EntryPoint Capital LLC Has $221,000 Stock Holdings in Infosys Limited (NYSE:INFY)

EntryPoint Capital LLC reduced its stake in shares of Infosys Limited (NYSE:INFY) by 30.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 10,076 shares of the technology company’s stock after selling 4,467 shares during the quarter. EntryPoint Capital LLC’s holdings in Infosys were worth $221,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Sierra Ocean LLC bought a new position in shares of Infosys in the 4th quarter valued at $29,000. Brooklyn Investment Group bought a new position in Infosys in the fourth quarter valued at about $52,000. Wilmington Savings Fund Society FSB acquired a new position in Infosys during the third quarter worth about $57,000. Farther Finance Advisors LLC lifted its holdings in shares of Infosys by 69.7% in the fourth quarter. Farther Finance Advisors LLC now owns 3,115 shares of the technology company’s stock worth $68,000 after acquiring an additional 1,279 shares during the last quarter. Finally, GAMMA Investing LLC boosted 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 purchasing an additional 560 shares in the last quarter. Institutional investors own 16.20% of the company’s stock.

Infosys Trading Down 2.7 %

Shares of INFY opened at $18.17 on Friday. The stock’s 50-day moving average price is $20.45 and its two-hundred day moving average price is $21.75. Infosys Limited has a 12 month low of $16.04 and a 12 month high of $23.63. The company has a market capitalization of $75.26 billion, a PE ratio of 23.00, a PEG ratio of 3.50 and a beta of 1.01.

Infosys (NYSE:INFY) last posted its quarterly earnings data on Thursday, January 16th. The technology company reported $0.19 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 last year, the company earned $0.18 EPS. Equities research analysts predict that Infosys Limited will post 0.74 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. StockNews.com cut shares of Infosys from a “buy” rating to a “hold” rating in a research report on Thursday, March 20th. CLSA upgraded Infosys from a “hold” rating to an “outperform” rating in a research note on Friday, March 7th. Hsbc Global Res upgraded Infosys from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 9th. Guggenheim reiterated a “neutral” rating on shares of Infosys in a research report on Friday, January 17th. Finally, HSBC raised Infosys from a “hold” rating to a “buy” rating in a research note on Monday, December 9th. Two research analysts have rated the stock with a sell rating, four have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $19.70.

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.