Calamos Wealth Management LLC Purchases 1,155 Shares of Infosys Limited (NYSE:INFY)

Calamos Wealth Management LLC increased its position in Infosys Limited (NYSE:INFY) by 1.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 81,468 shares of the technology company’s stock after purchasing an additional 1,155 shares during the quarter. Calamos Wealth Management LLC’s holdings in Infosys were worth $1,786,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Mizuho Securities Co. Ltd. acquired a new stake in shares of Infosys in the third quarter valued at approximately $33,000. Brooklyn Investment Group acquired a new stake in Infosys during the 4th quarter valued at $52,000. Wilmington Savings Fund Society FSB acquired a new stake in Infosys during the 3rd quarter valued at $57,000. Whittier Trust Co. of Nevada Inc. boosted its position in Infosys by 25.3% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 3,795 shares of the technology company’s stock worth $85,000 after purchasing an additional 766 shares during the period. Finally, GAMMA Investing LLC raised its position in shares of Infosys by 34.3% in the third quarter. GAMMA Investing LLC now owns 3,936 shares of the technology company’s stock valued at $88,000 after purchasing an additional 1,005 shares during the period. 16.20% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on INFY. BMO Capital Markets upped their price target on shares of Infosys from $23.00 to $25.00 and gave the company a “market perform” rating in a research note on Friday, October 18th. StockNews.com upgraded Infosys from a “hold” rating to a “buy” rating in a research note on Wednesday, January 22nd. Guggenheim restated a “neutral” rating on shares of Infosys in a research note on Friday, January 17th. HSBC upgraded Infosys from a “hold” rating to a “buy” rating in a research report on Monday, December 9th. Finally, Hsbc Global Res raised shares of Infosys from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 9th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $20.22.

Infosys Stock Up 0.2 %

Shares of Infosys stock opened at $21.99 on Tuesday. The firm’s 50-day moving average price is $22.46 and its two-hundred day moving average price is $22.33. The company has a market capitalization of $91.06 billion, a price-to-earnings ratio of 27.83, a PEG ratio of 3.60 and a beta of 1.00. Infosys Limited has a 12-month low of $16.04 and a 12-month high of $23.63.

Infosys (NYSE:INFY) last announced its quarterly earnings data on Thursday, January 16th. The technology company reported $0.19 EPS for the quarter, meeting the consensus estimate 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 prior year, the company earned $0.18 earnings per share. On average, sell-side analysts expect that Infosys Limited will post 0.74 earnings per share for the current year.

Infosys Company 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.