Blue Trust Inc. Sells 15,525 Shares of Infosys Limited (NYSE:INFY)

Blue Trust Inc. decreased its stake in shares of Infosys Limited (NYSE:INFY - Free Report) by 32.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 31,660 shares of the technology company's stock after selling 15,525 shares during the quarter. Blue Trust Inc.'s holdings in Infosys were worth $694,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the stock. Mizuho Securities Co. Ltd. purchased a new position in Infosys in the 3rd quarter worth approximately $33,000. Brooklyn Investment Group purchased a new position in shares of Infosys in the fourth quarter worth $52,000. Wilmington Savings Fund Society FSB bought a new position in shares of Infosys during the third quarter valued at $57,000. Whittier Trust Co. of Nevada Inc. lifted its holdings in shares of Infosys by 25.3% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 3,795 shares of the technology company's stock valued at $85,000 after purchasing an additional 766 shares in the last quarter. Finally, GAMMA Investing LLC boosted its position in shares of Infosys by 14.2% during the fourth quarter. GAMMA Investing LLC now owns 4,496 shares of the technology company's stock valued at $99,000 after buying an additional 560 shares during the last quarter. 16.20% of the stock is owned by institutional investors.

Infosys Stock Performance

Shares of Infosys stock traded up $0.14 on Thursday, hitting $21.35. 10,776,604 shares of the company's stock were exchanged, compared to its average volume of 9,798,315. Infosys Limited has a 1 year low of $16.04 and a 1 year high of $23.63. The company has a 50-day simple moving average of $22.22 and a 200-day simple moving average of $22.30. The stock has a market capitalization of $88.41 billion, a PE ratio of 27.02, a PEG ratio of 3.51 and a beta of 1.00.

Infosys (NYSE:INFY - Get Free Report) last released its earnings results on Thursday, January 16th. The technology company reported $0.19 earnings per share for the quarter, meeting 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 prior year, the firm earned $0.18 EPS. On average, analysts expect that Infosys Limited will post 0.74 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have issued reports on INFY shares. Guggenheim restated a "neutral" rating on shares of Infosys in a research note on Friday, January 17th. StockNews.com upgraded shares of Infosys from a "hold" rating to a "buy" rating in a research report on Wednesday, January 22nd. HSBC raised shares of Infosys from a "hold" rating to a "buy" rating in a research report on Monday, December 9th. Finally, Hsbc Global Res raised Infosys from a "hold" rating to a "strong-buy" rating in a report on Monday, December 9th. Two analysts have rated the stock with a sell rating, three have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus 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.