12,361 Shares in Infosys Limited (NYSE:INFY) Acquired by CogentBlue Wealth Advisors LLC

CogentBlue Wealth Advisors LLC bought a new stake in shares of Infosys Limited (NYSE:INFY) in the fourth quarter, Holdings Channel.com reports. The fund bought 12,361 shares of the technology company’s stock, valued at approximately $271,000.

Other hedge funds have also recently added to or reduced their stakes in the company. SG Americas Securities LLC acquired a new position in shares of Infosys in the 4th quarter valued at about $311,000. International Assets Investment Management LLC bought a new position in shares of Infosys during the 3rd quarter worth approximately $16,560,000. Haven Global Partners LLC acquired a new stake in shares of Infosys during the 4th quarter worth approximately $4,078,000. Nomura Asset Management Co. Ltd. increased its stake in shares of Infosys by 22.5% in 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 lifted its position 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 acquiring an additional 266,902 shares during the period. Institutional investors own 16.20% of the company’s stock.

Infosys Stock Down 1.1 %

Shares of NYSE:INFY opened at $21.18 on Thursday. The stock has a market cap of $87.74 billion, a price-to-earnings ratio of 26.81, a PEG ratio of 3.53 and a beta of 1.00. The business’s 50 day moving average is $22.22 and its 200 day moving average is $22.30. Infosys Limited has a 12-month low of $16.04 and a 12-month high of $23.63.

Infosys (NYSE:INFY) last posted its earnings results on Thursday, January 16th. The technology company reported $0.19 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.19. Infosys had a net margin of 17.28% and a return on equity of 31.60%. During the same period last year, the business posted $0.18 earnings per share. As a group, equities research analysts expect that Infosys Limited will post 0.74 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on INFY shares. Hsbc Global Res upgraded shares of Infosys from a “hold” rating to a “strong-buy” rating in a report on Monday, December 9th. Guggenheim reiterated a “neutral” rating on shares of Infosys in a report on Friday, January 17th. StockNews.com upgraded Infosys from a “hold” rating to a “buy” rating in a report on Wednesday, January 22nd. Finally, HSBC upgraded Infosys from a “hold” rating to a “buy” rating in a report on Monday, December 9th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average 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.