MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH Reduces Stock Holdings in Infosys Limited (NYSE:INFY)

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH decreased its holdings in Infosys Limited (NYSE:INFY - Free Report) by 13.2% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 296,879 shares of the technology company's stock after selling 45,042 shares during the quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH's holdings in Infosys were worth $5,418,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in INFY. Allspring Global Investments Holdings LLC lifted its stake in Infosys by 1.4% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,393,557 shares of the technology company's stock worth $31,521,000 after acquiring an additional 19,440 shares during the period. Van ECK Associates Corp boosted its holdings in shares of Infosys by 2.8% during the 4th quarter. Van ECK Associates Corp now owns 429,959 shares of the technology company's stock valued at $9,425,000 after buying an additional 11,658 shares in the last quarter. V Square Quantitative Management LLC grew its position in shares of Infosys by 32.3% in the 4th quarter. V Square Quantitative Management LLC now owns 42,115 shares of the technology company's stock worth $953,000 after buying an additional 10,291 shares during the period. Banque Pictet & Cie SA increased its stake in shares of Infosys by 1.4% in the 4th quarter. Banque Pictet & Cie SA now owns 114,928 shares of the technology company's stock worth $2,519,000 after acquiring an additional 1,600 shares in the last quarter. Finally, Bank Pictet & Cie Europe AG lifted its position in Infosys by 71.8% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 17,850 shares of the technology company's stock valued at $391,000 after acquiring an additional 7,457 shares during the period. Hedge funds and other institutional investors own 16.20% of the company's stock.

Analyst Ratings Changes

INFY has been the subject of a number of recent research reports. Susquehanna raised shares of Infosys from a "negative" rating to a "neutral" rating and set a $17.00 price target for the company in a research report on Monday, April 14th. The Goldman Sachs Group cut 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 raised shares of Infosys from a "hold" rating to an "outperform" rating in a research report on Friday, March 7th. Investec raised shares of Infosys from a "sell" rating to a "buy" rating in a research report on Friday, April 18th. Finally, Stifel Nicolaus lowered their price target 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 research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Infosys currently has an average rating of "Moderate Buy" and a consensus price target of $17.48.

Infosys Price Performance

Shares of NYSE:INFY opened at $18.43 on Friday. 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 price of $17.76 and a 200-day moving average price of $19.94. The company has a market capitalization of $76.38 billion, a PE ratio of 23.33, a PEG ratio of 3.50 and a beta of 0.98.

Infosys (NYSE:INFY - Get Free Report) last issued its quarterly 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. Infosys had a return on equity of 31.60% and a net margin of 17.28%. The firm had revenue of $4.79 billion during the quarter, compared to the consensus estimate of $420.69 billion. During the same period last year, the company 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.

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