SG Americas Securities LLC reduced its position in shares of Infosys Ltd (NYSE:INFY) by 89.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,805 shares of the technology company’s stock after selling 87,383 shares during the period. SG Americas Securities LLC’s holdings in Infosys were worth $159,000 at the end of the most recent quarter.
A number of other large investors have also recently added to or reduced their stakes in the stock. High Pointe Capital Management LLC bought a new position in Infosys in the 3rd quarter worth approximately $203,000. Foster & Motley Inc. grew its holdings in shares of Infosys by 28.2% during the 4th quarter. Foster & Motley Inc. now owns 14,628 shares of the technology company’s stock worth $237,000 after purchasing an additional 3,221 shares in the last quarter. Equity Investment Corp grew its holdings in shares of Infosys by 50.2% during the 3rd quarter. Equity Investment Corp now owns 15,100 shares of the technology company’s stock worth $220,000 after purchasing an additional 5,050 shares in the last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of Infosys by 2.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 18,729 shares of the technology company’s stock worth $282,000 after purchasing an additional 395 shares in the last quarter. Finally, Sompo Japan Nipponkoa Asset Management CO. LTD. acquired a new stake in Infosys in the 3rd quarter valued at $293,000. 19.69% of the stock is currently owned by hedge funds and other institutional investors.
INFY has been the topic of a number of recent analyst reports. Bank of America raised Infosys from a “neutral” rating to a “buy” rating in a research note on Tuesday, December 5th. Zacks Investment Research upgraded Infosys from a “hold” rating to a “buy” rating and set a $18.00 price objective for the company in a report on Tuesday, December 26th. Cantor Fitzgerald reissued a “hold” rating and issued a $14.00 target price on shares of Infosys in a research note on Sunday, January 7th. Morgan Stanley raised Infosys from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, January 16th. Finally, UBS Group raised Infosys from a “neutral” rating to a “buy” rating in a research report on Monday, January 22nd. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $15.77.
Infosys Ltd (NYSE:INFY) traded down $0.01 during mid-day trading on Wednesday, hitting $18.38. The stock had a trading volume of 2,559,739 shares, compared to its average volume of 6,365,124. Infosys Ltd has a 1 year low of $13.88 and a 1 year high of $18.71. The company has a market cap of $40,007.56, a price-to-earnings ratio of 17.04, a PEG ratio of 2.03 and a beta of 0.57.
Infosys (NYSE:INFY) last posted its quarterly earnings data on Friday, January 12th. The technology company reported $0.25 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.25. Infosys had a return on equity of 21.31% and a net margin of 22.97%. The firm had revenue of $2.76 billion during the quarter, compared to analyst estimates of $2.74 billion. During the same period last year, the company posted $0.24 EPS. research analysts forecast that Infosys Ltd will post 1 earnings per share for the current year.
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Infosys Limited is engaged in consulting, technology, outsourcing and next-generation services. The Company, along with its subsidiaries, provides business information technology services comprising application development and maintenance, independent validation, infrastructure management, engineering services comprising product engineering and life cycle solutions and business process management; consulting and systems integration services comprising consulting, enterprise solutions, systems integration and advanced technologies; products, business platforms and solutions to accelerate intellectual property-led innovation, including Finacle, its banking solution, and offerings in the areas of Analytics, Cloud and Digital Transformation.
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