Euro Pacific Asset Management LLC Decreases Stock Holdings in Infosys Limited (NYSE:INFY)

Euro Pacific Asset Management LLC lessened its holdings in Infosys Limited (NYSE:INFY) by 2.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 65,889 shares of the technology company’s stock after selling 1,437 shares during the period. Euro Pacific Asset Management LLC’s holdings in Infosys were worth $1,452,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in INFY. Mizuho Securities Co. Ltd. acquired a new stake in Infosys in the 3rd quarter valued at $33,000. Brooklyn Investment Group acquired a new stake in shares of Infosys in the fourth quarter valued at about $52,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Infosys in the third quarter valued at about $57,000. Whittier Trust Co. of Nevada Inc. raised its holdings in shares of Infosys by 25.3% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 3,795 shares of the technology company’s stock valued at $85,000 after buying an additional 766 shares during the period. Finally, GAMMA Investing LLC lifted its position in Infosys by 34.3% during the 3rd quarter. GAMMA Investing LLC now owns 3,936 shares of the technology company’s stock worth $88,000 after acquiring an additional 1,005 shares in the last quarter. Institutional investors and hedge funds own 16.20% of the company’s stock.

Infosys Stock Down 0.4 %

Shares of NYSE INFY opened at $21.70 on Friday. The stock’s 50 day moving average price is $22.49 and its two-hundred day moving average price is $22.22. Infosys Limited has a 52-week low of $16.04 and a 52-week high of $23.63. The stock has a market capitalization of $89.86 billion, a P/E ratio of 27.46, a PEG ratio of 3.54 and a beta of 1.00.

Infosys (NYSE:INFY) last posted its quarterly earnings results on Thursday, January 16th. The technology company reported $0.19 earnings per share (EPS) for the quarter, meeting 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 company posted $0.18 EPS. On average, analysts anticipate that Infosys Limited will post 0.74 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on INFY. Hsbc Global Res upgraded shares of Infosys from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 9th. BMO Capital Markets lifted their price target on shares of Infosys from $23.00 to $25.00 and gave the stock a “market perform” rating in a research note on Friday, October 18th. StockNews.com raised shares of Infosys from a “hold” rating to a “buy” rating in a research report on Wednesday. Investec lowered Infosys from a “hold” rating to a “sell” rating in a research report on Thursday, October 3rd. Finally, HSBC raised Infosys from a “hold” rating to a “buy” rating in a report on Monday, December 9th. Two analysts have rated the stock with a sell rating, three have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $20.22.

About Infosys

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.