Cwm LLC Lowers Stock Holdings in Infosys Limited (NYSE:INFY)

Cwm LLC trimmed its position in Infosys Limited (NYSE:INFY) by 0.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 389,384 shares of the technology company’s stock after selling 2,085 shares during the quarter. Cwm LLC’s holdings in Infosys were worth $7,157,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of INFY. Cable Hill Partners LLC raised its stake in Infosys by 14.0% in the fourth quarter. Cable Hill Partners LLC now owns 19,118 shares of the technology company’s stock valued at $349,000 after purchasing an additional 2,343 shares in the last quarter. Signaturefd LLC raised its stake in Infosys by 3.1% in the fourth quarter. Signaturefd LLC now owns 85,551 shares of the technology company’s stock valued at $1,572,000 after purchasing an additional 2,583 shares in the last quarter. Knights of Columbus Asset Advisors LLC raised its stake in Infosys by 10.0% in the fourth quarter. Knights of Columbus Asset Advisors LLC now owns 24,306 shares of the technology company’s stock valued at $447,000 after purchasing an additional 2,206 shares in the last quarter. Euro Pacific Asset Management LLC grew its position in Infosys by 14.8% during the fourth quarter. Euro Pacific Asset Management LLC now owns 39,527 shares of the technology company’s stock valued at $730,000 after acquiring an additional 5,109 shares during the last quarter. Finally, Daiwa Securities Group Inc. grew its position in Infosys by 33.8% during the fourth quarter. Daiwa Securities Group Inc. now owns 2,036,200 shares of the technology company’s stock valued at $37,426,000 after acquiring an additional 513,900 shares during the last quarter. 10.89% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have commented on INFY shares. Bank of America upgraded shares of Infosys from a “neutral” rating to a “buy” rating in a research report on Tuesday, April 9th. HSBC reiterated a “hold” rating and set a $20.10 price target on shares of Infosys in a research report on Friday. JPMorgan Chase & Co. upgraded shares of Infosys from a “neutral” rating to an “overweight” rating in a research report on Wednesday, January 3rd. BMO Capital Markets reduced their price target on shares of Infosys from $21.00 to $18.00 and set a “market perform” rating on the stock in a research report on Friday. Finally, UBS Group upgraded shares of Infosys from a “neutral” rating to a “buy” rating in a research report on Wednesday, January 3rd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $19.27.

Infosys Stock Performance

Shares of NYSE:INFY opened at $17.30 on Tuesday. Infosys Limited has a fifty-two week low of $14.71 and a fifty-two week high of $20.74. The business has a 50-day simple moving average of $18.74 and a two-hundred day simple moving average of $18.35. The firm has a market cap of $71.61 billion, a price-to-earnings ratio of 22.76, a price-to-earnings-growth ratio of 2.21 and a beta of 0.93.

Infosys (NYSE:INFY) last issued its earnings results on Thursday, April 18th. The technology company reported $0.23 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.06. The business had revenue of $4.56 billion during the quarter, compared to analyst estimates of $4.49 billion. Infosys had a return on equity of 32.33% and a net margin of 17.06%. During the same quarter in the previous year, the firm earned $0.18 EPS. As a group, research analysts predict that Infosys Limited will post 0.76 earnings per share for the current year.

Infosys Company Profile

Infosys Limited, together with its subsidiaries, provides consulting, technology, outsourcing, and next-generation digital services in North America, Europe, India, and internationally. It provides application management and application development services, independent validation solutions, product engineering and management, infrastructure management services, traditional enterprise application implementation, support, and integration services.