Wells Fargo & Company MN Decreases Stake in Infosys Limited (NYSE:INFY)

Wells Fargo & Company MN lowered its position in shares of Infosys Limited (NYSE:INFY - Free Report) by 25.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 134,789 shares of the technology company's stock after selling 46,306 shares during the quarter. Wells Fargo & Company MN's holdings in Infosys were worth $2,955,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. BHK Investment Advisors LLC increased its position in Infosys by 2.3% in the fourth quarter. BHK Investment Advisors LLC now owns 22,785 shares of the technology company's stock worth $499,000 after purchasing an additional 507 shares during the last quarter. Outlook Wealth Advisors LLC boosted its stake in shares of Infosys by 2.8% during the fourth quarter. Outlook Wealth Advisors LLC now owns 18,405 shares of the technology company's stock valued at $403,000 after purchasing an additional 508 shares during the period. GAMMA Investing LLC boosted its stake in shares of Infosys by 14.2% during the fourth quarter. GAMMA Investing LLC now owns 4,496 shares of the technology company's stock valued at $99,000 after purchasing an additional 560 shares during the period. Flagship Harbor Advisors LLC grew its holdings in Infosys by 6.2% during the 4th quarter. Flagship Harbor Advisors LLC now owns 11,026 shares of the technology company's stock worth $242,000 after acquiring an additional 641 shares in the last quarter. Finally, Atomi Financial Group Inc. increased its holdings in Infosys by 1.7% during the fourth quarter. Atomi Financial Group Inc. now owns 38,263 shares of the technology company's stock valued at $839,000 after buying an additional 655 shares during the period. Institutional investors own 16.20% of the company's stock.

Infosys Trading Up 1.4 %

Shares of NYSE INFY traded up $0.25 during trading hours on Tuesday, reaching $17.58. The stock had a trading volume of 7,769,518 shares, compared to its average volume of 9,640,249. The firm has a market cap of $72.82 billion, a price-to-earnings ratio of 22.25, a PEG ratio of 3.50 and a beta of 0.97. Infosys Limited has a fifty-two week low of $15.82 and a fifty-two week high of $23.63. The firm has a 50-day moving average of $18.25 and a 200-day moving average of $20.82.

Infosys (NYSE:INFY - Get Free Report) last posted its quarterly earnings data 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. 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 analyst estimates of $420.69 billion. During the same period last year, the firm posted $0.23 EPS. On average, equities analysts predict that Infosys Limited will post 0.74 EPS for the current year.

Wall Street Analysts Forecast Growth

INFY has been the topic of several analyst reports. Investec raised shares of Infosys from a "sell" rating to a "buy" rating in a report on Friday, April 18th. Guggenheim restated a "neutral" rating on shares of Infosys in a research report on Friday, January 17th. BMO Capital Markets decreased their price objective on shares of Infosys from $25.00 to $18.00 and set a "market perform" rating for the company in a research report on Monday, April 21st. StockNews.com cut shares of Infosys from a "buy" rating to a "hold" rating in a research note on Wednesday, April 23rd. Finally, CLSA upgraded Infosys from a "hold" rating to an "outperform" rating in a research report on Friday, March 7th. Seven research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average 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.