Canada Pension Plan Investment Board Decreases Position in Infosys Limited (NYSE:INFY)

Canada Pension Plan Investment Board decreased its stake in Infosys Limited (NYSE:INFY - Free Report) by 61.2% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 5,189,912 shares of the technology company's stock after selling 8,184,428 shares during the quarter. Canada Pension Plan Investment Board owned about 0.13% of Infosys worth $113,763,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the stock. Robeco Institutional Asset Management B.V. grew its holdings in Infosys by 6.2% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 25,841,022 shares of the technology company's stock valued at $566,435,000 after purchasing an additional 1,501,039 shares during the last quarter. Fisher Asset Management LLC increased its stake in Infosys by 0.7% in the fourth quarter. Fisher Asset Management LLC now owns 14,517,359 shares of the technology company's stock worth $318,221,000 after purchasing an additional 102,341 shares during the period. Franklin Resources Inc. lifted its position in shares of Infosys by 2.0% during the fourth quarter. Franklin Resources Inc. now owns 11,501,533 shares of the technology company's stock worth $252,114,000 after purchasing an additional 229,482 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in shares of Infosys by 118.8% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 7,912,259 shares of the technology company's stock worth $173,437,000 after purchasing an additional 4,296,291 shares during the last quarter. Finally, American Century Companies Inc. boosted its position in Infosys by 31.3% in the 4th quarter. American Century Companies Inc. now owns 4,603,993 shares of the technology company's stock valued at $100,920,000 after buying an additional 1,097,105 shares during the period. Institutional investors own 16.20% of the company's stock.

Infosys Stock Up 2.4 %

Shares of INFY stock traded up $0.40 during mid-day trading on Wednesday, hitting $17.26. 5,115,000 shares of the stock were exchanged, compared to its average volume of 9,626,744. The company has a market cap of $71.49 billion, a PE ratio of 21.85, a price-to-earnings-growth ratio of 3.50 and a beta of 0.97. Infosys Limited has a 52-week low of $15.82 and a 52-week high of $23.63. The firm has a fifty day moving average of $18.66 and a 200 day moving average of $21.01.

Infosys (NYSE:INFY - Get Free Report) last released its earnings results on Thursday, April 17th. The technology company reported $0.20 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.19 by $0.01. Infosys had a net margin of 17.28% and a return on equity of 31.60%. The business had revenue of $4.79 billion during the quarter, compared to analyst estimates of $420.69 billion. During the same quarter in the prior year, the firm earned $0.23 earnings per share. Equities analysts predict that Infosys Limited will post 0.74 EPS for the current year.

Analyst Ratings Changes

Several brokerages recently issued reports on INFY. StockNews.com cut Infosys from a "buy" rating to a "hold" rating in a research note on Wednesday. Susquehanna raised shares of Infosys from a "negative" rating to a "neutral" rating and set a $17.00 price objective for the company in a research note on Monday, April 14th. The Goldman Sachs Group lowered shares of Infosys from a "buy" rating to a "neutral" rating and set a $17.90 price target for the company. in a report on Monday. Guggenheim reiterated a "neutral" rating on shares of Infosys in a research note on Friday, January 17th. Finally, Stifel Nicolaus reduced their price objective on shares of Infosys from $18.00 to $17.00 and set a "hold" rating for the company in a research note on Monday. Seven investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $17.48.

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.