Infosys Limited (NYSE:INFY) Shares Sold by Foster & Motley Inc.

Foster & Motley Inc. lessened its position in Infosys Limited (NYSE:INFY) by 2.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 152,675 shares of the technology company’s stock after selling 3,785 shares during the period. Foster & Motley Inc.’s holdings in Infosys were worth $3,347,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Outlook Wealth Advisors LLC increased its holdings 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. Canopy Partners LLC grew its position in Infosys by 3.1% in the 3rd quarter. Canopy Partners LLC now owns 17,129 shares of the technology company’s stock valued at $381,000 after buying an additional 522 shares in the last quarter. GAMMA Investing LLC increased its stake in Infosys by 14.2% during the 4th quarter. GAMMA Investing LLC now owns 4,496 shares of the technology company’s stock valued at $99,000 after buying an additional 560 shares during the period. Flagship Harbor Advisors LLC raised its position in shares of 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 buying an additional 641 shares in the last quarter. Finally, Modera Wealth Management LLC raised its position in shares of Infosys by 0.4% during the 3rd quarter. Modera Wealth Management LLC now owns 183,028 shares of the technology company’s stock worth $4,076,000 after buying an additional 653 shares in the last quarter. 16.20% of the stock is currently owned by institutional investors.

Infosys Stock Up 0.8 %

Shares of Infosys stock opened at $21.71 on Thursday. Infosys Limited has a 12-month low of $16.04 and a 12-month high of $23.63. The firm has a market capitalization of $89.90 billion, a PE ratio of 27.47, a price-to-earnings-growth ratio of 3.54 and a beta of 1.00. The stock’s fifty day moving average is $22.48 and its 200-day moving average is $22.30.

Infosys (NYSE:INFY) last posted its quarterly earnings data on Thursday, January 16th. The technology company reported $0.19 earnings per share (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 in the prior year, the firm posted $0.18 EPS. Analysts expect that Infosys Limited will post 0.74 EPS for the current year.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. StockNews.com upgraded shares of Infosys from a “hold” rating to a “buy” rating in a research note on Wednesday, January 22nd. BMO Capital Markets lifted their price target on Infosys from $23.00 to $25.00 and gave the company a “market perform” rating in a research report on Friday, October 18th. Investec lowered Infosys from a “hold” rating to a “sell” rating in a report on Thursday, October 3rd. Guggenheim reaffirmed a “neutral” rating on shares of Infosys in a research note on Friday, January 17th. Finally, HSBC upgraded shares of Infosys from a “hold” rating to a “buy” rating in a research report on Monday, December 9th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $20.22.

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.