Baillie Gifford & Co. Sells 181,398 Shares of Infosys Limited (NYSE:INFY)

Baillie Gifford & Co. reduced its stake in Infosys Limited (NYSE:INFY - Free Report) by 5.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,907,660 shares of the technology company's stock after selling 181,398 shares during the period. Baillie Gifford & Co. owned approximately 0.07% of Infosys worth $63,736,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the stock. Robeco Institutional Asset Management B.V. boosted its position in shares of Infosys by 6.2% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 25,841,022 shares of the technology company's stock valued at $566,435,000 after buying an additional 1,501,039 shares during the last quarter. Fisher Asset Management LLC boosted its position in shares of Infosys by 9.7% during the third quarter. Fisher Asset Management LLC now owns 14,415,018 shares of the technology company's stock valued at $321,022,000 after buying an additional 1,271,890 shares during the last quarter. Franklin Resources Inc. boosted its position in shares of Infosys by 2.9% during the third quarter. Franklin Resources Inc. now owns 11,272,051 shares of the technology company's stock valued at $263,315,000 after buying an additional 322,648 shares during the last quarter. BNP Paribas Financial Markets boosted its position in shares of Infosys by 5.1% during the third quarter. BNP Paribas Financial Markets now owns 6,072,537 shares of the technology company's stock valued at $135,235,000 after buying an additional 297,183 shares during the last quarter. Finally, Daiwa Securities Group Inc. boosted its position in shares of Infosys by 11.8% during the third quarter. Daiwa Securities Group Inc. now owns 5,852,900 shares of the technology company's stock valued at $130,344,000 after buying an additional 618,400 shares during the last quarter. 16.20% of the stock is owned by hedge funds and other institutional investors.

Infosys Stock Performance

Shares of NYSE INFY traded down $0.19 during trading on Friday, hitting $21.17. The company had a trading volume of 13,778,220 shares, compared to its average volume of 9,915,374. The stock has a 50 day simple moving average of $22.13 and a 200 day simple moving average of $22.29. Infosys Limited has a 12 month low of $16.04 and a 12 month high of $23.63. The firm has a market capitalization of $87.67 billion, a P/E ratio of 26.79, a price-to-earnings-growth ratio of 3.48 and a beta of 1.00.

Infosys (NYSE:INFY - Get Free Report) last posted its quarterly earnings data on Thursday, January 16th. The technology company reported $0.19 EPS for the quarter, hitting the consensus estimate of $0.19. Infosys had a return on equity of 31.60% and a net margin of 17.28%. During the same period in the prior year, the company earned $0.18 EPS. As a group, analysts predict that Infosys Limited will post 0.74 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts recently commented on INFY shares. StockNews.com raised Infosys from a "hold" rating to a "buy" rating in a research report on Wednesday, January 22nd. Guggenheim reissued a "neutral" rating on shares of Infosys in a research report on Friday, January 17th. Hsbc Global Res raised Infosys from a "hold" rating to a "strong-buy" rating in a research report on Monday, December 9th. Finally, HSBC raised Infosys from a "hold" rating to a "buy" rating in a research report on Monday, December 9th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Infosys has an average rating of "Hold" and an average target price of $20.22.

Infosys 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.