GTS Securities LLC Has $321,000 Stock Holdings in Infosys Limited (NYSE:INFY)

GTS Securities LLC lowered its stake in Infosys Limited (NYSE:INFY - Free Report) by 85.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor 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 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Sierra Ocean LLC bought a new position in Infosys during the 4th quarter worth approximately $29,000. Farther Finance Advisors LLC raised its holdings in Infosys by 69.7% in 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. Principal Securities Inc. boosted its position in shares of 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 in the last quarter. KLP Kapitalforvaltning AS acquired a new position in shares of Infosys in the 4th quarter valued at $132,000. Finally, Jones Financial Companies Lllp increased its position in shares of Infosys by 15.9% in the 4th quarter. Jones Financial Companies Lllp now owns 7,520 shares of the technology company's stock valued at $165,000 after buying an additional 1,030 shares in the last quarter. Institutional investors and hedge funds own 16.20% of the company's stock.

Infosys Stock Performance

NYSE INFY traded up $0.01 during trading on Monday, hitting $18.20. The stock had a trading volume of 8,475,440 shares, compared to its average volume of 9,679,049. Infosys Limited has a 12 month low of $15.82 and a 12 month high of $23.63. The company's 50-day moving average price is $17.65 and its two-hundred day moving average price is $20.18. The company has a market capitalization of $75.37 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 quarterly earnings data on Thursday, April 17th. The technology company reported $0.20 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 for the quarter, compared to analyst estimates of $420.69 billion. During the same quarter in the previous year, the firm posted $0.23 earnings per share. As a group, equities analysts anticipate that Infosys Limited will post 0.74 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have weighed in on the company. CLSA upgraded Infosys from a "hold" rating to an "outperform" rating in a report on Friday, March 7th. The Goldman Sachs Group cut Infosys from a "buy" rating to a "neutral" rating and set a $17.90 price objective on the stock. in a report on Monday, April 21st. Wall Street Zen raised Infosys from a "hold" rating to a "buy" rating in a research note on Friday, May 16th. BMO Capital Markets dropped their target price on shares of Infosys from $25.00 to $18.00 and set a "market perform" rating on the stock in a report on Monday, April 21st. Finally, Susquehanna upgraded shares of Infosys from a "negative" rating to a "neutral" rating and set a $17.00 price target for the company in a report on Monday, April 14th. Six investment analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $17.48.

About Infosys

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.