Mondrian Investment Partners LTD Sells 3,670,874 Shares of Infosys Limited (NYSE:INFY)

Mondrian Investment Partners LTD lessened its position in shares of Infosys Limited (NYSE:INFY - Free Report) by 96.6% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 129,158 shares of the technology company's stock after selling 3,670,874 shares during the period. Mondrian Investment Partners LTD's holdings in Infosys were worth $2,835,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Sierra Ocean LLC acquired a new position in Infosys in the fourth quarter valued at approximately $29,000. Brooklyn Investment Group acquired a new position in shares of Infosys during the 4th quarter valued at $52,000. Wilmington Savings Fund Society FSB bought a new position in Infosys during the third quarter worth $57,000. Farther Finance Advisors LLC grew its holdings in Infosys by 69.7% in the fourth 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 during the period. Finally, GAMMA Investing LLC increased its stake in Infosys by 14.2% in the fourth quarter. GAMMA Investing LLC now owns 4,496 shares of the technology company's stock valued at $99,000 after purchasing an additional 560 shares in the last quarter. Institutional investors own 16.20% of the company's stock.

Wall Street Analyst Weigh In

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

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Infosys Stock Performance

INFY traded down $0.13 during mid-day trading on Tuesday, reaching $18.45. 13,069,900 shares of the stock were exchanged, compared to its average volume of 9,353,992. The company has a 50 day moving average price of $21.16 and a two-hundred day moving average price of $22.03. Infosys Limited has a 1 year low of $16.04 and a 1 year high of $23.81. The stock has a market capitalization of $76.40 billion, a PE ratio of 23.35, a price-to-earnings-growth ratio of 3.50 and a beta of 1.01.

Infosys (NYSE:INFY - Get Free Report) last posted its quarterly earnings data 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 last year, the business posted $0.18 earnings per share. Sell-side analysts expect that Infosys Limited will post 0.74 EPS for the current fiscal 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.