BHK Investment Advisors LLC Acquires 507 Shares of Infosys Limited (NYSE:INFY)

BHK Investment Advisors LLC boosted its stake in Infosys Limited (NYSE:INFY) by 2.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 22,785 shares of the technology company’s stock after acquiring an additional 507 shares during the period. BHK Investment Advisors LLC’s holdings in Infosys were worth $499,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in INFY. SG Americas Securities LLC bought a new stake in shares of Infosys during the 4th quarter valued at about $311,000. International Assets Investment Management LLC purchased a new stake in Infosys in the third quarter worth about $16,560,000. Haven Global Partners LLC purchased a new stake in Infosys in the fourth quarter worth about $4,078,000. Nomura Asset Management Co. Ltd. boosted its position in Infosys by 22.5% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 670,907 shares of the technology company’s stock valued at $14,941,000 after acquiring an additional 123,083 shares in the last quarter. Finally, Barclays PLC grew its holdings 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 worth $56,200,000 after acquiring an additional 266,902 shares during the period. 16.20% of the stock is owned by hedge funds and other institutional investors.

Infosys Price Performance

Shares of NYSE:INFY opened at $20.79 on Tuesday. The business has a fifty day moving average price of $22.08 and a 200-day moving average price of $22.31. The company has a market capitalization of $86.09 billion, a PE ratio of 26.31, a PEG ratio of 3.50 and a beta of 1.00. Infosys Limited has a 1-year low of $16.04 and a 1-year high of $23.63.

Infosys (NYSE:INFY) last released its quarterly earnings data 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 net margin of 17.28% and a return on equity of 31.60%. During the same quarter last year, the company posted $0.18 earnings per share. On average, sell-side analysts anticipate that Infosys Limited will post 0.74 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. HSBC upgraded Infosys from a “hold” rating to a “buy” rating in a research note on Monday, December 9th. Hsbc Global Res raised Infosys from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 9th. StockNews.com raised shares of Infosys from a “hold” rating to a “buy” rating in a research report on Wednesday, January 22nd. Finally, Guggenheim reiterated a “neutral” rating on shares of Infosys in a research note on Friday, January 17th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Infosys presently has an average rating of “Hold” and a consensus target price of $20.22.

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.