Wealth Alliance Grows Stake in Infosys Limited (NYSE:INFY)

Wealth Alliance boosted its position in shares of Infosys Limited (NYSE:INFY) by 7.8% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 34,926 shares of the technology company’s stock after purchasing an additional 2,534 shares during the quarter. Wealth Alliance’s holdings in Infosys were worth $642,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of INFY. FWL Investment Management LLC bought a new stake in Infosys during the 4th quarter valued at $27,000. Planned Solutions Inc. acquired a new stake in shares of Infosys in the 4th quarter worth $50,000. JFS Wealth Advisors LLC boosted its position in shares of Infosys by 88.3% in the 3rd quarter. JFS Wealth Advisors LLC now owns 2,945 shares of the technology company’s stock worth $50,000 after purchasing an additional 1,381 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in shares of Infosys in the 3rd quarter worth $85,000. Finally, Natixis acquired a new stake in shares of Infosys in the 4th quarter worth $110,000. 10.89% of the stock is currently owned by hedge funds and other institutional investors.

Infosys Stock Down 0.6 %

Shares of Infosys stock opened at $16.94 on Thursday. Infosys Limited has a twelve month low of $14.71 and a twelve month high of $20.74. The business has a 50-day moving average price of $18.94 and a 200 day moving average price of $18.35. The firm has a market cap of $70.12 billion, a PE ratio of 23.86, a P/E/G ratio of 2.25 and a beta of 0.93.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on INFY. JPMorgan Chase & Co. raised Infosys from a “neutral” rating to an “overweight” rating in a research report on Wednesday, January 3rd. UBS Group raised Infosys from a “neutral” rating to a “buy” rating in a research report on Wednesday, January 3rd. HSBC upgraded Infosys from a “hold” rating to a “buy” rating in a research note on Monday, April 1st. BMO Capital Markets raised their target price on Infosys from $18.00 to $21.00 and gave the stock a “market perform” rating in a research note on Friday, January 12th. Finally, Bank of America upgraded Infosys from a “neutral” rating to a “buy” rating in a research note on Tuesday, April 9th. Four research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, Infosys currently has a consensus rating of “Moderate Buy” and a consensus target price of $20.76.

Infosys Profile

Infosys Limited, together with its subsidiaries, provides consulting, technology, outsourcing, and next-generation digital services in North America, Europe, India, and internationally. It provides application management and application development services, independent validation solutions, product engineering and management, infrastructure management services, traditional enterprise application implementation, support, and integration services.