Infosys Limited (NYSE:INFY) Shares Sold by Genesis Investment Management LLP

Genesis Investment Management LLP reduced its position in shares of Infosys Limited (NYSE:INFY) by 79.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 302,408 shares of the technology company’s stock after selling 1,148,037 shares during the period. Infosys accounts for approximately 7.3% of Genesis Investment Management LLP’s holdings, making the stock its 6th biggest position. Genesis Investment Management LLP’s holdings in Infosys were worth $6,629,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of INFY. Mercer Global Advisors Inc. ADV increased its position in Infosys by 2.9% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 17,632 shares of the technology company’s stock worth $328,000 after buying an additional 505 shares during the period. Outlook Wealth Advisors LLC increased its position in Infosys by 2.8% during the fourth quarter. Outlook Wealth Advisors LLC now owns 18,405 shares of the technology company’s stock worth $403,000 after acquiring an additional 508 shares during the period. Canopy Partners LLC raised its stake in Infosys by 3.1% during the 3rd quarter. Canopy Partners LLC now owns 17,129 shares of the technology company’s stock valued at $381,000 after purchasing an additional 522 shares during the last quarter. GAMMA Investing LLC raised its stake in Infosys by 14.2% during 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 during the last quarter. Finally, Modera Wealth Management LLC boosted its holdings in Infosys by 0.4% in the 3rd quarter. Modera Wealth Management LLC now owns 183,028 shares of the technology company’s stock valued at $4,076,000 after purchasing an additional 653 shares during the period. 16.20% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Guggenheim restated a “neutral” rating on shares of Infosys in a report on Friday. BMO Capital Markets boosted their price target on Infosys from $23.00 to $25.00 and gave the company a “market perform” rating in a research note on Friday, October 18th. Investec downgraded Infosys from a “hold” rating to a “sell” rating in a research report on Thursday, October 3rd. Hsbc Global Res upgraded Infosys from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 9th. Finally, StockNews.com lowered Infosys from a “buy” rating to a “hold” rating in a research note on Friday, January 3rd. Two analysts have rated the stock with a sell rating, four have given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $20.22.

Infosys Price Performance

Shares of NYSE:INFY opened at $21.16 on Tuesday. The business’s fifty day moving average price is $22.53 and its two-hundred day moving average price is $22.21. Infosys Limited has a fifty-two week low of $16.04 and a fifty-two week high of $23.63. The stock has a market capitalization of $87.65 billion, a price-to-earnings ratio of 26.79, a price-to-earnings-growth ratio of 3.45 and a beta of 1.00.

Infosys (NYSE:INFY) last posted its earnings results on Thursday, January 16th. The technology company reported $0.19 earnings per share 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 period last year, the business posted $0.18 EPS. Research analysts expect that Infosys Limited will post 0.74 EPS for the current fiscal year.

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.