Infosys Ltd. $INFY Shares Purchased by Tidal Investments LLC

by · The Markets Daily

Tidal Investments LLC boosted its holdings in Infosys Ltd. (NYSE:INFY – Free Report) by 106.3% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 125,298 shares of the technology company’s stock after purchasing an additional 64,563 shares during the quarter. Tidal Investments LLC’s holdings in Infosys were worth $1,314,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. V Square Quantitative Management LLC purchased a new stake in Infosys during the 1st quarter worth about $97,000. TD Waterhouse Canada Inc. increased its holdings in shares of Infosys by 14.2% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 9,090 shares of the technology company’s stock valued at $97,000 after acquiring an additional 1,131 shares during the last quarter. State of Wyoming purchased a new position in shares of Infosys in the 1st quarter valued at about $134,000. Aureus Asset Management LLC purchased a new position in shares of Infosys in the 1st quarter valued at about $142,000. Finally, Concurrent Investment Advisors LLC acquired a new stake in shares of Infosys during the 2nd quarter worth about $115,000. 16.20% of the stock is currently owned by institutional investors and hedge funds.

Infosys Trading Down 2.3%

Shares of NYSE INFY opened at $10.81 on Friday. Infosys Ltd. has a 12-month low of $10.30 and a 12-month high of $30.00. The company has a market cap of $43.80 billion, a price-to-earnings ratio of 13.35, a price-to-earnings-growth ratio of 2.58 and a beta of 0.87. The stock’s 50 day simple moving average is $11.74 and its 200 day simple moving average is $12.33.

Infosys (NYSE:INFY – Get Free Report) last issued its quarterly earnings data on Thursday, July 23rd. The technology company reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.01). Infosys had a return on equity of 33.91% and a net margin of 16.38%.The company had revenue of $4.99 billion for the quarter, compared to the consensus estimate of $5.08 billion. As a group, equities analysts forecast that Infosys Ltd. will post 0.81 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently weighed in on INFY shares. Wells Fargo & Company set a $11.00 target price on Infosys and gave the stock an “equal weight” rating in a research note on Friday, June 26th. Susquehanna dropped their price target on shares of Infosys from $12.00 to $11.00 and set a “neutral” rating on the stock in a research note on Friday, July 24th. JPMorgan Chase & Co. reissued a “neutral” rating and set a $10.90 price objective (down from $12.70) on shares of Infosys in a report on Friday, July 24th. CLSA downgraded shares of Infosys from an “outperform” rating to a “hold” rating in a research report on Wednesday, August 19th. Finally, Stifel Nicolaus set a $13.00 target price on shares of Infosys and gave the company a “hold” rating in a report on Thursday, July 16th. Nine research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Reduce” and an average price target of $11.59.

Read Our Latest Stock Analysis on INFY

Infosys Profile

(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. 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.

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