Trexquant Investment LP Sells 125,915 Shares of Infosys Limited (NYSE:INFY)

Trexquant Investment LP lessened its stake in shares of Infosys Limited (NYSE:INFY - Free Report) by 24.6% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 386,477 shares of the technology company's stock after selling 125,915 shares during the period. Trexquant Investment LP's holdings in Infosys were worth $8,472,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of INFY. Robeco Institutional Asset Management B.V. raised its stake in shares of Infosys by 6.2% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 25,841,022 shares of the technology company's stock worth $566,435,000 after purchasing an additional 1,501,039 shares in the last quarter. Fisher Asset Management LLC lifted its stake in Infosys by 0.7% in the fourth quarter. Fisher Asset Management LLC now owns 14,517,359 shares of the technology company's stock valued at $318,221,000 after acquiring an additional 102,341 shares during the last quarter. Franklin Resources Inc. grew its position in shares of Infosys by 2.0% in the 4th quarter. Franklin Resources Inc. now owns 11,501,533 shares of the technology company's stock valued at $252,114,000 after acquiring an additional 229,482 shares during the period. Arrowstreet Capital Limited Partnership increased its stake in shares of Infosys by 118.8% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 7,912,259 shares of the technology company's stock worth $173,437,000 after purchasing an additional 4,296,291 shares during the last quarter. Finally, American Century Companies Inc. raised its holdings in shares of Infosys by 31.3% in the 4th quarter. American Century Companies Inc. now owns 4,603,993 shares of the technology company's stock valued at $100,920,000 after purchasing an additional 1,097,105 shares during the period. 16.20% of the stock is owned by institutional investors and hedge funds.

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Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Guggenheim reiterated a "neutral" rating on shares of Infosys in a report on Friday, January 17th. CLSA upgraded Infosys from a "hold" rating to an "outperform" rating in a research note on Friday, March 7th. Finally, StockNews.com upgraded Infosys from a "hold" rating to a "buy" rating in a research note on Monday. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $19.70.

Infosys Price Performance

INFY traded up $1.30 during trading on Wednesday, hitting $17.72. The stock had a trading volume of 20,796,100 shares, compared to its average volume of 9,608,507. The company has a 50 day moving average price of $19.61 and a 200-day moving average price of $21.38. Infosys Limited has a one year low of $16.04 and a one year high of $23.63. The firm has a market cap of $73.38 billion, a price-to-earnings ratio of 22.43, a P/E/G ratio of 3.50 and a beta of 0.97.

Infosys (NYSE:INFY - Get Free Report) last released its quarterly earnings results on Thursday, January 16th. The technology company reported $0.19 EPS for the quarter, meeting 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 in the prior year, the firm earned $0.18 EPS. As a group, sell-side analysts predict that Infosys Limited will post 0.74 EPS for the current fiscal year.

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.