Federated Hermes Inc. Has $7.64 Million Position in Infosys Limited (NYSE:INFY)

Federated Hermes Inc. cut its holdings in shares of Infosys Limited (NYSE:INFY - Free Report) by 8.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 348,570 shares of the technology company's stock after selling 30,363 shares during the period. Federated Hermes Inc.'s holdings in Infosys were worth $7,641,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in INFY. SG Americas Securities LLC acquired a new stake in shares of Infosys in the fourth quarter worth $311,000. Jones Financial Companies Lllp increased its holdings in shares of Infosys by 15.9% in the 4th quarter. Jones Financial Companies Lllp now owns 7,520 shares of the technology company's stock valued at $165,000 after purchasing an additional 1,030 shares during the period. Haven Global Partners LLC purchased a new stake in shares of Infosys in the fourth quarter worth approximately $4,078,000. Barclays PLC grew its position in Infosys by 11.8% during the third quarter. Barclays PLC now owns 2,523,605 shares of the technology company's stock valued at $56,200,000 after purchasing an additional 266,902 shares in the last quarter. Finally, Farther Finance Advisors LLC lifted its position in Infosys by 69.7% in the 4th quarter. Farther Finance Advisors LLC now owns 3,115 shares of the technology company's stock worth $68,000 after buying an additional 1,279 shares in the last quarter. 16.20% of the stock is currently owned by institutional investors.

Infosys Trading Down 1.4 %

INFY traded down $0.24 during midday trading on Wednesday, reaching $16.80. The company's stock had a trading volume of 5,641,358 shares, compared to its average volume of 9,691,115. Infosys Limited has a twelve month low of $16.04 and a twelve month high of $23.63. The stock has a market cap of $69.57 billion, a P/E ratio of 21.26, a PEG ratio of 3.50 and a beta of 0.97. The company has a fifty day simple moving average of $19.19 and a 200 day simple moving average of $21.22.

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

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on INFY. Stifel Nicolaus cut their price objective on 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 note on Tuesday. Guggenheim reissued a "neutral" rating on shares of Infosys in a research report on Friday, January 17th. Susquehanna upgraded shares of Infosys from a "negative" rating to a "neutral" rating and set a $17.00 price target on the stock in a report on Monday. Finally, CLSA raised shares of Infosys from a "hold" rating to an "outperform" rating in a research report on Friday, March 7th. One analyst has rated the stock with a sell rating, six have issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price 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.