Infosys Limited (NYSE:INFY) Shares Sold by Greenleaf Trust

Greenleaf Trust reduced its position in Infosys Limited (NYSE:INFY) by 43.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 16,221 shares of the technology company’s stock after selling 12,636 shares during the quarter. Greenleaf Trust’s holdings in Infosys were worth $298,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of INFY. JFS Wealth Advisors LLC boosted its holdings in shares of Infosys by 88.3% in the third quarter. JFS Wealth Advisors LLC now owns 2,945 shares of the technology company’s stock valued at $50,000 after acquiring an additional 1,381 shares during the period. Planned Solutions Inc. acquired a new stake in shares of Infosys in the fourth quarter valued at approximately $50,000. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in shares of Infosys in the third quarter valued at approximately $85,000. Blue Trust Inc. boosted its holdings in shares of Infosys by 61.8% in the fourth quarter. Blue Trust Inc. now owns 9,443 shares of the technology company’s stock valued at $161,000 after acquiring an additional 3,606 shares during the period. Finally, Stratos Wealth Partners LTD. acquired a new stake in shares of Infosys in the third quarter valued at approximately $172,000. 10.89% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

INFY has been the subject of several recent research reports. StockNews.com downgraded Infosys from a “buy” rating to a “hold” rating in a report on Tuesday, March 19th. BNP Paribas initiated coverage on Infosys in a report on Wednesday, January 17th. They set an “outperform” rating and a $24.00 price target for the company. Susquehanna decreased their price target on Infosys from $15.00 to $14.00 and set a “negative” rating for the company in a report on Friday, April 19th. Bank of America raised Infosys from a “neutral” rating to a “buy” rating in a report on Tuesday, April 9th. Finally, BMO Capital Markets decreased their price target on Infosys from $21.00 to $18.00 and set a “market perform” rating for the company in a report on Friday, April 19th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $19.27.

Infosys Stock Performance

Infosys stock opened at $17.18 on Wednesday. Infosys Limited has a one year low of $14.71 and a one year high of $20.74. The business has a fifty day moving average of $18.69 and a two-hundred day moving average of $18.34. The company has a market cap of $71.09 billion, a P/E ratio of 22.60, a price-to-earnings-growth ratio of 2.21 and a beta of 0.93.

Infosys (NYSE:INFY) last announced its quarterly earnings results on Thursday, April 18th. The technology company reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.17 by $0.06. Infosys had a return on equity of 32.33% and a net margin of 17.06%. The business had revenue of $4.56 billion during the quarter, compared to analysts’ expectations of $4.49 billion. During the same quarter last year, the business posted $0.18 earnings per share. Sell-side analysts predict that Infosys Limited will post 0.76 EPS for the current year.

Infosys Company Profile

Infosys Limited, together with its subsidiaries, provides consulting, technology, outsourcing, and next-generation digital services in North America, Europe, India, and internationally. It provides application management and application development services, independent validation solutions, product engineering and management, infrastructure management services, traditional enterprise application implementation, support, and integration services.