Foster & Motley Inc. Buys 9,360 Shares of Infosys Limited (NYSE:INFY)

Foster & Motley Inc. raised its holdings in Infosys Limited (NYSE:INFY) by 5.7% in the fourth quarter, Holdings Channel reports. The fund owned 172,699 shares of the technology company’s stock after acquiring an additional 9,360 shares during the period. Foster & Motley Inc.’s holdings in Infosys were worth $3,174,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Planned Solutions Inc. acquired a new position in Infosys during the fourth quarter valued at approximately $50,000. JFS Wealth Advisors LLC boosted its position in Infosys by 88.3% during the third quarter. JFS Wealth Advisors LLC now owns 2,945 shares of the technology company’s stock valued at $50,000 after purchasing an additional 1,381 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. bought a new stake in Infosys in the third quarter valued at approximately $85,000. Blue Trust Inc. raised its stake in Infosys by 61.8% in the fourth quarter. Blue Trust Inc. now owns 9,443 shares of the technology company’s stock valued at $161,000 after buying an additional 3,606 shares during the period. Finally, Stratos Wealth Partners LTD. bought a new stake in Infosys in the third quarter valued at approximately $172,000. 10.89% of the stock is owned by institutional investors and hedge funds.

Infosys Stock Performance

Shares of INFY stock opened at $17.33 on Tuesday. The stock’s fifty day moving average price is $18.74 and its two-hundred day moving average price is $18.35. The company has a market cap of $71.73 billion, a PE ratio of 22.76, a P/E/G ratio of 2.21 and a beta of 0.93. Infosys Limited has a fifty-two week low of $14.71 and a fifty-two week high of $20.74.

Infosys (NYSE:INFY) last released its quarterly earnings data on Thursday, April 18th. The technology company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.06. Infosys had a return on equity of 32.33% and a net margin of 17.06%. The company had revenue of $4.56 billion for the quarter, compared to the consensus estimate of $4.49 billion. During the same quarter last year, the business posted $0.18 EPS. On average, equities analysts predict that Infosys Limited will post 0.76 EPS for the current fiscal year.

Analyst Ratings Changes

INFY has been the topic of several research analyst reports. Bank of America upgraded Infosys from a “neutral” rating to a “buy” rating in a research note on Tuesday, April 9th. BMO Capital Markets lowered their target price on Infosys from $21.00 to $18.00 and set a “market perform” rating on the stock in a research note on Friday. JPMorgan Chase & Co. upgraded Infosys from a “neutral” rating to an “overweight” rating in a research note on Wednesday, January 3rd. StockNews.com lowered Infosys from a “buy” rating to a “hold” rating in a research note on Tuesday, March 19th. Finally, HSBC reiterated a “hold” rating and set a $20.10 target price on shares of Infosys in a research note on Friday. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, Infosys presently has an average rating of “Hold” and an average price target of $19.27.

Infosys Profile

Infosys Limited, together with its subsidiaries, provides consulting, technology, outsourcing, and next-generation digital services in North America, Europe, India, and internationally. It provides application management and application development services, independent validation solutions, product engineering and management, infrastructure management services, traditional enterprise application implementation, support, and integration services.