Infosys Limited (NYSE:INFY) Shares Sold by Oaktree Capital Management LP

Oaktree Capital Management LP reduced its stake in shares of Infosys Limited (NYSE:INFY - Free Report) by 2.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,677,679 shares of the technology company's stock after selling 33,833 shares during the quarter. Oaktree Capital Management LP's holdings in Infosys were worth $36,775,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Sierra Ocean LLC purchased a new position in shares of Infosys in the 4th quarter valued at about $29,000. Brooklyn Investment Group acquired a new stake in shares of Infosys in the 4th quarter worth approximately $52,000. Wilmington Savings Fund Society FSB purchased a new position in Infosys in the 3rd quarter valued at approximately $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 valued at $68,000 after purchasing an additional 1,279 shares during the last quarter. Finally, GAMMA Investing LLC raised its position in Infosys by 14.2% during the fourth quarter. GAMMA Investing LLC now owns 4,496 shares of the technology company's stock worth $99,000 after acquiring an additional 560 shares during the last quarter. Hedge funds and other institutional investors own 16.20% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. CLSA raised shares of Infosys from a "hold" rating to an "outperform" rating in a research note on Friday, March 7th. Hsbc Global Res raised shares of Infosys from a "hold" rating to a "strong-buy" rating in a research note on Monday, December 9th. StockNews.com lowered Infosys from a "buy" rating to a "hold" rating in a research report on Thursday, March 20th. HSBC upgraded Infosys from a "hold" rating to a "buy" rating in a report on Monday, December 9th. Finally, Guggenheim restated a "neutral" rating on shares of Infosys in a report on Friday, January 17th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $19.70.

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Infosys Trading Down 5.2 %

NYSE:INFY traded down $0.95 on Thursday, reaching $17.44. The stock had a trading volume of 9,180,160 shares, compared to its average volume of 9,437,556. The stock has a market cap of $72.24 billion, a P/E ratio of 22.08, a price-to-earnings-growth ratio of 3.50 and a beta of 1.01. Infosys Limited has a 12-month low of $16.04 and a 12-month high of $23.63. The company has a 50-day moving average of $20.27 and a 200 day moving average of $21.65.

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 for the quarter, meeting 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 period in the prior year, the business posted $0.18 earnings per share. On average, equities analysts predict that Infosys Limited will post 0.74 EPS for the current year.

Infosys Company 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.