BI Asset Management Fondsmaeglerselskab A S Sells 169,345 Shares of Infosys Limited (NYSE:INFY)

BI Asset Management Fondsmaeglerselskab A S lessened its position in shares of Infosys Limited (NYSE:INFY - Free Report) by 76.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 53,318 shares of the technology company's stock after selling 169,345 shares during the period. BI Asset Management Fondsmaeglerselskab A S's holdings in Infosys were worth $1,169,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of INFY. Dimensional Fund Advisors LP raised its position in shares of Infosys by 2.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 6,601,336 shares of the technology company's stock worth $144,738,000 after acquiring an additional 148,011 shares in the last quarter. First Trust Advisors LP grew its stake in Infosys by 14.5% during the fourth quarter. First Trust Advisors LP now owns 32,410,108 shares of the technology company's stock worth $710,430,000 after purchasing an additional 4,108,903 shares during the period. GeoWealth Management LLC lifted its stake in Infosys by 370.8% in the fourth quarter. GeoWealth Management LLC now owns 8,267 shares of the technology company's stock valued at $181,000 after buying an additional 6,511 shares during the period. Marshall Wace LLP boosted its holdings in shares of Infosys by 32.5% during the 4th quarter. Marshall Wace LLP now owns 242,180 shares of the technology company's stock worth $5,309,000 after buying an additional 59,411 shares in the last quarter. Finally, NewEdge Advisors LLC boosted its holdings in shares of Infosys by 1,288.1% during the 4th quarter. NewEdge Advisors LLC now owns 30,552 shares of the technology company's stock worth $670,000 after buying an additional 28,351 shares in the last quarter. Institutional investors own 16.20% of the company's stock.

Infosys Stock Up 1.9 %

Shares of Infosys stock opened at $16.89 on Wednesday. Infosys Limited has a 52 week low of $15.82 and a 52 week high of $23.63. The business has a 50 day moving average price of $18.66 and a 200-day moving average price of $21.01. The company has a market cap of $69.96 billion, a PE ratio of 21.38, a price-to-earnings-growth ratio of 3.50 and a beta of 0.97.

Infosys (NYSE:INFY - Get Free Report) last issued its quarterly earnings data on Thursday, April 17th. The technology company reported $0.20 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.01. Infosys had a return on equity of 31.60% and a net margin of 17.28%. The business had revenue of $4.79 billion for the quarter, compared to analysts' expectations of $420.69 billion. During the same period last year, the business earned $0.23 EPS. As a group, research analysts anticipate that Infosys Limited will post 0.74 EPS for the current year.

Analysts Set New Price Targets

INFY has been the topic of a number of research reports. StockNews.com downgraded shares of Infosys from a "buy" rating to a "hold" rating in a research report on Wednesday. Guggenheim reissued a "neutral" rating on shares of Infosys in a research report on Friday, January 17th. Susquehanna raised Infosys from a "negative" rating to a "neutral" rating and set a $17.00 target price for the company in a research report on Monday, April 14th. The Goldman Sachs Group lowered Infosys from a "buy" rating to a "neutral" rating and set a $17.90 price target on the stock. in a report on Monday. Finally, Investec upgraded Infosys from a "sell" rating to a "buy" rating in a report on Friday. Seven research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $17.48.

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.

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