Infosys Limited (NYSE:INFY) Shares Sold by Foster & Motley Inc.

Foster & Motley Inc. trimmed its holdings in shares of Infosys Limited (NYSE:INFY) by 2.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 152,675 shares of the technology company’s stock after selling 3,785 shares during the period. Foster & Motley Inc.’s holdings in Infosys were worth $3,347,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Mizuho Securities Co. Ltd. purchased a new stake in shares of Infosys during the 3rd quarter valued at about $33,000. Brooklyn Investment Group acquired a new stake in Infosys in the fourth quarter valued at approximately $52,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Infosys during the third quarter valued at approximately $57,000. Whittier Trust Co. of Nevada Inc. lifted its position in shares of Infosys by 25.3% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 3,795 shares of the technology company’s stock worth $85,000 after purchasing an additional 766 shares in the last quarter. Finally, GAMMA Investing LLC boosted its stake in shares of Infosys by 34.3% in the third quarter. GAMMA Investing LLC now owns 3,936 shares of the technology company’s stock valued at $88,000 after purchasing an additional 1,005 shares during the period. 16.20% of the stock is owned by institutional investors and hedge funds.

Infosys Trading Up 0.8 %

Shares of NYSE INFY opened at $21.71 on Thursday. The company has a market capitalization of $89.90 billion, a price-to-earnings ratio of 27.47, a price-to-earnings-growth ratio of 3.54 and a beta of 1.00. Infosys Limited has a twelve month low of $16.04 and a twelve month high of $23.63. The business has a 50 day simple moving average of $22.48 and a 200-day simple moving average of $22.30.

Infosys (NYSE:INFY) last released its earnings results on Thursday, January 16th. The technology company reported $0.19 earnings per share 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 quarter last year, the business earned $0.18 earnings per share. As a group, equities analysts predict that Infosys Limited will post 0.74 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on INFY shares. BMO Capital Markets lifted their price target on shares of Infosys from $23.00 to $25.00 and gave the stock a “market perform” rating in a research note on Friday, October 18th. StockNews.com raised Infosys from a “hold” rating to a “buy” rating in a research report on Wednesday, January 22nd. HSBC raised Infosys from a “hold” rating to a “buy” rating in a report on Monday, December 9th. Guggenheim restated a “neutral” rating on shares of Infosys in a report 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 given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $20.22.

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.