Infosys Limited (NYSE:INFY) Shares Sold by Birch Capital Management LLC

Birch Capital Management LLC trimmed its position in shares of Infosys Limited (NYSE:INFY) by 5.4% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 257,218 shares of the technology company’s stock after selling 14,756 shares during the period. Infosys accounts for approximately 2.8% of Birch Capital Management LLC’s holdings, making the stock its 11th biggest position. Birch Capital Management LLC’s holdings in Infosys were worth $5,638,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in INFY. Mercer Global Advisors Inc. ADV increased its position in shares of Infosys by 2.9% in the second quarter. Mercer Global Advisors Inc. ADV now owns 17,632 shares of the technology company’s stock worth $328,000 after acquiring an additional 505 shares in the last quarter. Canopy Partners LLC increased its position in Infosys by 3.1% during the third quarter. Canopy Partners LLC now owns 17,129 shares of the technology company’s stock worth $381,000 after buying an additional 522 shares during the last quarter. Outlook Wealth Advisors LLC lifted its holdings in Infosys by 3.0% in the 3rd quarter. Outlook Wealth Advisors LLC now owns 17,897 shares of the technology company’s stock worth $399,000 after purchasing an additional 526 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of Infosys by 14.2% during the 4th quarter. GAMMA Investing LLC now owns 4,496 shares of the technology company’s stock worth $99,000 after buying an additional 560 shares during the period. Finally, D Orazio & Associates Inc. grew its position in shares of Infosys by 4.1% in the second quarter. D Orazio & Associates Inc. now owns 14,724 shares of the technology company’s stock valued at $274,000 after purchasing an additional 584 shares during the last quarter. Institutional investors own 16.20% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Hsbc Global Res raised Infosys from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 9th. HSBC upgraded shares of Infosys from a “hold” rating to a “buy” rating in a research note on Monday, December 9th. Erste Group Bank raised shares of Infosys from a “hold” rating to a “buy” rating in a report on Wednesday, September 11th. Investec cut Infosys from a “hold” rating to a “sell” rating in a report on Thursday, October 3rd. Finally, StockNews.com lowered shares of Infosys from a “buy” rating to a “hold” rating in a report on Friday. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $20.85.

Infosys Stock Performance

Shares of Infosys stock traded down $0.07 during midday trading on Tuesday, hitting $22.68. 3,306,393 shares of the company traded hands, compared to its average volume of 4,612,938. The firm’s fifty day moving average price is $22.31 and its 200-day moving average price is $21.96. Infosys Limited has a 12 month low of $16.04 and a 12 month high of $23.63. The stock has a market cap of $93.94 billion, a price-to-earnings ratio of 29.08, a PEG ratio of 3.77 and a beta of 1.00.

Infosys (NYSE:INFY) last posted its quarterly earnings data on Thursday, October 17th. The technology company reported $0.19 EPS for the quarter, meeting analysts’ consensus estimates of $0.19. The company had revenue of $4.89 billion for the quarter, compared to analyst estimates of $4.89 billion. Infosys had a net margin of 17.15% and a return on equity of 31.43%. During the same period in the prior year, the firm posted $0.18 EPS. Equities research analysts forecast that Infosys Limited will post 0.75 earnings per share for the current year.

Infosys Increases Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Tuesday, October 29th. Stockholders of record on Friday, January 1st were paid a $0.2126 dividend. The ex-dividend date was Tuesday, October 29th. This is an increase from Infosys’s previous semi-annual dividend of $0.20. This represents a dividend yield of 1.1%. Infosys’s dividend payout ratio is 53.85%.

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.