Schroder Investment Management Group Reduces Position in Infosys Limited (NYSE:INFY)

Schroder Investment Management Group decreased its position in Infosys Limited (NYSE:INFY) by 17.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,597,439 shares of the technology company’s stock after selling 771,839 shares during the period. Schroder Investment Management Group owned approximately 0.09% of Infosys worth $79,503,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. SG Americas Securities LLC acquired a new stake in shares of Infosys during the fourth quarter worth about $311,000. Jones Financial Companies Lllp lifted its stake in Infosys by 15.9% during the 4th quarter. Jones Financial Companies Lllp now owns 7,520 shares of the technology company’s stock valued at $165,000 after acquiring an additional 1,030 shares during the period. Haven Global Partners LLC purchased a new stake in shares of Infosys in the 4th quarter valued at $4,078,000. Nomura Asset Management Co. Ltd. increased its stake in shares of Infosys by 22.5% in the third quarter. Nomura Asset Management Co. Ltd. now owns 670,907 shares of the technology company’s stock worth $14,941,000 after acquiring an additional 123,083 shares during the period. Finally, Barclays PLC raised its holdings in shares of Infosys by 11.8% during the third quarter. Barclays PLC now owns 2,523,605 shares of the technology company’s stock worth $56,200,000 after purchasing an additional 266,902 shares during the last quarter. Institutional investors and hedge funds own 16.20% of the company’s stock.

Infosys Price Performance

Shares of NYSE:INFY opened at $18.17 on Monday. The business’s 50 day moving average price is $20.45 and its 200-day moving average price is $21.75. Infosys Limited has a 1 year low of $16.04 and a 1 year high of $23.63. The firm has a market capitalization of $75.26 billion, a price-to-earnings ratio of 23.00, a price-to-earnings-growth ratio of 3.50 and a beta of 1.01.

Infosys (NYSE:INFY) last announced its 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 net margin of 17.28% and a return on equity of 31.60%. During the same period last year, the business earned $0.18 EPS. On average, sell-side analysts expect that Infosys Limited will post 0.74 earnings per share for the current year.

Analysts Set New Price Targets

INFY has been the topic of several recent research reports. Guggenheim reaffirmed a “neutral” rating on shares of Infosys in a report on Friday, January 17th. CLSA raised Infosys from a “hold” rating to an “outperform” rating in a report on Friday, March 7th. Hsbc Global Res raised Infosys from a “hold” rating to a “strong-buy” rating in a report on Monday, December 9th. StockNews.com cut shares of Infosys from a “buy” rating to a “hold” rating in a research note on Thursday, March 20th. Finally, HSBC upgraded shares of 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 assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $19.70.

Infosys Company 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.