Infosys Limited (NYSE:INFY) Stock Position Lessened by E. Ohman J or Asset Management AB

E. Ohman J or Asset Management AB trimmed its position in shares of Infosys Limited (NYSE:INFY - Free Report) by 15.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 251,000 shares of the technology company's stock after selling 46,200 shares during the period. E. Ohman J or Asset Management AB's holdings in Infosys were worth $5,502,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Mizuho Securities Co. Ltd. acquired a new stake in Infosys during the third quarter worth about $33,000. Brooklyn Investment Group acquired a new stake in Infosys during the 4th quarter worth approximately $52,000. Wilmington Savings Fund Society FSB purchased a new position in Infosys in the third quarter valued at approximately $57,000. Whittier Trust Co. of Nevada Inc. lifted its position in 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 buying an additional 766 shares in the last quarter. Finally, GAMMA Investing LLC grew its stake in Infosys by 34.3% during the third quarter. GAMMA Investing LLC now owns 3,936 shares of the technology company's stock worth $88,000 after buying an additional 1,005 shares during the period. 16.20% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts recently issued reports on INFY shares. HSBC upgraded 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. BMO Capital Markets upped their price target on Infosys from $23.00 to $25.00 and gave the stock a "market perform" rating in a report on Friday, October 18th. StockNews.com upgraded shares of Infosys from a "hold" rating to a "buy" rating in a research note on Wednesday, January 22nd. Finally, Guggenheim restated a "neutral" rating on shares of Infosys in a research note on Friday, January 17th. Two investment 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 company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $20.22.

Infosys Trading Down 1.8 %

Infosys stock traded down $0.40 during midday trading on Friday, hitting $21.85. The stock had a trading volume of 8,848,114 shares, compared to its average volume of 9,920,793. The business has a fifty day moving average price of $22.41 and a 200 day moving average price of $22.33. Infosys Limited has a 12 month low of $16.04 and a 12 month high of $23.63. The stock has a market cap of $90.48 billion, a P/E ratio of 27.65, a P/E/G ratio of 3.60 and a beta of 1.00.

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, 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 last year, the company posted $0.18 EPS. On average, equities analysts anticipate that Infosys Limited will post 0.74 EPS for the current fiscal year.

Infosys Company 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.