PFG Investments LLC Has $506,000 Stock Holdings in Infosys Limited (NYSE:INFY)

PFG Investments LLC raised its stake in Infosys Limited (NYSE:INFY) by 84.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 28,227 shares of the technology company’s stock after acquiring an additional 12,959 shares during the quarter. PFG Investments LLC’s holdings in Infosys were worth $506,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Buckingham Capital Management Inc. boosted its position in shares of Infosys by 0.6% during the 4th quarter. Buckingham Capital Management Inc. now owns 87,324 shares of the technology company’s stock worth $1,605,000 after acquiring an additional 499 shares in the last quarter. HB Wealth Management LLC lifted its holdings in Infosys by 5.7% during the 4th quarter. HB Wealth Management LLC now owns 10,661 shares of the technology company’s stock worth $196,000 after buying an additional 575 shares during the period. GAMMA Investing LLC boosted its holdings in Infosys by 33.0% in the first quarter. GAMMA Investing LLC now owns 2,390 shares of the technology company’s stock valued at $43,000 after acquiring an additional 593 shares during the last quarter. Marshall Financial Group LLC boosted its stake in shares of Infosys by 1.2% in the 4th quarter. Marshall Financial Group LLC now owns 52,478 shares of the technology company’s stock valued at $965,000 after purchasing an additional 622 shares during the last quarter. Finally, Knights of Columbus Asset Advisors LLC boosted its position in Infosys by 3.2% during the third quarter. Knights of Columbus Asset Advisors LLC now owns 22,100 shares of the technology company’s stock valued at $378,000 after acquiring an additional 680 shares during the last quarter. Institutional investors own 10.89% of the company’s stock.

Infosys Price Performance

Shares of Infosys stock traded up $0.03 during trading on Monday, reaching $16.97. 7,426,487 shares of the stock traded hands, compared to its average volume of 9,675,475. The company has a market capitalization of $70.24 billion, a price-to-earnings ratio of 22.33, a P/E/G ratio of 2.26 and a beta of 0.93. Infosys Limited has a 52-week low of $14.98 and a 52-week high of $20.74. The business has a fifty day simple moving average of $18.42 and a two-hundred day simple moving average of $18.33.

Infosys (NYSE:INFY) last released its earnings results on Thursday, April 18th. The technology company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.06. The firm had revenue of $4.56 billion during the quarter, compared to analyst estimates of $4.49 billion. Infosys had a net margin of 17.06% and a return on equity of 32.33%. During the same quarter last year, the business earned $0.18 EPS. On average, research analysts predict that Infosys Limited will post 0.75 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on INFY. Guggenheim began coverage on shares of Infosys in a report on Tuesday, March 19th. They set a “neutral” rating and a $20.00 price objective on the stock. Susquehanna dropped their target price on Infosys from $15.00 to $14.00 and set a “negative” rating on the stock in a research report on Friday, April 19th. Wedbush restated an “outperform” rating and issued a $22.00 target price on shares of Infosys in a research note on Wednesday, March 13th. BNP Paribas began coverage on shares of Infosys in a report on Wednesday, January 17th. They issued an “outperform” rating and a $24.00 price target on the stock. Finally, UBS Group upgraded shares of Infosys from a “neutral” rating to a “buy” rating in a research report on Wednesday, January 3rd. One research analyst has rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $19.27.

About Infosys

Infosys Limited, together with its subsidiaries, provides consulting, technology, outsourcing, and next-generation digital services in North America, Europe, India, and internationally. It provides digital marketing and digital workplace, digital commerce, digital experience and interactions, metaverse, data analytics and AI, applied AI, generative AI, sustainability, blockchain, engineering, Internet of Things, enterprise agile DevOps, application modernization, cloud, digital process automation, digital supply chain, Microsoft business application and cloud business, service experience transformation, energy transition, cyber security, and quality engineering solutions; Oracle, SAP, and Saleforce solutions; API economy and microservices; and Topaz, an AI-first set of services, solutions, and platforms using generative AI technologies.