Geneos Wealth Management Inc. Has $1.05 Million Stock Position in Infosys Limited (NYSE:INFY)

Geneos Wealth Management Inc. raised its holdings in shares of Infosys Limited (NYSE:INFY) by 1.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 47,919 shares of the technology company’s stock after purchasing an additional 682 shares during the period. Geneos Wealth Management Inc.’s holdings in Infosys were worth $1,050,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of INFY. Mercer Global Advisors Inc. ADV raised its position in shares of Infosys by 2.9% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 17,632 shares of the technology company’s stock valued at $328,000 after acquiring an additional 505 shares during the last quarter. Bank of Montreal Can increased its holdings in Infosys by 333.5% in the second quarter. Bank of Montreal Can now owns 90,597 shares of the technology company’s stock valued at $1,687,000 after purchasing an additional 69,697 shares during the last quarter. The Manufacturers Life Insurance Company lifted its stake in Infosys by 20.7% in the second quarter. The Manufacturers Life Insurance Company now owns 686,251 shares of the technology company’s stock valued at $12,778,000 after buying an additional 117,805 shares during the period. Creative Planning boosted its holdings in Infosys by 40.1% during the second quarter. Creative Planning now owns 317,218 shares of the technology company’s stock worth $5,907,000 after buying an additional 90,781 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its position in shares of Infosys by 10.6% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 54,158 shares of the technology company’s stock worth $1,008,000 after buying an additional 5,174 shares during the period. Institutional investors own 16.20% of the company’s stock.

Infosys Price Performance

INFY stock opened at $21.53 on Tuesday. The business has a 50-day moving average of $22.49 and a 200-day moving average of $22.28. Infosys Limited has a fifty-two week low of $16.04 and a fifty-two week high of $23.63. The stock has a market capitalization of $89.15 billion, a P/E ratio of 27.25, a P/E/G ratio of 3.54 and a beta of 1.00.

Infosys (NYSE:INFY) last released its quarterly earnings results on Thursday, January 16th. The technology company reported $0.19 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.19. Infosys had a return on equity of 31.60% and a net margin of 17.28%. During the same quarter in the prior year, the company posted $0.18 earnings per share. Equities analysts expect that Infosys Limited will post 0.74 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. BMO Capital Markets lifted their price objective on shares of Infosys from $23.00 to $25.00 and gave the stock a “market perform” rating in a research note on Friday, October 18th. Investec lowered shares of Infosys from a “hold” rating to a “sell” rating in a report on Thursday, October 3rd. Hsbc Global Res upgraded shares of Infosys from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 9th. HSBC raised Infosys from a “hold” rating to a “buy” rating in a research note on Monday, December 9th. Finally, Guggenheim reiterated a “neutral” rating on shares of Infosys in a report on Friday, January 17th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Infosys presently has a consensus rating of “Hold” and a consensus target price of $20.22.

Infosys 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.