Victory Capital Management Inc. Sells 126,560 Shares of Infosys Limited (NYSE:INFY)

Victory Capital Management Inc. lowered its position in shares of Infosys Limited (NYSE:INFY) by 2.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,613,270 shares of the technology company’s stock after selling 126,560 shares during the period. Victory Capital Management Inc. owned 0.11% of Infosys worth $101,123,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in INFY. Sierra Ocean LLC bought a new position in shares of Infosys during the fourth quarter worth approximately $29,000. Mizuho Securities Co. Ltd. bought a new position in shares of Infosys during the third quarter worth approximately $33,000. Brooklyn Investment Group bought a new position in Infosys during the 4th quarter worth $52,000. Wilmington Savings Fund Society FSB bought a new position in Infosys during the 3rd quarter worth $57,000. Finally, 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 worth $99,000 after acquiring an additional 560 shares during the period. Institutional investors own 16.20% of the company’s stock.

Infosys Stock Performance

Shares of INFY opened at $20.07 on Thursday. Infosys Limited has a 52-week low of $16.04 and a 52-week high of $23.63. The business’s fifty day moving average is $21.71 and its 200-day moving average is $22.24. The firm has a market cap of $83.11 billion, a price-to-earnings ratio of 25.40, a PEG ratio of 3.50 and a beta of 1.00.

Infosys (NYSE:INFY) last issued 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 period last year, the business posted $0.18 EPS. As a group, research analysts forecast that Infosys Limited will post 0.74 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. StockNews.com upgraded Infosys from a “hold” rating to a “buy” rating in a research note on Wednesday, January 22nd. HSBC upgraded Infosys from a “hold” rating to a “buy” rating in a research note on Monday, December 9th. Guggenheim restated a “neutral” rating on shares of Infosys in a research note on Friday, January 17th. Finally, Hsbc Global Res upgraded Infosys from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 9th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Infosys currently has a consensus rating of “Hold” and an average 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.