GWN Securities Inc. Takes $321,000 Position in Infosys Limited (NYSE:INFY)

GWN Securities Inc. bought a new position in Infosys Limited (NYSE:INFY) during the fourth quarter, according to the company in its most recent filing with the SEC. The firm bought 14,800 shares of the technology company’s stock, valued at approximately $321,000.

Other large investors also recently added to or reduced their stakes in the company. Sierra Ocean LLC purchased a new position in Infosys in the 4th quarter worth $29,000. Brooklyn Investment Group purchased a new position in Infosys in the 4th quarter worth $52,000. Wilmington Savings Fund Society FSB purchased a new position in Infosys in the 3rd quarter worth $57,000. Farther Finance Advisors LLC raised its position in Infosys by 69.7% in the 4th quarter. Farther Finance Advisors LLC now owns 3,115 shares of the technology company’s stock worth $68,000 after purchasing an additional 1,279 shares during the period. Finally, GAMMA Investing LLC raised 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 worth $99,000 after purchasing an additional 560 shares during the period. Hedge funds and other institutional investors own 16.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. HSBC upgraded shares of Infosys from a “hold” rating to a “buy” rating in a research report on Monday, December 9th. Guggenheim restated a “neutral” rating on shares of Infosys in a research report on Friday, January 17th. StockNews.com cut 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. Finally, Hsbc Global Res upgraded shares of Infosys from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 9th. Two analysts have rated the stock with a sell rating, four have issued a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $19.78.

Infosys Trading Up 1.0 %

Shares of INFY opened at $18.59 on Tuesday. Infosys Limited has a 1-year low of $16.04 and a 1-year high of $23.81. The firm’s 50-day moving average price is $21.16 and its 200-day moving average price is $22.03. The firm 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.

Infosys (NYSE:INFY) last posted its quarterly earnings data on Thursday, January 16th. The technology company reported $0.19 EPS for the quarter, hitting 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 last year, the company earned $0.18 EPS. On average, research analysts forecast that Infosys Limited will post 0.74 EPS for the current fiscal 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.