Bank of New York Mellon Corp decreased its stake in Infosys Limited (NYSE:INFY - Free Report) by 81.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 925,416 shares of the technology company's stock after selling 4,170,624 shares during the period. Bank of New York Mellon Corp's holdings in Infosys were worth $20,285,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently modified their holdings of INFY. BHK Investment Advisors LLC grew its position in shares of Infosys by 2.3% in the 4th quarter. BHK Investment Advisors LLC now owns 22,785 shares of the technology company's stock worth $499,000 after acquiring an additional 507 shares in the last quarter. Wealthstream Advisors Inc. grew its position in shares of Infosys by 9.8% in the 4th quarter. Wealthstream Advisors Inc. now owns 11,354 shares of the technology company's stock worth $249,000 after acquiring an additional 1,009 shares in the last quarter. RWC Asset Management LLP lifted its holdings in shares of Infosys by 4.3% in the 4th quarter. RWC Asset Management LLP now owns 1,439,629 shares of the technology company's stock worth $31,557,000 after purchasing an additional 59,809 shares during the last quarter. Union Bancaire Privee UBP SA bought a new stake in shares of Infosys in the 4th quarter worth approximately $508,000. Finally, Allianz Asset Management GmbH lifted its holdings in shares of Infosys by 143.6% in the 4th quarter. Allianz Asset Management GmbH now owns 1,460,049 shares of the technology company's stock worth $32,004,000 after purchasing an additional 860,702 shares during the last quarter. Hedge funds and other institutional investors own 16.20% of the company's stock.
Wall Street Analyst Weigh In
INFY has been the topic of several recent research reports. HSBC raised Infosys from a "hold" rating to a "buy" rating in a report on Monday, December 9th. Hsbc Global Res upgraded Infosys from a "hold" rating to a "strong-buy" rating in a report on Monday, December 9th. StockNews.com cut Infosys from a "buy" rating to a "hold" rating in a report on Monday. CLSA upgraded Infosys from a "hold" rating to an "outperform" rating in a report on Friday, March 7th. Finally, Guggenheim reiterated a "neutral" rating on shares of Infosys in a report on Friday, January 17th. Two research analysts have rated the stock with a sell rating, four have given a hold rating, four have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $19.78.
Read Our Latest Report on INFY
Infosys Stock Up 0.6 %
Shares of NYSE:INFY traded up $0.12 on Friday, reaching $18.41. The company had a trading volume of 7,767,295 shares, compared to its average volume of 10,710,049. Infosys Limited has a twelve month low of $16.04 and a twelve month high of $23.63. The stock has a 50-day moving average price of $21.33 and a 200 day moving average price of $22.10. The stock has a market capitalization of $76.24 billion, a P/E ratio of 23.30, a P/E/G ratio of 3.50 and a beta of 1.01.
Infosys (NYSE:INFY - Get Free Report) last posted its quarterly earnings data 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 return on equity of 31.60% and a net margin of 17.28%. During the same quarter in the previous year, the firm posted $0.18 earnings per share. On average, sell-side analysts predict that Infosys Limited will post 0.74 earnings per share for the current fiscal year.
Infosys Profile
(
Free Report)
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.
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