Wealthstream Advisors Inc. Purchases 1,009 Shares of Infosys Limited (NYSE:INFY)

Wealthstream Advisors Inc. raised its holdings in Infosys Limited (NYSE:INFY) by 9.8% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 11,354 shares of the technology company’s stock after purchasing an additional 1,009 shares during the period. Wealthstream Advisors Inc.’s holdings in Infosys were worth $249,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in INFY. Sierra Ocean LLC acquired a new stake in shares of Infosys during the 4th quarter valued at about $29,000. Mizuho Securities Co. Ltd. acquired a new stake in Infosys during the third quarter valued at approximately $33,000. Brooklyn Investment Group bought a new stake in shares of Infosys in the 4th quarter valued at approximately $52,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Infosys in the 3rd quarter worth approximately $57,000. Finally, GAMMA Investing LLC lifted its position in shares of 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 buying an additional 560 shares during the period. Institutional investors and hedge funds own 16.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. StockNews.com upgraded Infosys from a “hold” rating to a “buy” rating in a research report on Wednesday, January 22nd. Guggenheim reaffirmed a “neutral” rating on shares of Infosys in a report on Friday, January 17th. Hsbc Global Res upgraded shares of Infosys from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 9th. Finally, HSBC upgraded shares of Infosys from a “hold” rating to a “buy” rating in a research report on Monday, December 9th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Infosys presently has a consensus rating of “Hold” and a consensus target price of $20.22.

Infosys Stock Down 0.9 %

Shares of NYSE INFY opened at $21.17 on Monday. Infosys Limited has a 12-month low of $16.04 and a 12-month high of $23.63. The firm’s 50-day simple moving average is $22.13 and its 200 day simple moving average is $22.31. The company has a market cap of $87.67 billion, a price-to-earnings ratio of 26.79, a price-to-earnings-growth ratio of 3.50 and a beta of 1.00.

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

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.