Ameriprise Financial Inc. lessened its position in shares of Infosys Limited (NYSE:INFY - Free Report) by 11.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,792,829 shares of the technology company's stock after selling 378,958 shares during the quarter. Ameriprise Financial Inc. owned approximately 0.07% of Infosys worth $61,212,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds have also modified their holdings of INFY. Sierra Ocean LLC acquired a new position in shares of Infosys in the 4th quarter valued at $29,000. Brooklyn Investment Group bought a new stake in Infosys in the fourth quarter valued at about $52,000. Wilmington Savings Fund Society FSB acquired a new position in Infosys in the third quarter worth about $57,000. Farther Finance Advisors LLC lifted its stake in Infosys by 69.7% during the fourth quarter. Farther Finance Advisors LLC now owns 3,115 shares of the technology company's stock worth $68,000 after purchasing an additional 1,279 shares during the period. Finally, GAMMA Investing LLC boosted its holdings in Infosys by 14.2% during the fourth 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 in the last quarter. 16.20% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
Several equities analysts recently commented on the company. Susquehanna upgraded Infosys from a "negative" rating to a "neutral" rating and set a $17.00 target price for the company in a research report on Monday, April 14th. Investec upgraded shares of Infosys from a "sell" rating to a "buy" rating in a research note on Friday, April 18th. StockNews.com cut shares of Infosys from a "buy" rating to a "hold" rating in a research report on Wednesday, April 23rd. Stifel Nicolaus reduced their price target on shares of Infosys from $18.00 to $17.00 and set a "hold" rating on the stock in a research report on Monday, April 21st. Finally, CLSA raised shares of Infosys from a "hold" rating to an "outperform" rating in a report on Friday, March 7th. Seven equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Infosys has a consensus rating of "Moderate Buy" and a consensus price target of $17.48.
Check Out Our Latest Analysis on INFY
Infosys Stock Down 0.1 %
Shares of INFY opened at $17.48 on Friday. The firm has a market capitalization of $72.40 billion, a PE ratio of 22.13, a price-to-earnings-growth ratio of 3.50 and a beta of 0.98. Infosys Limited has a 12-month low of $15.82 and a 12-month high of $23.63. The stock's fifty day simple moving average is $17.81 and its 200-day simple moving average is $20.56.
Infosys (NYSE:INFY - Get Free Report) last issued its earnings results on Thursday, April 17th. The technology company reported $0.20 EPS for the quarter, beating the consensus estimate of $0.19 by $0.01. Infosys had a net margin of 17.28% and a return on equity of 31.60%. The company had revenue of $4.79 billion during the quarter, compared to analysts' expectations of $420.69 billion. During the same quarter in the previous year, the company posted $0.23 EPS. Analysts anticipate that Infosys Limited will post 0.74 EPS for the current year.
About Infosys
(
Free Report)
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.
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