Logan Capital Management Inc. Has $2.17 Million Stock Position in Infosys Limited (NYSE:INFY)

Logan Capital Management Inc. trimmed its position in shares of Infosys Limited (NYSE:INFY - Free Report) by 21.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 98,854 shares of the technology company's stock after selling 26,438 shares during the period. Logan Capital Management Inc.'s holdings in Infosys were worth $2,167,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently bought and sold shares of INFY. Sierra Ocean LLC bought a new position in Infosys during the fourth quarter valued at about $29,000. Brooklyn Investment Group bought a new position in Infosys during the fourth quarter valued at about $52,000. Farther Finance Advisors LLC raised its holdings in Infosys by 69.7% during the fourth quarter. Farther Finance Advisors LLC now owns 3,115 shares of the technology company's stock valued at $68,000 after buying an additional 1,279 shares in the last quarter. Principal Securities Inc. grew its position in shares of Infosys by 210.1% in the fourth quarter. Principal Securities Inc. now owns 4,822 shares of the technology company's stock valued at $106,000 after purchasing an additional 3,267 shares during the last quarter. Finally, KLP Kapitalforvaltning AS acquired a new stake in shares of Infosys in the fourth quarter valued at about $132,000. 16.20% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on INFY shares. Susquehanna raised Infosys from a "negative" rating to a "neutral" rating and set a $17.00 price target on the stock in a research report on Monday, April 14th. Investec raised Infosys from a "sell" rating to a "buy" rating in a research report on Friday, April 18th. CLSA raised Infosys from a "hold" rating to an "outperform" rating in a research report on Friday, March 7th. The Goldman Sachs Group downgraded Infosys from a "buy" rating to a "neutral" rating and set a $17.90 price target on the stock. in a research report on Monday, April 21st. Finally, BMO Capital Markets lowered their price target on Infosys from $25.00 to $18.00 and set a "market perform" rating on the stock in a research report on Monday, April 21st. Six investment 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, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $17.48.

Infosys Trading Down 2.3%

INFY stock traded down $0.42 during trading on Friday, reaching $18.30. 12,913,567 shares of the stock were exchanged, compared to its average volume of 9,712,020. Infosys Limited has a twelve month low of $15.82 and a twelve month high of $23.63. The company has a market capitalization of $75.78 billion, a P/E ratio of 23.16, a price-to-earnings-growth ratio of 3.50 and a beta of 0.98. The stock has a 50 day simple moving average of $17.70 and a 200-day simple moving average of $20.43.

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, 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 the consensus estimate of $420.69 billion. During the same period last year, the business earned $0.23 earnings per share. Equities analysts predict that Infosys Limited will post 0.74 EPS for the current year.

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.