Migdal Insurance & Financial Holdings Ltd. Has $3.19 Million Position in Infosys Limited (NYSE:INFY)

Migdal Insurance & Financial Holdings Ltd. trimmed its position in Infosys Limited (NYSE:INFY - Free Report) by 27.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 144,779 shares of the technology company's stock after selling 55,000 shares during the quarter. Migdal Insurance & Financial Holdings Ltd.'s holdings in Infosys were worth $3,189,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the company. Mizuho Securities Co. Ltd. bought a new position in shares of Infosys during the 3rd quarter worth about $33,000. Brooklyn Investment Group acquired a new stake in shares of Infosys in the fourth quarter valued at $52,000. Wilmington Savings Fund Society FSB bought a new position in shares of Infosys in the third quarter valued at about $57,000. Whittier Trust Co. of Nevada Inc. lifted its position in Infosys by 25.3% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 3,795 shares of the technology company's stock worth $85,000 after buying an additional 766 shares in the last quarter. Finally, GAMMA Investing LLC grew its holdings in Infosys by 34.3% during the 3rd quarter. GAMMA Investing LLC now owns 3,936 shares of the technology company's stock worth $88,000 after acquiring an additional 1,005 shares during the last quarter. 16.20% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently commented on INFY. HSBC raised shares of Infosys from a "hold" rating to a "buy" rating in a research note on Monday, December 9th. StockNews.com raised Infosys from a "hold" rating to a "buy" rating in a research note on Wednesday, January 22nd. Guggenheim restated a "neutral" rating on shares of Infosys in a report on Friday, January 17th. BMO Capital Markets boosted their price objective on shares of Infosys from $23.00 to $25.00 and gave the company a "market perform" rating in a research report on Friday, October 18th. Finally, Hsbc Global Res raised shares of Infosys from a "hold" rating to a "strong-buy" rating in a research report on Monday, December 9th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $20.22.

Infosys Trading Up 0.1 %

Shares of INFY traded up $0.02 during mid-day trading on Monday, reaching $21.85. The company's stock had a trading volume of 5,979,815 shares, compared to its average volume of 9,815,574. Infosys Limited has a 1-year low of $16.04 and a 1-year high of $23.63. The business has a 50-day simple moving average of $22.40 and a two-hundred day simple moving average of $22.34. The stock has a market cap of $90.48 billion, a P/E ratio of 27.65, a PEG ratio of 3.64 and a beta of 1.00.

Infosys (NYSE:INFY - Get Free Report) last announced 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 in the prior year, the business posted $0.18 earnings per share. Research analysts anticipate that Infosys Limited will post 0.74 EPS for the current year.

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.