Infosys Limited (NYSE:INFY) Stock Position Decreased by Schroder Investment Management Group

Schroder Investment Management Group lessened its stake in shares of Infosys Limited (NYSE:INFY - Free Report) by 17.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,597,439 shares of the technology company's stock after selling 771,839 shares during the quarter. Schroder Investment Management Group owned about 0.09% of Infosys worth $79,503,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in INFY. Sierra Ocean LLC purchased a new stake in Infosys during the fourth quarter valued at $29,000. Brooklyn Investment Group bought a new stake in Infosys in the 4th quarter valued at $52,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Infosys in the third quarter worth about $57,000. Farther Finance Advisors LLC raised its holdings in shares of Infosys by 69.7% during the 4th quarter. Farther Finance Advisors LLC now owns 3,115 shares of the technology company's stock worth $68,000 after acquiring an additional 1,279 shares in the last quarter. Finally, GAMMA Investing LLC lifted 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 valued at $99,000 after purchasing an additional 560 shares during the last quarter. 16.20% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on INFY. CLSA upgraded Infosys from a "hold" rating to an "outperform" rating in a report on Friday, March 7th. Hsbc Global Res upgraded Infosys from a "hold" rating to a "strong-buy" rating in a 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. Guggenheim reiterated a "neutral" rating on shares of Infosys in a research note on Friday, January 17th. Finally, StockNews.com cut shares of Infosys from a "buy" rating to a "hold" rating in a report on Thursday, March 20th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $19.70.

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Infosys Trading Down 4.5 %

Shares of INFY stock traded down $0.78 during mid-day trading on Friday, reaching $16.58. The stock had a trading volume of 19,389,026 shares, compared to its average volume of 9,494,462. The business has a 50-day simple moving average of $20.08 and a 200 day simple moving average of $21.58. The company has a market cap of $68.66 billion, a P/E ratio of 20.98, 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.

Infosys (NYSE:INFY - Get Free Report) last released its quarterly earnings data on Thursday, January 16th. The technology company reported $0.19 earnings per share (EPS) for the quarter, hitting 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 company earned $0.18 earnings per share. Research analysts anticipate 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.