Infosys Ltd. $INFY Shares Acquired by Vise Technologies Inc.

Vise Technologies Inc. raised its stake in Infosys Ltd. (NYSE:INFY) by 26.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 276,421 shares of the technology company’s stock after acquiring an additional 58,159 shares during the quarter. Vise Technologies Inc.’s holdings in Infosys were worth $2,974,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of INFY. Canopy Partners LLC raised its holdings in shares of Infosys by 32.0% in the 3rd quarter. Canopy Partners LLC now owns 19,831 shares of the technology company’s stock worth $213,000 after purchasing an additional 4,810 shares during the period. Pinnacle Wealth Planning Services Inc. grew its holdings in Infosys by 29.9% during the third quarter. Pinnacle Wealth Planning Services Inc. now owns 24,224 shares of the technology company’s stock valued at $261,000 after purchasing an additional 5,575 shares during the period. Park Avenue Securities LLC bought a new position in Infosys during the third quarter valued at $118,000. Signaturefd LLC increased its position in Infosys by 2.8% in the third quarter. Signaturefd LLC now owns 80,172 shares of the technology company’s stock worth $863,000 after buying an additional 2,205 shares during the last quarter. Finally, RWC Asset Advisors US LLC increased its position in Infosys by 5.3% in the third quarter. RWC Asset Advisors US LLC now owns 2,183,057 shares of the technology company’s stock worth $23,490,000 after buying an additional 108,924 shares during the last quarter. 16.20% of the stock is owned by institutional investors.

Infosys Trading Up 2.5%

Infosys stock opened at $12.23 on Thursday. Infosys Ltd. has a 1-year low of $10.12 and a 1-year high of $30.00. The firm has a market capitalization of $49.52 billion, a price-to-earnings ratio of 14.20, a P/E/G ratio of 2.98 and a beta of 0.87. The firm has a 50 day simple moving average of $11.52 and a 200 day simple moving average of $12.80.

Infosys (NYSE:INFY) last posted its earnings results on Friday, October 23rd. The technology company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.01). Infosys had a return on equity of 34.81% and a net margin of 16.21%. The company had revenue of $5.19 billion for the quarter, compared to analysts’ expectations of $5.12 billion. On average, equities research analysts forecast that Infosys Ltd. will post 0.81 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on INFY shares. CLSA cut Infosys from an “outperform” rating to a “hold” rating in a research report on Wednesday, August 19th. BMO Capital Markets reissued a “market perform” rating and issued a $13.00 price objective (up from $12.00) on shares of Infosys in a report on Monday, October 26th. Stifel Nicolaus set a $13.00 price objective on Infosys and gave the company a “hold” rating in a research note on Thursday, July 16th. TD Cowen restated a “hold” rating and issued a $11.00 price objective (up from $9.00) on shares of Infosys in a research note on Monday, October 26th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Infosys in a report on Monday, October 26th. Ten equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Reduce” and a consensus price target of $11.79.

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. The company was founded by Dinesh Krishnan Swamy, Senapathy Gopalakrishnan, Narayana Ramarao Nagavara Murthy, Raghavan N. S., Ashok Arora, Nandan M. Nilekani, and S. D. Shibulal on July 2, 1981 and is headquartered in Bangalore, India.