Sustainable Growth Advisers LP Sells 525,263 Shares of Infosys Limited (NYSE:INFY)

Sustainable Growth Advisers LP trimmed its holdings in Infosys Limited (NYSE:INFY - Free Report) by 5.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,906,879 shares of the technology company's stock after selling 525,263 shares during the period. Sustainable Growth Advisers LP owned about 0.24% of Infosys worth $217,159,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Madison Investment Advisors LLC purchased a new position in Infosys in the 4th quarter worth approximately $3,080,000. Bennbridge Ltd bought a new position in shares of Infosys during the fourth quarter worth $2,334,000. Erste Asset Management GmbH grew its stake in Infosys by 6.9% during the fourth quarter. Erste Asset Management GmbH now owns 513,000 shares of the technology company's stock valued at $11,532,000 after acquiring an additional 33,000 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its holdings in Infosys by 36.5% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,983,837 shares of the technology company's stock valued at $65,406,000 after acquiring an additional 797,152 shares during the last quarter. Finally, Farther Finance Advisors LLC lifted its stake 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 purchasing an additional 1,279 shares in the last quarter. Institutional investors own 16.20% of the company's stock.

Infosys Stock Performance

NYSE INFY traded down $0.13 during trading on Tuesday, hitting $18.45. The stock had a trading volume of 13,069,900 shares, compared to its average volume of 9,353,992. Infosys Limited has a one year low of $16.04 and a one year high of $23.81. The stock has a 50 day simple moving average of $21.16 and a 200 day simple moving average of $22.03. The stock has a market capitalization of $76.40 billion, a price-to-earnings ratio of 23.35, a P/E/G ratio of 3.50 and a beta of 1.01.

Remove Ads

Infosys (NYSE:INFY - Get Free Report) last issued its quarterly earnings results on Thursday, January 16th. The technology company reported $0.19 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates 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 earnings per share. On average, sell-side analysts predict that Infosys Limited will post 0.74 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms recently commented on INFY. Hsbc Global Res upgraded Infosys from a "hold" rating to a "strong-buy" rating in a research report on Monday, December 9th. CLSA raised shares of Infosys from a "hold" rating to an "outperform" rating in a report on Friday, March 7th. HSBC upgraded shares of Infosys from a "hold" rating to a "buy" rating in a research report on Monday, December 9th. Guggenheim restated a "neutral" rating on shares of Infosys in a research report on Friday, January 17th. Finally, StockNews.com cut Infosys from a "buy" rating to a "hold" rating in a research note on Monday, March 10th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $19.78.

About Infosys

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.