Calamos Wealth Management LLC Boosts Stock Holdings in Infosys Limited (NYSE:INFY)

Calamos Wealth Management LLC raised its position in shares of Infosys Limited (NYSE:INFY) by 1.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 81,468 shares of the technology company’s stock after purchasing an additional 1,155 shares during the period. Calamos Wealth Management LLC’s holdings in Infosys were worth $1,786,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in INFY. Northwestern Mutual Wealth Management Co. grew its stake in Infosys by 10.6% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 54,158 shares of the technology company’s stock valued at $1,008,000 after buying an additional 5,174 shares in the last quarter. Cetera Investment Advisers raised its stake in shares of Infosys by 12.8% during the 2nd quarter. Cetera Investment Advisers now owns 67,625 shares of the technology company’s stock valued at $1,259,000 after purchasing an additional 7,662 shares during the period. Sanctuary Advisors LLC purchased a new stake in Infosys during the 2nd quarter worth about $309,000. GAMMA Investing LLC grew its holdings in Infosys by 34.3% during the 3rd quarter. GAMMA Investing LLC now owns 3,936 shares of the technology company’s stock valued at $88,000 after buying an additional 1,005 shares in the last quarter. Finally, Foster Group Inc. bought a new stake in shares of Infosys during the third quarter valued at about $214,000. 16.20% of the stock is currently owned by institutional investors.

Infosys Trading Up 0.2 %

Shares of Infosys stock opened at $21.99 on Tuesday. The firm has a market capitalization of $91.06 billion, a PE ratio of 27.83, a price-to-earnings-growth ratio of 3.60 and a beta of 1.00. Infosys Limited has a 12 month low of $16.04 and a 12 month high of $23.63. The business’s 50-day moving average price is $22.46 and its 200-day moving average price is $22.33.

Infosys (NYSE:INFY) last posted its quarterly earnings results on Thursday, January 16th. The technology company reported $0.19 EPS for the quarter, hitting the consensus estimate of $0.19. Infosys had a net margin of 17.28% and a return on equity of 31.60%. During the same quarter in the prior year, the firm earned $0.18 EPS. As a group, analysts predict that Infosys Limited will post 0.74 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. StockNews.com raised shares of Infosys from a “hold” rating to a “buy” rating in a research note on Wednesday, January 22nd. Hsbc Global Res raised shares of Infosys from a “hold” rating to a “strong-buy” rating in a report on Monday, December 9th. BMO Capital Markets lifted their price objective on Infosys from $23.00 to $25.00 and gave the company a “market perform” rating in a research note on Friday, October 18th. HSBC upgraded Infosys from a “hold” rating to a “buy” rating in a research note on Monday, December 9th. Finally, Guggenheim reiterated a “neutral” rating on shares of Infosys in a research report on Friday, January 17th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Infosys currently has a consensus rating of “Hold” and a consensus target price of $20.22.

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.