Infosys Limited (NYSE:INFY) Shares Sold by Crestline Management LP

Crestline Management LP lowered its position in Infosys Limited (NYSE:INFY - Free Report) by 63.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,899 shares of the technology company's stock after selling 20,400 shares during the quarter. Crestline Management LP's holdings in Infosys were worth $261,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Sierra Ocean LLC purchased a new stake in Infosys in the fourth quarter valued at approximately $29,000. Brooklyn Investment Group purchased a new stake in Infosys in the fourth quarter valued at approximately $52,000. Farther Finance Advisors LLC raised its stake in shares of Infosys by 69.7% during 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. Principal Securities Inc. raised its stake in shares of Infosys by 210.1% during the fourth quarter. Principal Securities Inc. now owns 4,822 shares of the technology company's stock worth $106,000 after purchasing an additional 3,267 shares during the last quarter. Finally, KLP Kapitalforvaltning AS purchased a new stake in shares of Infosys during the fourth quarter worth approximately $132,000. Hedge funds and other institutional investors own 16.20% of the company's stock.

Infosys Stock Performance

NYSE:INFY traded down $0.42 during trading hours on Friday, hitting $18.30. The company's stock had a trading volume of 12,913,567 shares, compared to its average volume of 9,712,020. The business's 50-day moving average is $17.70 and its two-hundred day moving average is $20.43. The company has a market capitalization of $75.78 billion, a PE ratio of 23.16, a PEG ratio of 3.50 and a beta of 0.98. Infosys Limited has a 52-week low of $15.82 and a 52-week high of $23.63.

Infosys (NYSE:INFY - Get Free Report) last released its quarterly earnings data on Thursday, April 17th. The technology company reported $0.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.01. The firm had revenue of $4.79 billion during 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 quarter in the prior year, the business posted $0.23 earnings per share. As a group, analysts predict that Infosys Limited will post 0.74 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. BMO Capital Markets cut their price target on Infosys from $25.00 to $18.00 and set a "market perform" rating for the company in a research note on Monday, April 21st. Guggenheim restated a "neutral" rating on shares of Infosys in a research note on Friday, January 17th. StockNews.com upgraded Infosys from a "hold" rating to a "buy" rating in a research note on Friday. Susquehanna upgraded Infosys from a "negative" rating to a "neutral" rating and set a $17.00 price target for the company in a research note on Monday, April 14th. Finally, CLSA upgraded Infosys from a "hold" rating to an "outperform" rating in a research note on Friday, March 7th. Six analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company 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.