Geode Capital Management LLC Has $15.70 Million Stock Position in Infosys Limited (NYSE:INFY)

Geode Capital Management LLC reduced its holdings in Infosys Limited (NYSE:INFY - Free Report) by 5.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 716,272 shares of the technology company's stock after selling 38,341 shares during the quarter. Geode Capital Management LLC's holdings in Infosys were worth $15,701,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Sierra Ocean LLC acquired a new position in Infosys in the fourth quarter valued at $29,000. Brooklyn Investment Group acquired a new position in shares of Infosys during the 4th quarter valued at $52,000. Wilmington Savings Fund Society FSB acquired a new stake in Infosys in the 3rd quarter valued at $57,000. Farther Finance Advisors LLC raised its position 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 purchasing an additional 1,279 shares during the period. Finally, GAMMA Investing LLC boosted its position in shares of Infosys by 14.2% in the fourth quarter. GAMMA Investing LLC now owns 4,496 shares of the technology company's stock worth $99,000 after buying an additional 560 shares during the period. 16.20% of the stock is currently owned by hedge funds and other institutional investors.

Infosys Price Performance

INFY traded down $0.07 on Friday, hitting $17.30. The company had a trading volume of 2,190,191 shares, compared to its average volume of 9,628,080. The stock has a market cap of $71.64 billion, a price-to-earnings ratio of 21.88, a price-to-earnings-growth ratio of 3.50 and a beta of 0.97. The company's fifty day moving average price is $18.48 and its 200 day moving average price is $20.95. Infosys Limited has a 1-year low of $15.82 and a 1-year high of $23.63.

Infosys (NYSE:INFY - Get Free Report) last posted 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 return on equity of 31.60% and a net margin of 17.28%. The business had revenue of $4.79 billion for the quarter, compared to analyst estimates of $420.69 billion. During the same period in the previous year, the company posted $0.23 earnings per share. On average, sell-side analysts forecast that Infosys Limited will post 0.74 EPS for the current year.

Analyst Ratings Changes

A number of analysts have recently issued reports on INFY shares. StockNews.com lowered shares of Infosys from a "buy" rating to a "hold" rating in a research note on Wednesday. Susquehanna upgraded Infosys from a "negative" rating to a "neutral" rating and set a $17.00 price objective for the company in a research note on Monday, April 14th. 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 note on Monday. BMO Capital Markets lowered their price objective on Infosys from $25.00 to $18.00 and set a "market perform" rating for the company in a report on Monday. Finally, CLSA upgraded Infosys from a "hold" rating to an "outperform" rating in a report on Friday, March 7th. Seven analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $17.48.

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.