GWN Securities Inc. Takes Position in Infosys Limited (NYSE:INFY)

GWN Securities Inc. acquired a new stake in shares of Infosys Limited (NYSE:INFY) in the 4th quarter, Holdings Channel.com reports. The institutional investor acquired 14,800 shares of the technology company’s stock, valued at approximately $321,000.

Other hedge funds have also recently made changes to their positions in the company. Sierra Ocean LLC purchased a new position in shares of Infosys during the fourth quarter valued at approximately $29,000. Brooklyn Investment Group purchased a new position in shares of Infosys during the fourth quarter valued at approximately $52,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Infosys during the third quarter valued at approximately $57,000. Farther Finance Advisors LLC increased its holdings in Infosys by 69.7% during the fourth quarter. Farther Finance Advisors LLC now owns 3,115 shares of the technology company’s stock valued at $68,000 after buying an additional 1,279 shares during the last quarter. Finally, GAMMA Investing LLC raised its position in Infosys by 14.2% in the fourth quarter. GAMMA Investing LLC now owns 4,496 shares of the technology company’s stock worth $99,000 after acquiring an additional 560 shares during the period. 16.20% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on INFY shares. StockNews.com downgraded shares of Infosys from a “buy” rating to a “hold” rating in a research report on Monday, March 10th. CLSA upgraded shares of Infosys from a “hold” rating to an “outperform” rating in a research report on Friday, March 7th. Hsbc Global Res upgraded shares of Infosys from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 9th. Guggenheim reiterated a “neutral” rating on shares of Infosys in a research report on Friday, January 17th. Finally, HSBC upgraded shares of Infosys from a “hold” rating to a “buy” rating in a research report on Monday, December 9th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $19.78.

Infosys Stock Performance

INFY opened at $18.59 on Tuesday. The stock has a market capitalization of $76.98 billion, a price-to-earnings ratio of 23.53, a PEG ratio of 3.50 and a beta of 1.01. The company has a fifty day moving average of $21.16 and a 200 day moving average of $22.03. Infosys Limited has a fifty-two week low of $16.04 and a fifty-two week high of $23.81.

Infosys (NYSE:INFY) last posted its earnings results on Thursday, January 16th. The technology company reported $0.19 earnings per share 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 previous year, the business earned $0.18 earnings per share. On average, equities research analysts forecast that Infosys Limited will post 0.74 earnings per share for the current year.

About Infosys

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.