Infosys Limited (NYSE:INFY) Position Reduced by GTS Securities LLC

GTS Securities LLC lessened its position in Infosys Limited (NYSE:INFY - Free Report) by 85.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,638 shares of the technology company's stock after selling 83,947 shares during the period. GTS Securities LLC's holdings in Infosys were worth $321,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the company. Sierra Ocean LLC acquired a new position in Infosys during the fourth quarter worth approximately $29,000. Farther Finance Advisors LLC increased its position 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 last quarter. Principal Securities Inc. increased its position in Infosys by 210.1% during the fourth quarter. Principal Securities Inc. now owns 4,822 shares of the technology company's stock worth $106,000 after purchasing an additional 3,267 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new position in Infosys during the fourth quarter worth approximately $132,000. Finally, Jones Financial Companies Lllp increased its position in Infosys by 15.9% during the fourth quarter. Jones Financial Companies Lllp now owns 7,520 shares of the technology company's stock worth $165,000 after purchasing an additional 1,030 shares during the last quarter. Institutional investors and hedge funds own 16.20% of the company's stock.

Wall Street Analyst Weigh In

INFY has been the subject of several research analyst reports. Wall Street Zen raised shares of Infosys from a "hold" rating to a "buy" rating in a research report on Friday, May 16th. 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. CLSA upgraded shares of Infosys from a "hold" rating to an "outperform" rating in a research note on Friday, March 7th. 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 report on Monday, April 14th. Finally, Stifel Nicolaus dropped their price objective on shares of Infosys from $18.00 to $17.00 and set a "hold" rating for the company in a research report on Monday, April 21st. Six analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Infosys currently has an average rating of "Moderate Buy" and a consensus target price of $17.48.

Infosys Stock Down 1.5%

Shares of Infosys stock traded down $0.27 during trading hours on Friday, hitting $18.19. The company's stock had a trading volume of 12,638,259 shares, compared to its average volume of 9,702,278. Infosys Limited has a 1-year low of $15.82 and a 1-year high of $23.63. The business has a fifty day moving average of $17.66 and a 200 day moving average of $20.22. The company has a market capitalization of $75.34 billion, a PE ratio of 23.03, a P/E/G ratio of 3.50 and a beta of 0.98.

Infosys (NYSE:INFY - Get Free Report) last announced its earnings results on Thursday, April 17th. The technology company reported $0.20 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.01. The business had revenue of $4.79 billion during the quarter, compared to the consensus estimate of $420.69 billion. Infosys had a net margin of 17.28% and a return on equity of 31.60%. During the same period in the prior year, the firm earned $0.23 earnings per share. On average, sell-side analysts anticipate that Infosys Limited will post 0.74 earnings per share for the current fiscal year.

Infosys Company 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.