS Wealth Advisors LLC now owns 2,945 shares of the technology company’s stock valued at $50,000 after purchasing an additional 1,381 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. purchased a new position in shares of Infosys in the 3rd quarter valued at approximately $85,000. Finally, Natixis purchased a new position in shares of Infosys in the 4th quarter valued at approximately $110,000. 10.89% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

INFY has been the subject of several research analyst reports. UBS Group raised shares of Infosys from a “neutral” rating to a “buy” rating in a research report on Wednesday, January 3rd. HSBC reissued a “hold” rating and set a $20.10 price target on shares of Infosys in a research report on Friday. JPMorgan Chase & Co. raised shares of Infosys from a “neutral” rating to an “overweight” rating in a research report on Wednesday, January 3rd. Susquehanna reduced their price target on shares of Infosys from $15.00 to $14.00 and set a “negative” rating for the company in a research report on Friday. Finally, BNP Paribas initiated coverage on shares of Infosys in a research report on Wednesday, January 17th. They set an “outperform” rating and a $24.00 price target for the company. One investment analyst has rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $19.27.

Infosys Price Performance

Shares of NYSE INFY opened at $16.81 on Friday. The stock has a market capitalization of $69.58 billion, a price-to-earnings ratio of 22.12, a PEG ratio of 2.18 and a beta of 0.93. Infosys Limited has a 12 month low of $14.71 and a 12 month high of $20.74. The firm’s 50 day simple moving average is $18.80 and its 200-day simple moving average is $18.34.

Infosys (NYSE:INFY) last issued its quarterly earnings data on Thursday, April 18th. The technology company reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.06. The business had revenue of $4.56 billion for the quarter, compared to analysts’ expectations of $4.49 billion. Infosys had a net margin of 17.06% and a return on equity of 33.26%. During the same quarter last year, the company earned $0.18 EPS. Analysts anticipate that Infosys Limited will post 0.76 earnings per share for the current fiscal year.

Infosys Company Profile

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.