Deutsche Bank AG Decreases Stock Holdings in Infosys Limited (NYSE:INFY)

Deutsche Bank AG trimmed its stake in shares of Infosys Limited (NYSE:INFY - Free Report) by 4.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 16,008,613 shares of the technology company's stock after selling 697,509 shares during the period. Deutsche Bank AG owned approximately 0.39% of Infosys worth $350,909,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the stock. Cetera Investment Advisers increased its holdings in Infosys by 25.0% during the fourth quarter. Cetera Investment Advisers now owns 76,507 shares of the technology company's stock valued at $1,677,000 after buying an additional 15,287 shares during the last quarter. Captrust Financial Advisors increased its holdings in Infosys by 5.5% during the fourth quarter. Captrust Financial Advisors now owns 22,915 shares of the technology company's stock valued at $502,000 after buying an additional 1,197 shares during the last quarter. Cary Street Partners Financial LLC purchased a new stake in Infosys during the fourth quarter valued at approximately $209,000. Beverly Hills Private Wealth LLC increased its holdings in Infosys by 52.0% during the fourth quarter. Beverly Hills Private Wealth LLC now owns 25,092 shares of the technology company's stock valued at $550,000 after buying an additional 8,585 shares during the last quarter. Finally, Bank of America Corp DE increased its holdings in Infosys by 43.1% during the fourth quarter. Bank of America Corp DE now owns 8,225,396 shares of the technology company's stock valued at $180,301,000 after buying an additional 2,478,093 shares during the last quarter. 16.20% of the stock is owned by hedge funds and other institutional investors.

Infosys Stock Performance

Shares of INFY traded down $0.26 during mid-day trading on Tuesday, reaching $18.39. The stock had a trading volume of 8,599,688 shares, compared to its average volume of 9,668,244. The business has a fifty day moving average of $17.78 and a 200 day moving average of $20.51. Infosys Limited has a 12 month low of $15.82 and a 12 month high of $23.63. The firm has a market cap of $76.17 billion, a price-to-earnings ratio of 23.28, a PEG ratio of 3.50 and a beta of 0.98.

Infosys (NYSE:INFY - Get Free Report) last issued its earnings results on Thursday, April 17th. The technology company reported $0.20 earnings per share 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 firm 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 business earned $0.23 earnings per share. On average, research analysts forecast that Infosys Limited will post 0.74 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Guggenheim reaffirmed a "neutral" rating on shares of Infosys in a report on Friday, January 17th. CLSA raised shares of Infosys from a "hold" rating to an "outperform" rating in a report on Friday, March 7th. StockNews.com lowered shares of Infosys from a "buy" rating to a "hold" rating in a research report on Wednesday, April 23rd. Investec upgraded shares of Infosys from a "sell" rating to a "buy" rating in a research report on Friday, April 18th. Finally, 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 research report on Monday, April 21st. Seven equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target 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.