Ethic Inc. Buys 6,194 Shares of Infosys Limited (NYSE:INFY)

Ethic Inc. boosted its stake in Infosys Limited (NYSE:INFY) by 3.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 166,698 shares of the technology company’s stock after acquiring an additional 6,194 shares during the period. Ethic Inc.’s holdings in Infosys were worth $3,654,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. BHK Investment Advisors LLC boosted its stake in shares of Infosys by 2.3% in the 4th quarter. BHK Investment Advisors LLC now owns 22,785 shares of the technology company’s stock valued at $499,000 after purchasing an additional 507 shares during the last quarter. Outlook Wealth Advisors LLC boosted its position in Infosys by 2.8% during the fourth quarter. Outlook Wealth Advisors LLC now owns 18,405 shares of the technology company’s stock valued at $403,000 after acquiring an additional 508 shares during the last quarter. GAMMA Investing LLC grew its holdings in 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 acquiring an additional 560 shares during the period. Kovitz Investment Group Partners LLC raised its position in shares of Infosys by 5.9% in the 4th quarter. Kovitz Investment Group Partners LLC now owns 10,467 shares of the technology company’s stock worth $229,000 after acquiring an additional 579 shares in the last quarter. Finally, Flagship Harbor Advisors LLC lifted its stake in shares of Infosys by 6.2% in the 4th quarter. Flagship Harbor Advisors LLC now owns 11,026 shares of the technology company’s stock valued at $242,000 after purchasing an additional 641 shares during the period. 16.20% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. CLSA raised Infosys from a “hold” rating to an “outperform” rating in a research note on Friday, March 7th. BMO Capital Markets lowered their price objective on shares of Infosys from $25.00 to $18.00 and set a “market perform” rating for the company in a research note on Monday, April 21st. Stifel Nicolaus dropped their target price on shares of Infosys from $18.00 to $17.00 and set a “hold” rating on the stock in a research report on Monday, April 21st. The Goldman Sachs Group cut shares of Infosys from a “buy” rating to a “neutral” rating and set a $17.90 price target for the company. in a report on Monday, April 21st. Finally, Susquehanna upgraded shares of Infosys from a “negative” rating to a “neutral” rating and set a $17.00 price objective on the stock in a report on Monday, April 14th. Seven research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $17.48.

Infosys Price Performance

Shares of NYSE INFY opened at $17.48 on Friday. Infosys Limited has a 1 year low of $15.82 and a 1 year high of $23.63. The stock has a market capitalization of $72.40 billion, a P/E ratio of 22.13, a P/E/G ratio of 3.50 and a beta of 0.98. The company has a 50-day moving average price of $17.81 and a 200-day moving average price of $20.54.

Infosys (NYSE:INFY) last released its quarterly earnings results on Thursday, April 17th. The technology company reported $0.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.01. The business had revenue of $4.79 billion during the quarter, compared to the consensus estimate of $420.69 billion. Infosys had a return on equity of 31.60% and a net margin of 17.28%. During the same quarter in the previous year, the business earned $0.23 EPS. As a group, equities research analysts anticipate that Infosys Limited will post 0.74 earnings per share for the current fiscal year.

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.