FDx Advisors Inc. grew its holdings in shares of Infosys Ltd (NYSE:INFY) by 3.5% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 27,989 shares of the technology company’s stock after purchasing an additional 954 shares during the quarter. FDx Advisors Inc.’s holdings in Infosys were worth $299,000 at the end of the most recent quarter.
Several other institutional investors have also modified their holdings of INFY. Next Capital Management LLC bought a new stake in Infosys in the first quarter valued at $26,000. Financial Gravity Wealth Inc. purchased a new position in Infosys during the first quarter valued at $27,000. NEXT Financial Group Inc raised its position in shares of Infosys by 85.7% in the 2nd quarter. NEXT Financial Group Inc now owns 2,492 shares of the technology company’s stock worth $27,000 after purchasing an additional 1,150 shares during the last quarter. Asahi Life Asset Management CO. LTD. purchased a new position in shares of Infosys in the 1st quarter worth about $31,000. Finally, American Beacon Advisors Inc. raised its position in shares of Infosys by 56.2% in the 1st quarter. American Beacon Advisors Inc. now owns 3,139 shares of the technology company’s stock worth $34,000 after purchasing an additional 1,129 shares during the last quarter. 17.28% of the stock is currently owned by institutional investors.
Several equities research analysts recently commented on INFY shares. Citigroup upgraded Infosys from a “neutral” rating to a “buy” rating in a report on Friday, July 12th. BMO Capital Markets set a $13.00 price objective on Infosys and gave the company a “hold” rating in a research note on Monday, July 15th. Wedbush reiterated a “neutral” rating on shares of Infosys in a research note on Friday, July 12th. ValuEngine cut Infosys from a “hold” rating to a “sell” rating in a report on Tuesday, July 2nd. Finally, Wells Fargo & Co set a $12.00 price target on Infosys and gave the company a “hold” rating in a report on Friday, May 31st. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and one has given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $10.96.Shares of Infosys stock traded up $0.05 during trading hours on Wednesday, hitting $11.20. 5,493,074 shares of the company’s stock traded hands, compared to its average volume of 10,074,503. The company has a market cap of $47.46 billion, a PE ratio of 20.74, a PEG ratio of 2.13 and a beta of 0.53. Infosys Ltd has a twelve month low of $8.85 and a twelve month high of $11.64. The stock has a 50 day simple moving average of $11.23 and a 200-day simple moving average of $10.79.
Infosys (NYSE:INFY) last posted its quarterly earnings results on Friday, July 12th. The technology company reported $0.13 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.13. The business had revenue of $218.03 billion during the quarter, compared to the consensus estimate of $216.51 billion. Infosys had a return on equity of 25.55% and a net margin of 18.26%. The company’s revenue for the quarter was up 14.0% compared to the same quarter last year. During the same period last year, the firm earned $0.13 earnings per share. As a group, sell-side analysts anticipate that Infosys Ltd will post 0.55 EPS for the current fiscal year.
Infosys Limited, together with its subsidiaries, provides consulting, technology, and outsourcing services in North America, Europe, India, and internationally. It provides business information technology services, including application development and maintenance, independent validation, infrastructure management, and business process management services, as well as engineering services, such as engineering and life cycle solutions; and consulting and systems integration services comprising consulting, enterprise solutions, systems integration, and advanced technologies.
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