CogentBlue Wealth Advisors LLC Invests $271,000 in Infosys Limited (NYSE:INFY)

CogentBlue Wealth Advisors LLC purchased a new stake in Infosys Limited (NYSE:INFY) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 12,361 shares of the technology company’s stock, valued at approximately $271,000.

Other large investors have also added to or reduced their stakes in the company. Sierra Ocean LLC bought a new stake in shares of Infosys during the 4th quarter valued at $29,000. Mizuho Securities Co. Ltd. bought a new stake in Infosys during the third quarter worth about $33,000. Brooklyn Investment Group acquired a new stake in Infosys during the fourth quarter worth about $52,000. Wilmington Savings Fund Society FSB acquired a new stake in Infosys during the third quarter worth about $57,000. Finally, Whittier Trust Co. of Nevada Inc. increased its holdings in Infosys by 25.3% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 3,795 shares of the technology company’s stock valued at $85,000 after buying an additional 766 shares during the period. Institutional investors and hedge funds own 16.20% of the company’s stock.

Infosys Stock Down 1.1 %

Shares of INFY opened at $21.18 on Thursday. The business has a 50-day simple moving average of $22.22 and a two-hundred day simple moving average of $22.30. Infosys Limited has a 12-month low of $16.04 and a 12-month high of $23.63. The stock has a market cap of $87.74 billion, a PE ratio of 26.81, a PEG ratio of 3.53 and a beta of 1.00.

Infosys (NYSE:INFY) last issued its quarterly earnings data on Thursday, January 16th. The technology company reported $0.19 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.19. Infosys had a net margin of 17.28% and a return on equity of 31.60%. During the same period last year, the firm posted $0.18 earnings per share. On average, equities research analysts expect that Infosys Limited will post 0.74 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Guggenheim reiterated a “neutral” rating on shares of Infosys in a research report on Friday, January 17th. Hsbc Global Res raised Infosys from a “hold” rating to a “strong-buy” rating in a report on Monday, December 9th. HSBC upgraded Infosys from a “hold” rating to a “buy” rating in a research note on Monday, December 9th. Finally, StockNews.com raised Infosys from a “hold” rating to a “buy” rating in a research note on Wednesday, January 22nd. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $20.22.

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.