Two Sigma Investments LP Sells 53,487 Shares of Infosys Limited (NYSE:INFY)

Two Sigma Investments LP reduced its position in 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 & Exchange Commission. The firm 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 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Tidal Investments LLC increased its holdings in Infosys by 2.8% in the 4th quarter. Tidal Investments LLC now owns 43,499 shares of the technology company's stock valued at $953,000 after buying an additional 1,184 shares during the period. Strategic Global Advisors LLC grew its holdings in shares of Infosys by 38.4% during the 4th quarter. Strategic Global Advisors LLC now owns 23,370 shares of the technology company's stock valued at $512,000 after purchasing an additional 6,490 shares during the last quarter. Raiffeisen Bank International AG bought a new stake in shares of Infosys during the 4th quarter valued at approximately $4,631,000. Quantinno Capital Management LP grew its holdings in shares of Infosys by 8.4% during the 4th quarter. Quantinno Capital Management LP now owns 94,323 shares of the technology company's stock valued at $2,068,000 after purchasing an additional 7,338 shares during the last quarter. Finally, Man Group plc grew its holdings in shares of Infosys by 9.1% during the 4th quarter. Man Group plc now owns 5,143,860 shares of the technology company's stock valued at $112,753,000 after purchasing an additional 428,659 shares during the last quarter. 16.20% of the stock is owned by institutional investors.

Infosys Stock Performance

INFY traded up $0.31 during midday trading on Tuesday, reaching $18.42. 1,341,058 shares of the company were exchanged, compared to its average volume of 9,686,967. The company has a market cap of $76.28 billion, a price-to-earnings ratio of 23.28, a price-to-earnings-growth ratio of 3.50 and a beta of 0.98. The company's fifty day moving average price is $17.66 and its 200 day moving average price is $20.30. Infosys Limited has a one year low of $15.82 and a one year high of $23.63.

Infosys (NYSE:INFY - Get Free Report) last released its earnings results on Thursday, April 17th. The technology company reported $0.20 earnings per share for the quarter, beating analysts' consensus estimates of $0.19 by $0.01. The firm 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 EPS. As a group, sell-side analysts anticipate that Infosys Limited will post 0.74 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. CLSA raised shares of Infosys from a "hold" rating to an "outperform" rating in a report on Friday, March 7th. BMO Capital Markets decreased their price target 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. The Goldman Sachs Group lowered shares of Infosys from a "buy" rating to a "neutral" rating and set a $17.90 price target on the stock. in a report on Monday, April 21st. Investec upgraded shares of Infosys from a "sell" rating to a "buy" rating in a research report on Friday, April 18th. Finally, Stifel Nicolaus cut their target price on shares of Infosys from $18.00 to $17.00 and set a "hold" rating on the stock in a research report on Monday, April 21st. Six analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price 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.