Ovata Capital Management Ltd Boosts Stock Holdings in Infosys Limited (NYSE:INFY)

Ovata Capital Management Ltd increased its position in shares of Infosys Limited (NYSE:INFY) by 1.5% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 599,039 shares of the technology company’s stock after buying an additional 8,975 shares during the period. Infosys makes up 5.0% of Ovata Capital Management Ltd’s holdings, making the stock its 6th biggest holding. Ovata Capital Management Ltd’s holdings in Infosys were worth $13,131,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of INFY. Sierra Ocean LLC bought a new position in shares of Infosys during the 4th quarter worth approximately $29,000. Brooklyn Investment Group acquired a new stake in Infosys in the fourth quarter worth $52,000. Wilmington Savings Fund Society FSB bought a new stake in Infosys in the third quarter valued at $57,000. Farther Finance Advisors LLC raised its holdings in shares of Infosys by 69.7% during the fourth quarter. Farther Finance Advisors LLC now owns 3,115 shares of the technology company’s stock valued at $68,000 after purchasing an additional 1,279 shares during the period. Finally, GAMMA Investing LLC boosted its position in shares of Infosys by 14.2% during the 4th quarter. GAMMA Investing LLC now owns 4,496 shares of the technology company’s stock worth $99,000 after purchasing an additional 560 shares in the last quarter. Institutional investors and hedge funds own 16.20% of the company’s stock.

Infosys Stock Down 4.5 %

Infosys stock opened at $16.58 on Friday. The stock has a market cap of $68.66 billion, a P/E ratio of 20.98, a P/E/G ratio of 3.50 and a beta of 1.01. The company’s 50 day moving average price is $20.08 and its two-hundred day moving average price is $21.58. Infosys Limited has a 52 week low of $16.04 and a 52 week high of $23.63.

Infosys (NYSE:INFY) last announced its quarterly earnings data on Thursday, January 16th. The technology company reported $0.19 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.19. Infosys had a return on equity of 31.60% and a net margin of 17.28%. During the same period in the prior year, the firm posted $0.18 earnings per share. On average, equities analysts anticipate that Infosys Limited will post 0.74 EPS for the current year.

Wall Street Analysts Forecast Growth

INFY has been the topic of a number of research reports. CLSA raised Infosys from a “hold” rating to an “outperform” rating in a research note on Friday, March 7th. Guggenheim reissued a “neutral” rating on shares of Infosys in a research report on Friday, January 17th. Hsbc Global Res upgraded shares of Infosys from a “hold” rating to a “strong-buy” rating in a report on Monday, December 9th. HSBC upgraded shares of Infosys from a “hold” rating to a “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 report on Thursday, March 20th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $19.70.

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.