Infosys Limited (NYSE:INFY) Stake Lessened by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. decreased its holdings in shares of Infosys Limited (NYSE:INFY - Free Report) by 4.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 640,781 shares of the technology company's stock after selling 30,126 shares during the period. Nomura Asset Management Co. Ltd.'s holdings in Infosys were worth $14,046,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Sierra Ocean LLC bought a new stake in Infosys in the fourth quarter valued at $29,000. Brooklyn Investment Group bought a new stake in Infosys in the 4th quarter valued at about $52,000. Wilmington Savings Fund Society FSB acquired a new position in Infosys during the 3rd quarter valued at about $57,000. Farther Finance Advisors LLC grew its position 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 during the last quarter. Finally, GAMMA Investing LLC increased its stake in shares of 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 during the period. Institutional investors own 16.20% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on INFY shares. StockNews.com downgraded Infosys from a "buy" rating to a "hold" rating in a research report on Thursday, March 20th. HSBC raised shares of Infosys from a "hold" rating to a "buy" rating in a report on Monday, December 9th. Hsbc Global Res upgraded shares of Infosys from a "hold" rating to a "strong-buy" rating in a research note on Monday, December 9th. Guggenheim restated a "neutral" rating on shares of Infosys in a research report on Friday, January 17th. Finally, CLSA raised Infosys from a "hold" rating to an "outperform" rating in a research note 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 given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $19.70.

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Infosys Price Performance

Shares of NYSE:INFY traded down $0.78 on Friday, reaching $16.58. 19,389,026 shares of the company traded hands, compared to its average volume of 9,494,462. The stock has a market capitalization of $68.66 billion, a PE ratio of 20.98, a P/E/G ratio of 3.50 and a beta of 1.01. The company's 50 day moving average is $20.08 and its 200-day moving average is $21.58. Infosys Limited has a fifty-two week low of $16.04 and a fifty-two week high of $23.63.

Infosys (NYSE:INFY - Get Free Report) last announced its 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 return on equity of 31.60% and a net margin of 17.28%. During the same quarter in the prior year, the business earned $0.18 earnings per share. As a group, analysts expect 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.