Two Sigma Investments LP Trims Position in Infosys Limited (NYSE:INFY)

Two Sigma Investments LP decreased its position in shares of Infosys Limited (NYSE:INFY - Free Report) by 5.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 951,037 shares of the technology company's stock after selling 53,487 shares during the quarter. Two Sigma Investments LP's holdings in Infosys were worth $20,847,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Sierra Ocean LLC purchased a new stake in shares of Infosys in the 4th quarter valued at approximately $29,000. Farther Finance Advisors LLC lifted 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 valued at $68,000 after acquiring an additional 1,279 shares during the last quarter. Principal Securities Inc. grew its position in Infosys by 210.1% in the fourth quarter. Principal Securities Inc. now owns 4,822 shares of the technology company's stock worth $106,000 after acquiring an additional 3,267 shares during the period. KLP Kapitalforvaltning AS acquired a new stake in Infosys during the fourth quarter worth $132,000. Finally, Jones Financial Companies Lllp raised its position in Infosys by 15.9% in the fourth quarter. Jones Financial Companies Lllp now owns 7,520 shares of the technology company's stock valued at $165,000 after purchasing an additional 1,030 shares during the period. Hedge funds and other institutional investors own 16.20% of the company's stock.

Wall Street Analyst Weigh In

INFY has been the subject of a number of research analyst reports. StockNews.com upgraded Infosys from a "hold" rating to a "buy" rating in a report on Friday, May 16th. CLSA raised shares of Infosys from a "hold" rating to an "outperform" rating in a research report on Friday, March 7th. 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. Stifel Nicolaus decreased their price objective on shares of Infosys from $18.00 to $17.00 and set a "hold" rating on the stock in a report on Monday, April 21st. Finally, Investec raised shares of Infosys from a "sell" rating to a "buy" rating in a research report on Friday, April 18th. Six research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $17.48.

Infosys Stock Performance

Shares of INFY opened at $18.14 on Thursday. The company's 50-day simple moving average is $17.69 and its 200-day simple moving average is $20.38. Infosys Limited has a 1 year low of $15.82 and a 1 year high of $23.63. The stock has a market capitalization of $75.12 billion, a PE ratio of 22.96, 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, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $420.69 billion. During the same period in the prior year, the firm earned $0.23 EPS. On average, sell-side analysts predict that Infosys Limited will post 0.74 earnings per share for the current year.

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.

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