Barclays PLC Sells 642,247 Shares of Infosys Limited (NYSE:INFY)

Barclays PLC reduced its holdings in Infosys Limited (NYSE:INFY) by 27.0% in the third quarter, HoldingsChannel reports. The firm owned 1,735,801 shares of the technology company’s stock after selling 642,247 shares during the period. Barclays PLC’s holdings in Infosys were worth $38,621,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of INFY. BlackRock Inc. increased its holdings in shares of Infosys by 81.3% during the second quarter. BlackRock Inc. now owns 20,240,829 shares of the technology company’s stock valued at $428,904,000 after acquiring an additional 9,076,715 shares in the last quarter. Marathon Asset Mgmt Ltd bought a new stake in shares of Infosys during the third quarter valued at approximately $110,791,000. Goldman Sachs Group Inc. increased its holdings in shares of Infosys by 34.1% during the second quarter. Goldman Sachs Group Inc. now owns 17,393,791 shares of the technology company’s stock valued at $368,575,000 after acquiring an additional 4,418,563 shares in the last quarter. Neuberger Berman Group LLC increased its holdings in shares of Infosys by 52.4% during the second quarter. Neuberger Berman Group LLC now owns 12,741,563 shares of the technology company’s stock valued at $269,563,000 after acquiring an additional 4,381,828 shares in the last quarter. Finally, Amundi bought a new stake in shares of Infosys during the second quarter valued at approximately $68,474,000. Institutional investors and hedge funds own 15.75% of the company’s stock.

Shares of Infosys stock opened at $26.20 on Friday. The stock has a fifty day simple moving average of $23.87 and a 200 day simple moving average of $23.04. Infosys Limited has a 12-month low of $16.88 and a 12-month high of $26.39. The company has a market capitalization of $111.13 billion, a P/E ratio of 38.53, a price-to-earnings-growth ratio of 3.60 and a beta of 0.89.

Infosys (NYSE:INFY) last posted its quarterly earnings data on Tuesday, January 11th. The technology company reported $0.18 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.18. Infosys had a return on equity of 29.75% and a net margin of 18.59%. During the same period in the previous year, the company earned $0.17 EPS. On average, sell-side analysts anticipate that Infosys Limited will post 0.71 EPS for the current fiscal year.

Several equities research analysts have recently commented on INFY shares. BMO Capital Markets boosted their price objective on Infosys from $25.00 to $28.00 in a report on Thursday. Wedbush upped their price target on Infosys from $25.00 to $30.00 in a report on Wednesday. Susquehanna upgraded Infosys from a “neutral” rating to a “positive” rating and upped their price target for the stock from $22.00 to $29.00 in a report on Monday, January 10th. Finally, Susquehanna Bancshares upgraded Infosys from a “neutral” rating to a “positive” rating and upped their price target for the stock from $22.00 to $29.00 in a report on Monday, January 10th. One analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $24.97.

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, Services, Manufacturing, Hi-Tech, Life Sciences, and All Other.

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Institutional Ownership by Quarter for Infosys (NYSE:INFY)

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