Infosys Limited (NYSE:INFY) Shares Purchased by Aaron Wealth Advisors LLC

Aaron Wealth Advisors LLC grew its position in shares of Infosys Limited (NYSE:INFYFree Report) by 18.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 14,932 shares of the technology company’s stock after acquiring an additional 2,340 shares during the quarter. Aaron Wealth Advisors LLC’s holdings in Infosys were worth $327,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of INFY. Mercer Global Advisors Inc. ADV boosted its stake in Infosys by 2.9% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 17,632 shares of the technology company’s stock valued at $328,000 after purchasing an additional 505 shares during the period. Outlook Wealth Advisors LLC boosted its position in shares of Infosys by 2.8% during the fourth quarter. Outlook Wealth Advisors LLC now owns 18,405 shares of the technology company’s stock worth $403,000 after buying an additional 508 shares during the period. Canopy Partners LLC grew its holdings in Infosys by 3.1% in the 3rd quarter. Canopy Partners LLC now owns 17,129 shares of the technology company’s stock worth $381,000 after buying an additional 522 shares in the last quarter. GAMMA Investing LLC increased 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 acquiring an additional 560 shares during the period. Finally, Modera Wealth Management LLC raised its stake in Infosys by 0.4% during the 3rd quarter. Modera Wealth Management LLC now owns 183,028 shares of the technology company’s stock valued at $4,076,000 after acquiring an additional 653 shares in the last quarter. Institutional investors own 16.20% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently issued reports on INFY. Investec cut Infosys from a “hold” rating to a “sell” rating in a research note on Thursday, October 3rd. StockNews.com cut shares of Infosys from a “buy” rating to a “hold” rating in a research note on Friday, January 3rd. HSBC raised shares of Infosys from a “hold” rating to a “buy” rating in a research note on Monday, December 9th. Hsbc Global Res upgraded shares of Infosys from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 9th. Finally, BMO Capital Markets upped their target price on Infosys from $23.00 to $25.00 and gave the stock a “market perform” rating in a research report on Friday, October 18th. Two research 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 stock. According to MarketBeat, Infosys has a consensus rating of “Hold” and an average price target of $20.22.

Read Our Latest Stock Analysis on Infosys

Infosys Trading Down 1.9 %

INFY stock opened at $21.16 on Tuesday. Infosys Limited has a one year low of $16.04 and a one year high of $23.63. The firm has a 50-day moving average of $22.53 and a two-hundred day moving average of $22.21. The firm has a market capitalization of $87.65 billion, a PE ratio of 27.13, a P/E/G ratio of 3.71 and a beta of 1.00.

Infosys (NYSE:INFYGet Free Report) last released its earnings results on Thursday, January 16th. The technology company reported $0.19 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.19. Infosys had a return on equity of 31.43% and a net margin of 17.15%. During the same period last year, the company earned $0.18 earnings per share. On average, equities research analysts anticipate that Infosys Limited will post 0.74 earnings per share for the current year.

About Infosys

(Free Report)

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.

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Institutional Ownership by Quarter for Infosys (NYSE:INFY)

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