Infosys Limited (NYSE:INFY) Shares Sold by Davis Capital Management

Davis Capital Management trimmed its position in shares of Infosys Limited (NYSE:INFYFree Report) by 1.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 37,403 shares of the technology company’s stock after selling 525 shares during the quarter. Davis Capital Management’s holdings in Infosys were worth $820,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of INFY. Mizuho Securities Co. Ltd. purchased a new stake in Infosys during the third quarter worth $33,000. Brooklyn Investment Group purchased a new stake in shares of Infosys in the fourth quarter valued at $52,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Infosys in the third quarter valued at $57,000. Whittier Trust Co. of Nevada Inc. lifted its position in shares of Infosys by 25.3% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 3,795 shares of the technology company’s stock valued at $85,000 after acquiring an additional 766 shares in the last quarter. Finally, GAMMA Investing LLC lifted its position in shares of Infosys by 34.3% in the third quarter. GAMMA Investing LLC now owns 3,936 shares of the technology company’s stock valued at $88,000 after acquiring an additional 1,005 shares in the last quarter. 16.20% of the stock is currently owned by hedge funds and other institutional investors.

Infosys Price Performance

Shares of NYSE:INFY opened at $21.11 on Wednesday. The firm has a market capitalization of $87.44 billion, a PE ratio of 26.72, a P/E/G ratio of 3.47 and a beta of 1.00. The business has a 50-day moving average of $22.51 and a two-hundred day moving average of $22.22. Infosys Limited has a 12 month low of $16.04 and a 12 month high of $23.63.

Infosys (NYSE:INFYGet Free Report) last announced its quarterly earnings results on Thursday, January 16th. The technology company reported $0.19 EPS for the quarter, hitting the consensus estimate of $0.19. Infosys had a return on equity of 31.60% and a net margin of 17.28%. During the same quarter last year, the firm earned $0.18 earnings per share. As a group, research analysts anticipate that Infosys Limited will post 0.74 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages have recently issued reports on INFY. Investec downgraded Infosys from a “hold” rating to a “sell” rating in a research report on Thursday, October 3rd. Hsbc Global Res upgraded Infosys from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 9th. StockNews.com downgraded Infosys from a “buy” rating to a “hold” rating in a research report on Friday, January 3rd. BMO Capital Markets increased their target price on Infosys from $23.00 to $25.00 and gave the stock a “market perform” rating in a research report on Friday, October 18th. Finally, Guggenheim reiterated a “neutral” rating on shares of Infosys in a research report on Friday, January 17th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $20.22.

View Our Latest Report on Infosys

Infosys Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Infosys (NYSE:INFY)

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