Freedom Day Solutions LLC Has $2.18 Million Stock Position in Infosys Limited (NYSE:INFY)

Freedom Day Solutions LLC raised its position in shares of Infosys Limited (NYSE:INFY) by 12.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 99,202 shares of the technology company’s stock after purchasing an additional 10,745 shares during the period. Freedom Day Solutions LLC’s holdings in Infosys were worth $2,175,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. SG Americas Securities LLC bought a new stake in shares of Infosys during the fourth quarter worth $311,000. International Assets Investment Management LLC bought a new stake in shares of Infosys during the third quarter worth $16,560,000. Haven Global Partners LLC bought a new stake in shares of Infosys during the fourth quarter worth $4,078,000. Nomura Asset Management Co. Ltd. grew its stake in shares of Infosys by 22.5% during the third quarter. Nomura Asset Management Co. Ltd. now owns 670,907 shares of the technology company’s stock worth $14,941,000 after buying an additional 123,083 shares during the last quarter. Finally, Barclays PLC grew its stake in shares of Infosys by 11.8% during the third quarter. Barclays PLC now owns 2,523,605 shares of the technology company’s stock worth $56,200,000 after buying an additional 266,902 shares during the last quarter. 16.20% of the stock is currently owned by institutional investors and hedge funds.

Infosys Trading Down 1.1 %

Shares of INFY opened at $21.18 on Thursday. The stock has a market capitalization of $87.74 billion, a P/E ratio of 26.81, a price-to-earnings-growth ratio of 3.53 and a beta of 1.00. The firm’s fifty day simple moving average is $22.22 and its two-hundred day simple moving average is $22.30. Infosys Limited has a 12 month low of $16.04 and a 12 month high of $23.63.

Infosys (NYSE:INFY) last issued its quarterly earnings results on Thursday, January 16th. The technology company reported $0.19 EPS for the quarter, meeting 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 in the previous year, the company earned $0.18 EPS. As a group, research analysts predict that Infosys Limited will post 0.74 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on INFY. Hsbc Global Res raised shares of Infosys from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 9th. Guggenheim reissued a “neutral” rating on shares of Infosys in a research note on Friday, January 17th. HSBC raised shares of Infosys from a “hold” rating to a “buy” rating in a research note on Monday, December 9th. Finally, StockNews.com raised shares of Infosys from a “hold” rating to a “buy” rating in a research note on Wednesday, January 22nd. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target 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.