Lbp Am Sa Cuts Stake in Infosys Limited (NYSE:INFY)

Lbp Am Sa lessened its stake in Infosys Limited (NYSE:INFY) by 3.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 104,400 shares of the technology company’s stock after selling 4,000 shares during the quarter. Lbp Am Sa’s holdings in Infosys were worth $2,288,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Sierra Ocean LLC purchased a new position in shares of Infosys in the 4th quarter valued at about $29,000. Brooklyn Investment Group purchased a new position in shares of Infosys in the 4th quarter valued at about $52,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Infosys in the 3rd quarter valued at about $57,000. Farther Finance Advisors LLC increased its holdings in shares of Infosys by 69.7% in the 4th quarter. Farther Finance Advisors LLC now owns 3,115 shares of the technology company’s stock valued at $68,000 after purchasing an additional 1,279 shares in the last quarter. Finally, GAMMA Investing LLC increased its holdings 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 purchasing an additional 560 shares in the last quarter. Hedge funds and other institutional investors own 16.20% of the company’s stock.

Analysts Set New Price Targets

INFY has been the subject of a number of research analyst reports. HSBC upgraded shares of Infosys from a “hold” rating to a “buy” rating in a report on Monday, December 9th. StockNews.com downgraded shares of Infosys from a “buy” rating to a “hold” rating in a report on Monday, March 10th. CLSA upgraded shares of Infosys from a “hold” rating to an “outperform” rating in a report on Friday, March 7th. Hsbc Global Res upgraded shares of Infosys from a “hold” rating to a “strong-buy” rating in a report on Monday, December 9th. Finally, Guggenheim restated a “neutral” rating on shares of Infosys in a report on Friday, January 17th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $19.78.

Infosys Price Performance

Infosys stock opened at $18.41 on Friday. Infosys Limited has a 12-month low of $16.04 and a 12-month high of $23.63. The stock has a market capitalization of $76.24 billion, a P/E ratio of 23.30, a P/E/G ratio of 3.50 and a beta of 1.01. The firm’s 50-day moving average is $21.25 and its two-hundred day moving average is $22.07.

Infosys (NYSE:INFY) last released its quarterly earnings results 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 net margin of 17.28% and a return on equity of 31.60%. During the same quarter in the previous year, the company posted $0.18 EPS. As a group, analysts forecast that Infosys Limited will post 0.74 EPS for the current year.

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.