Aprio Wealth Management LLC Makes New Investment in Infosys Limited (NYSE:INFY)

Aprio Wealth Management LLC purchased a new stake in Infosys Limited (NYSE:INFY) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 10,599 shares of the technology company’s stock, valued at approximately $232,000.

Other hedge funds have also made changes to their positions in the company. Mercer Global Advisors Inc. ADV boosted its stake in Infosys by 2.9% during the second quarter. Mercer Global Advisors Inc. ADV now owns 17,632 shares of the technology company’s stock worth $328,000 after buying an additional 505 shares during the period. Canopy Partners LLC lifted its holdings in shares of 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 acquiring an additional 522 shares during the last quarter. Outlook Wealth Advisors LLC boosted its position in shares of Infosys by 3.0% during the 3rd quarter. Outlook Wealth Advisors LLC now owns 17,897 shares of the technology company’s stock worth $399,000 after purchasing an additional 526 shares during the period. GAMMA Investing LLC increased its holdings 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 purchasing an additional 560 shares during the last quarter. Finally, Modera Wealth Management LLC increased its holdings in Infosys by 0.4% in the 3rd quarter. Modera Wealth Management LLC now owns 183,028 shares of the technology company’s stock valued at $4,076,000 after purchasing an additional 653 shares during the last quarter. Hedge funds and other institutional investors own 16.20% of the company’s stock.

Analyst Upgrades and Downgrades

INFY has been the topic of a number of research reports. Investec lowered Infosys from a “hold” rating to a “sell” rating in a research report on Thursday, October 3rd. HSBC upgraded Infosys from a “hold” rating to a “buy” rating in a report on Monday, December 9th. StockNews.com lowered shares of Infosys from a “buy” rating to a “hold” rating in a research note on Friday, January 3rd. BMO Capital Markets raised their price objective on shares of Infosys from $23.00 to $25.00 and gave the company a “market perform” rating in a research note on Friday, October 18th. Finally, Hsbc Global Res raised shares of Infosys from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 9th. Two research analysts have rated the stock with a sell rating, four have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $20.85.

Infosys Trading Down 0.8 %

Infosys stock opened at $22.51 on Wednesday. The company has a fifty day simple moving average of $22.51 and a 200-day simple moving average of $22.15. The stock has a market cap of $93.23 billion, a P/E ratio of 28.86, a price-to-earnings-growth ratio of 3.77 and a beta of 1.00. Infosys Limited has a 12-month low of $16.04 and a 12-month high of $23.63.

Infosys (NYSE:INFY) last announced its quarterly earnings results on Thursday, October 17th. The technology company reported $0.19 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.19. Infosys had a return on equity of 31.43% and a net margin of 17.15%. The company had revenue of $4.89 billion during the quarter, compared to the consensus estimate of $4.89 billion. During the same period in the previous year, the business earned $0.18 EPS. As a group, sell-side analysts forecast that Infosys Limited will post 0.75 earnings per share for the current fiscal year.

Infosys Increases Dividend

The business also recently declared a semi-annual dividend, which was paid on Tuesday, October 29th. Shareholders of record on Friday, January 1st were paid a $0.2126 dividend. This is a positive change from Infosys’s previous semi-annual dividend of $0.20. This represents a yield of 1.1%. The ex-dividend date was Tuesday, October 29th. Infosys’s dividend payout ratio is currently 53.85%.

About Infosys

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.