Tower Research Capital LLC TRC Trims Stock Position in Infosys Limited (NYSE:INFY)

Tower Research Capital LLC TRC reduced its position in Infosys Limited (NYSE:INFY - Free Report) by 38.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 46,202 shares of the technology company's stock after selling 29,394 shares during the quarter. Tower Research Capital LLC TRC's holdings in Infosys were worth $1,013,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Sierra Ocean LLC bought a new stake in shares of Infosys in the 4th quarter valued at about $29,000. Brooklyn Investment Group purchased a new stake in Infosys during the 4th quarter valued at $52,000. Wilmington Savings Fund Society FSB bought a new position in shares of Infosys during the third quarter valued at about $57,000. Farther Finance Advisors LLC grew its stake in shares of 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 last quarter. Finally, GAMMA Investing LLC boosted its holdings in Infosys by 14.2% in the fourth quarter. GAMMA Investing LLC now owns 4,496 shares of the technology company's stock valued at $99,000 after acquiring an additional 560 shares in the last quarter. 16.20% of the stock is owned by hedge funds and other institutional investors.

Infosys Price Performance

NYSE INFY traded down $0.11 during mid-day trading on Wednesday, reaching $17.46. The stock had a trading volume of 2,143,244 shares, compared to its average volume of 9,611,035. The company has a fifty day moving average price of $18.25 and a 200 day moving average price of $20.82. Infosys Limited has a 1 year low of $15.82 and a 1 year high of $23.63. The stock has a market cap of $72.34 billion, a PE ratio of 22.08, a price-to-earnings-growth ratio of 3.50 and a beta of 0.97.

Infosys (NYSE:INFY - Get Free Report) last released its quarterly earnings data on Thursday, April 17th. The technology company reported $0.20 EPS for the quarter, beating the consensus estimate of $0.19 by $0.01. The company had revenue of $4.79 billion for the quarter, compared to analysts' expectations of $420.69 billion. Infosys had a return on equity of 31.60% and a net margin of 17.28%. During the same period last year, the firm posted $0.23 earnings per share. As a group, equities research analysts expect that Infosys Limited will post 0.74 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on INFY shares. Stifel Nicolaus reduced their price target 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. StockNews.com cut Infosys from a "buy" rating to a "hold" rating in a research note on Wednesday, April 23rd. Investec raised Infosys from a "sell" rating to a "buy" rating in a research note on Friday, April 18th. Susquehanna upgraded shares of Infosys from a "negative" rating to a "neutral" rating and set a $17.00 target price on the stock in a report on Monday, April 14th. Finally, 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. Seven analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target 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.