Oppenheimer Asset Management Inc. Sells 12,939 Shares of Infosys Limited (NYSE:INFY)

Oppenheimer Asset Management Inc. lowered its position in shares of Infosys Limited (NYSE:INFY - Free Report) by 3.3% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 382,233 shares of the technology company's stock after selling 12,939 shares during the period. Oppenheimer Asset Management Inc.'s holdings in Infosys were worth $8,379,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the company. Sierra Ocean LLC bought a new position in Infosys in the 4th quarter worth about $29,000. Mizuho Securities Co. Ltd. bought a new stake in Infosys during the 3rd quarter valued at $33,000. Brooklyn Investment Group acquired a new position in Infosys during the 4th quarter worth $52,000. Wilmington Savings Fund Society FSB bought a new position in shares of Infosys in the third quarter worth $57,000. Finally, GAMMA Investing LLC increased its holdings in shares of Infosys by 14.2% during 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 and hedge funds own 16.20% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. StockNews.com raised shares of 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 research report on Friday, January 17th. HSBC upgraded Infosys from a "hold" rating to a "buy" rating in a research report on Monday, December 9th. Finally, Hsbc Global Res raised Infosys from a "hold" rating to a "strong-buy" rating in a research note on Monday, December 9th. Two analysts have rated the stock with a sell rating, three have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Infosys has an average rating of "Hold" and a consensus price target of $20.22.

Infosys Stock Down 1.4 %

Shares of Infosys stock traded down $0.29 during midday trading on Monday, hitting $19.81. The company's stock had a trading volume of 9,883,293 shares, compared to its average volume of 10,138,769. The firm has a market capitalization of $82.05 billion, a P/E ratio of 25.08, a PEG ratio of 3.50 and a beta of 1.00. Infosys Limited has a 1-year low of $16.04 and a 1-year high of $23.63. The stock has a 50-day simple moving average of $21.88 and a 200-day simple moving average of $22.28.

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