Segall Bryant & Hamill LLC Buys 95,900 Shares of Infosys Limited (NYSE:INFY)

Segall Bryant & Hamill LLC grew its stake in shares of Infosys Limited (NYSE:INFY) by 610.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 111,600 shares of the technology company’s stock after purchasing an additional 95,900 shares during the period. Segall Bryant & Hamill LLC’s holdings in Infosys were worth $2,446,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. BHK Investment Advisors LLC raised its stake in Infosys by 2.3% during the 4th quarter. BHK Investment Advisors LLC now owns 22,785 shares of the technology company’s stock worth $499,000 after buying an additional 507 shares during the period. Outlook Wealth Advisors LLC lifted its holdings in shares of Infosys by 2.8% in the 4th quarter. Outlook Wealth Advisors LLC now owns 18,405 shares of the technology company’s stock worth $403,000 after purchasing an additional 508 shares in the last quarter. GAMMA Investing LLC grew its position in Infosys by 14.2% in the 4th quarter. GAMMA Investing LLC now owns 4,496 shares of the technology company’s stock valued at $99,000 after purchasing an additional 560 shares during the period. Flagship Harbor Advisors LLC increased its stake in Infosys by 6.2% during the 4th quarter. Flagship Harbor Advisors LLC now owns 11,026 shares of the technology company’s stock valued at $242,000 after purchasing an additional 641 shares in the last quarter. Finally, Atomi Financial Group Inc. raised its holdings in Infosys by 1.7% during the fourth quarter. Atomi Financial Group Inc. now owns 38,263 shares of the technology company’s stock worth $839,000 after buying an additional 655 shares during the last quarter. Institutional investors own 16.20% of the company’s stock.

Infosys Trading Up 0.1 %

INFY stock opened at $18.69 on Friday. Infosys Limited has a 1-year low of $16.04 and a 1-year high of $23.81. The stock has a market cap of $77.39 billion, a P/E ratio of 23.65, a P/E/G ratio of 3.50 and a beta of 1.01. The stock’s fifty day simple moving average is $20.51 and its two-hundred day simple moving average is $21.79.

Infosys (NYSE:INFY) last issued 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 net margin of 17.28% and a return on equity of 31.60%. During the same period in the prior year, the company posted $0.18 EPS. As a group, analysts forecast that Infosys Limited will post 0.74 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on INFY shares. HSBC raised shares of Infosys from a “hold” rating to a “buy” rating in a research report on Monday, December 9th. StockNews.com downgraded Infosys from a “buy” rating to a “hold” rating in a research note on Thursday, March 20th. CLSA raised Infosys from a “hold” rating to an “outperform” rating in a research report on Friday, March 7th. Hsbc Global Res raised Infosys from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 9th. Finally, Guggenheim restated a “neutral” rating on shares of Infosys in a research note on Friday, January 17th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $19.70.

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.