Park Avenue Securities LLC Buys Shares of 10,794 Infosys Limited (NYSE:INFY)

Park Avenue Securities LLC purchased a new position in Infosys Limited (NYSE:INFYFree Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 10,794 shares of the technology company’s stock, valued at approximately $237,000.

A number of other institutional investors also recently modified their holdings of INFY. Mizuho Securities Co. Ltd. bought a new stake in Infosys in the third quarter worth approximately $33,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Infosys during the 3rd quarter worth approximately $57,000. Whittier Trust Co. of Nevada Inc. increased its stake in shares of Infosys by 25.3% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 3,795 shares of the technology company’s stock valued at $85,000 after acquiring an additional 766 shares in the last quarter. GAMMA Investing LLC lifted its position 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 acquiring an additional 1,005 shares during the period. Finally, Advisor Resource Council bought a new position in Infosys during the third quarter worth $202,000. 16.20% of the stock is owned by institutional investors.

Infosys Trading Down 0.4 %

Shares of INFY stock opened at $21.70 on Monday. Infosys Limited has a 12 month low of $16.04 and a 12 month high of $23.63. The stock has a market capitalization of $89.86 billion, a P/E ratio of 27.46, a PEG ratio of 3.54 and a beta of 1.00. The firm’s 50 day moving average is $22.49 and its 200 day moving average is $22.26.

Infosys (NYSE:INFYGet Free Report) last posted its earnings results on Thursday, January 16th. The technology company reported $0.19 earnings per share 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 last year, the firm posted $0.18 EPS. On average, equities analysts predict that Infosys Limited will post 0.74 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. HSBC raised Infosys from a “hold” rating to a “buy” rating in a research note on Monday, December 9th. Investec lowered shares of Infosys from a “hold” rating to a “sell” rating in a research note on Thursday, October 3rd. Guggenheim reaffirmed a “neutral” rating on shares of Infosys in a research note on Friday, January 17th. StockNews.com raised shares of Infosys from a “hold” rating to a “buy” rating in a research report on Wednesday, January 22nd. Finally, BMO Capital Markets raised their price target on shares of Infosys from $23.00 to $25.00 and gave the company a “market perform” rating in a research report on Friday, October 18th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Infosys presently has an average rating of “Hold” and an average price target of $20.22.

Read Our Latest Research Report on INFY

Infosys Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Infosys (NYSE:INFY)

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