Capital Fund Management S.A. Sells 503,561 Shares of Infosys Limited (NYSE:INFY)

Capital Fund Management S.A. lowered its stake in Infosys Limited (NYSE:INFY - Free Report) by 67.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 242,528 shares of the technology company's stock after selling 503,561 shares during the period. Capital Fund Management S.A.'s holdings in Infosys were worth $5,316,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of INFY. Orion Portfolio Solutions LLC grew its holdings in Infosys by 6.4% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 29,148 shares of the technology company's stock worth $649,000 after acquiring an additional 1,741 shares during the last quarter. MML Investors Services LLC raised its holdings in Infosys by 27.6% in the third quarter. MML Investors Services LLC now owns 19,685 shares of the technology company's stock worth $438,000 after purchasing an additional 4,261 shares in the last quarter. Barclays PLC lifted its position in Infosys by 11.8% during the 3rd quarter. Barclays PLC now owns 2,523,605 shares of the technology company's stock valued at $56,200,000 after acquiring an additional 266,902 shares during the period. M&T Bank Corp boosted its position in shares of Infosys by 247.3% in the 3rd quarter. M&T Bank Corp now owns 94,907 shares of the technology company's stock worth $2,114,000 after purchasing an additional 67,580 shares in the last quarter. Finally, Tudor Financial Inc. purchased a new position in shares of Infosys in the 3rd quarter worth about $496,000. Institutional investors own 16.20% of the company's stock.

Infosys Stock Down 2.7 %

Shares of Infosys stock traded down $0.44 during trading hours on Friday, reaching $16.14. 20,714,101 shares of the stock traded hands, compared to its average volume of 9,663,744. Infosys Limited has a one year low of $15.82 and a one year high of $23.63. The firm has a market capitalization of $66.84 billion, a price-to-earnings ratio of 20.43, a P/E/G ratio of 3.50 and a beta of 0.97. The company has a 50 day moving average price of $18.85 and a 200 day moving average price of $21.10.

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 (EPS) for the quarter, beating analysts' consensus estimates of $0.19 by $0.01. Infosys had a net margin of 17.28% and a return on equity of 31.60%. The firm had revenue of $4.79 billion during the quarter, compared to the consensus estimate of $420.69 billion. During the same quarter in the previous year, the firm posted $0.23 EPS. Sell-side analysts anticipate that Infosys Limited will post 0.74 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages have issued reports on INFY. Stifel Nicolaus decreased their target price on shares of Infosys from $22.00 to $18.00 and set a "hold" rating for the company in a report on Tuesday. StockNews.com cut Infosys from a "buy" rating to a "hold" rating in a research report on Tuesday. Investec upgraded Infosys from a "sell" rating to a "buy" rating in a research note on Friday. CLSA upgraded Infosys from a "hold" rating to an "outperform" rating in a report on Friday, March 7th. Finally, Susquehanna upgraded shares of Infosys from a "negative" rating to a "neutral" rating and set a $17.00 target price on the stock in a research note on Monday, April 14th. Six research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $20.03.

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.