Rhumbline Advisers Sells 45,950 Shares of Infosys Limited (NYSE:INFY)

Rhumbline Advisers cut its holdings in Infosys Limited (NYSE:INFY) by 6.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 715,723 shares of the technology company’s stock after selling 45,950 shares during the period. Rhumbline Advisers’ holdings in Infosys were worth $15,689,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Robeco Institutional Asset Management B.V. boosted its stake in Infosys by 6.2% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 25,841,022 shares of the technology company’s stock worth $566,435,000 after acquiring an additional 1,501,039 shares in the last quarter. Fisher Asset Management LLC raised its holdings in shares of Infosys by 9.7% during the third quarter. Fisher Asset Management LLC now owns 14,415,018 shares of the technology company’s stock valued at $321,022,000 after purchasing an additional 1,271,890 shares during the period. Franklin Resources Inc. boosted its position in shares of Infosys by 2.9% during the 3rd quarter. Franklin Resources Inc. now owns 11,272,051 shares of the technology company’s stock worth $263,315,000 after purchasing an additional 322,648 shares in the last quarter. BNP Paribas Financial Markets grew its stake in shares of Infosys by 5.1% in the 3rd quarter. BNP Paribas Financial Markets now owns 6,072,537 shares of the technology company’s stock valued at $135,235,000 after buying an additional 297,183 shares during the period. Finally, Daiwa Securities Group Inc. increased its position in Infosys by 11.8% in the 3rd quarter. Daiwa Securities Group Inc. now owns 5,852,900 shares of the technology company’s stock valued at $130,344,000 after buying an additional 618,400 shares in the last quarter. 16.20% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on INFY shares. Guggenheim reiterated a “neutral” rating on shares of Infosys in a report on Friday, January 17th. Hsbc Global Res upgraded Infosys from a “hold” rating to a “strong-buy” rating in a 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. Finally, StockNews.com upgraded shares of Infosys from a “hold” rating to a “buy” rating in a report on Wednesday, January 22nd. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Infosys has a consensus rating of “Hold” and an average target price of $20.22.

Infosys Trading Down 0.9 %

NYSE INFY opened at $21.17 on Friday. The business has a fifty day simple moving average of $22.13 and a 200 day simple moving average of $22.29. Infosys Limited has a 12 month low of $16.04 and a 12 month high of $23.63. The firm has a market capitalization of $87.67 billion, a P/E ratio of 26.79, a PEG ratio of 3.48 and a beta of 1.00.

Infosys (NYSE:INFY) last announced its earnings results on Thursday, January 16th. The technology company reported $0.19 EPS 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 period in the prior year, the company earned $0.18 earnings per share. As a group, sell-side analysts predict that Infosys Limited will post 0.74 EPS for the current fiscal 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.