Alps Advisors Inc. Has $312,000 Position in Infosys Ltd. (INFY)
Alps Advisors Inc. increased its position in Infosys Ltd. (NYSE:INFY) by 46.5% during the second quarter, Holdings Channel reports. The institutional investor owned 17,497 shares of the company’s stock after buying an additional 5,556 shares during the period. Alps Advisors Inc.’s holdings in Infosys were worth $312,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently bought and sold shares of the company. BlackRock Inc. boosted its position in Infosys by 15.0% in the first quarter. BlackRock Inc. now owns 291,428 shares of the company’s stock worth $5,543,000 after buying an additional 38,093 shares in the last quarter. NN Investment Partners Holdings N.V. bought a new position in Infosys during the first quarter worth about $969,000. M&T Bank Corp bought a new position in Infosys during the first quarter worth about $213,000. Credit Agricole S A boosted its position in Infosys by 326.1% in the first quarter. Credit Agricole S A now owns 2,444,178 shares of the company’s stock worth $46,488,000 after buying an additional 1,870,619 shares in the last quarter. Finally, BB&T Securities LLC bought a new position in Infosys during the first quarter worth about $9,044,000. 17.61% of the stock is owned by institutional investors and hedge funds.
Infosys Ltd. (NYSE:INFY) traded up 4.52% during trading on Thursday, reaching $16.65. 10,413,926 shares of the company’s stock traded hands. The stock has a market cap of $38.06 billion, a P/E ratio of 18.30 and a beta of 1.07. The firm’s 50 day moving average price is $16.01 and its 200-day moving average price is $17.53. Infosys Ltd. has a one year low of $15.48 and a one year high of $20.47.
Infosys (NYSE:INFY) last released its quarterly earnings results on Friday, July 15th. The company reported $0.22 EPS for the quarter, missing the consensus estimate of $0.23 by $0.01. Infosys had a net margin of 21.41% and a return on equity of 23.24%. The business earned $2.50 billion during the quarter. During the same period last year, the business posted $0.21 EPS. Infosys’s revenue was up 16.9% compared to the same quarter last year. On average, equities analysts anticipate that Infosys Ltd. will post $0.95 earnings per share for the current fiscal year.
A number of research firms have recently weighed in on INFY. Pacific Crest reiterated a “hold” rating on shares of Infosys in a research note on Monday. Zacks Investment Research upgraded shares of Infosys from a “sell” rating to a “hold” rating in a research note on Thursday, September 29th. Cantor Fitzgerald reiterated a “hold” rating and issued a $17.00 price objective on shares of Infosys in a research note on Monday, September 12th. Wedbush began coverage on shares of Infosys in a research note on Thursday, September 8th. They issued a “neutral” rating and a $18.00 price objective on the stock. Finally, Wells Fargo & Co. reiterated a “hold” rating on shares of Infosys in a research note on Tuesday, August 16th. Thirteen analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $17.97.
Infosys Company Profile
Infosys Limited is engaged in consulting, technology, outsourcing and next-generation services. The Company, along with its subsidiaries, provides business information technology services comprising application development and maintenance, independent validation, infrastructure management, engineering services comprising product engineering and life cycle solutions and business process management; consulting and systems integration services comprising consulting, enterprise solutions, systems integration and advanced technologies; products, business platforms and solutions to accelerate intellectual property-led innovation, including Finacle, its banking solution, and offerings in the areas of Analytics, Cloud and Digital Transformation.
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