Price T Rowe Associates Inc. MD Sells 248,570 Shares of Infosys Limited (NYSE:INFY)

Price T Rowe Associates Inc. MD trimmed its position in shares of Infosys Limited (NYSE:INFY - Free Report) by 6.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,822,599 shares of the technology company's stock after selling 248,570 shares during the quarter. Price T Rowe Associates Inc. MD owned 0.09% of Infosys worth $83,792,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in the business. First Trust Advisors LP increased its position in Infosys by 14.5% in the fourth quarter. First Trust Advisors LP now owns 32,410,108 shares of the technology company's stock worth $710,430,000 after purchasing an additional 4,108,903 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its stake in Infosys by 6.2% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 25,841,022 shares of the technology company's stock valued at $566,435,000 after purchasing an additional 1,501,039 shares in the last quarter. Fisher Asset Management LLC lifted its stake in Infosys by 0.7% during the 4th quarter. Fisher Asset Management LLC now owns 14,517,359 shares of the technology company's stock valued at $318,221,000 after acquiring an additional 102,341 shares during the period. Franklin Resources Inc. boosted its stake in shares of Infosys by 2.0% in the fourth quarter. Franklin Resources Inc. now owns 11,501,533 shares of the technology company's stock worth $252,114,000 after buying an additional 229,482 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its position in Infosys by 118.8% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 7,912,259 shares of the technology company's stock worth $173,437,000 after purchasing an additional 4,296,291 shares in the last quarter. 16.20% of the stock is currently owned by institutional investors.

Infosys Stock Up 1.6 %

Shares of INFY traded up $0.29 on Friday, hitting $17.89. The company's stock had a trading volume of 7,843,447 shares, compared to its average volume of 9,623,589. The firm has a market capitalization of $74.10 billion, a price-to-earnings ratio of 22.65, a P/E/G ratio of 3.50 and a beta of 0.97. The firm's fifty day moving average price is $18.12 and its 200-day moving average price is $20.76. Infosys Limited has a fifty-two week low of $15.82 and a fifty-two week high of $23.63.

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

Analyst Ratings Changes

A number of equities analysts have commented on INFY shares. The Goldman Sachs Group downgraded shares of Infosys from a "buy" rating to a "neutral" rating and set a $17.90 target price on the stock. in a research note on Monday, April 21st. Susquehanna raised Infosys from a "negative" rating to a "neutral" rating and set a $17.00 price objective on the stock in a report on Monday, April 14th. CLSA raised shares of Infosys from a "hold" rating to an "outperform" rating in a research note on Friday, March 7th. Stifel Nicolaus cut their price objective on shares of Infosys from $18.00 to $17.00 and set a "hold" rating for the company in a research report on Monday, April 21st. Finally, BMO Capital Markets cut their target price 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. Seven equities research 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 stock. Based on data from MarketBeat.com, Infosys currently has an average 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.