Infosys Limited (NYSE:INFY) Stock Position Decreased by TCW Group Inc.

TCW Group Inc. decreased its position in Infosys Limited (NYSE:INFY) by 18.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 40,027 shares of the technology company’s stock after selling 9,013 shares during the quarter. TCW Group Inc.’s holdings in Infosys were worth $877,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Outlook Wealth Advisors LLC boosted its holdings in Infosys by 2.8% in the fourth quarter. Outlook Wealth Advisors LLC now owns 18,405 shares of the technology company’s stock worth $403,000 after purchasing an additional 508 shares in the last quarter. Canopy Partners LLC boosted its stake in shares of Infosys by 3.1% during the 3rd quarter. Canopy Partners LLC now owns 17,129 shares of the technology company’s stock worth $381,000 after acquiring an additional 522 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of Infosys by 14.2% in the 4th quarter. GAMMA Investing LLC now owns 4,496 shares of the technology company’s stock valued at $99,000 after acquiring an additional 560 shares in the last quarter. Flagship Harbor Advisors LLC grew its holdings in Infosys by 6.2% during the fourth quarter. Flagship Harbor Advisors LLC now owns 11,026 shares of the technology company’s stock valued at $242,000 after purchasing an additional 641 shares during the last quarter. Finally, Modera Wealth Management LLC raised its position in shares of Infosys by 0.4% in the third quarter. Modera Wealth Management LLC now owns 183,028 shares of the technology company’s stock valued at $4,076,000 after purchasing an additional 653 shares during the period. Institutional investors and hedge funds own 16.20% of the company’s stock.

Infosys Price Performance

Shares of INFY stock opened at $20.79 on Tuesday. The stock has a fifty day moving average price of $22.08 and a 200 day moving average price of $22.31. The stock has a market cap of $86.09 billion, a P/E ratio of 26.31, a price-to-earnings-growth ratio of 3.50 and a beta of 1.00. Infosys Limited has a one year low of $16.04 and a one year high of $23.63.

Infosys (NYSE:INFY) last issued its earnings results on Thursday, January 16th. The technology company reported $0.19 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.19. Infosys had a return on equity of 31.60% and a net margin of 17.28%. During the same period in the previous year, the firm posted $0.18 earnings per share. Equities research analysts anticipate that Infosys Limited will post 0.74 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. StockNews.com raised shares of Infosys from a “hold” rating to a “buy” rating in a report on Wednesday, January 22nd. HSBC upgraded shares of Infosys from a “hold” rating to a “buy” rating in a report on Monday, December 9th. Guggenheim reissued a “neutral” rating on shares of Infosys in a research report on Friday, January 17th. Finally, Hsbc Global Res raised Infosys from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 9th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $20.22.

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.