Ritholtz Wealth Management Raises Stock Position in Infosys Limited (NYSE:INFY)

Ritholtz Wealth Management lifted its stake in shares of Infosys Limited (NYSE:INFY) by 14.9% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 47,831 shares of the technology company’s stock after acquiring an additional 6,193 shares during the period. Ritholtz Wealth Management’s holdings in Infosys were worth $1,048,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. International Assets Investment Management LLC purchased a new position in shares of Infosys during the third quarter valued at approximately $16,560,000. Nomura Asset Management Co. Ltd. lifted its position in Infosys by 22.5% during the third quarter. Nomura Asset Management Co. Ltd. now owns 670,907 shares of the technology company’s stock valued at $14,941,000 after purchasing an additional 123,083 shares during the period. Barclays PLC grew its stake in shares of Infosys by 11.8% during the 3rd quarter. Barclays PLC now owns 2,523,605 shares of the technology company’s stock valued at $56,200,000 after purchasing an additional 266,902 shares during the period. DGS Capital Management LLC raised its position in Infosys by 15.9% in the third quarter. DGS Capital Management LLC now owns 63,209 shares of the technology company’s stock worth $1,408,000 after acquiring an additional 8,692 shares during the period. Finally, BNP Paribas Financial Markets lifted its position in shares of Infosys by 5.1% during the 3rd quarter. BNP Paribas Financial Markets now owns 6,072,537 shares of the technology company’s stock valued at $135,235,000 after buying an additional 297,183 shares in the last quarter. 16.20% of the stock is owned by hedge funds and other institutional investors.

Infosys Stock Down 1.9 %

INFY stock opened at $21.16 on Monday. The stock has a market capitalization of $87.65 billion, a PE ratio of 27.13, a price-to-earnings-growth ratio of 3.71 and a beta of 1.00. Infosys Limited has a 52 week low of $16.04 and a 52 week high of $23.63. The firm has a 50 day moving average of $22.53 and a 200 day moving average of $22.19.

Infosys (NYSE:INFY) last posted its quarterly earnings data on Thursday, January 16th. The technology company reported $0.19 EPS for the quarter, hitting the consensus estimate of $0.19. Infosys had a net margin of 17.15% and a return on equity of 31.43%. During the same quarter in the prior year, the company earned $0.18 earnings per share. On average, equities research analysts expect that Infosys Limited will post 0.74 earnings per share for the current year.

Analysts Set New Price Targets

INFY has been the subject of a number of research analyst reports. Investec lowered shares of Infosys from a “hold” rating to a “sell” rating in a report on Thursday, October 3rd. HSBC upgraded shares of Infosys from a “hold” rating to a “buy” rating in a research note on Monday, December 9th. BMO Capital Markets upped their target price on Infosys from $23.00 to $25.00 and gave the stock a “market perform” rating in a report on Friday, October 18th. Hsbc Global Res upgraded shares of Infosys from a “hold” rating to a “strong-buy” rating in a report on Monday, December 9th. Finally, StockNews.com lowered shares of Infosys from a “buy” rating to a “hold” rating in a research note on Friday, January 3rd. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $20.22.

About Infosys

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.