Infosys Limited (NYSE:INFY) Shares Sold by Euro Pacific Asset Management LLC

Euro Pacific Asset Management LLC lowered its stake in shares of Infosys Limited (NYSE:INFY) by 2.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 65,889 shares of the technology company’s stock after selling 1,437 shares during the quarter. Euro Pacific Asset Management LLC’s holdings in Infosys were worth $1,452,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Mizuho Securities Co. Ltd. bought a new position in shares of Infosys during the third quarter worth about $33,000. Brooklyn Investment Group acquired a new position in Infosys during the 4th quarter valued at about $52,000. Wilmington Savings Fund Society FSB bought a new position in Infosys in the 3rd quarter worth about $57,000. Whittier Trust Co. of Nevada Inc. raised its holdings in shares of Infosys by 25.3% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 3,795 shares of the technology company’s stock valued at $85,000 after buying an additional 766 shares during the last quarter. Finally, GAMMA Investing LLC boosted its position in shares of Infosys by 34.3% during the third quarter. GAMMA Investing LLC now owns 3,936 shares of the technology company’s stock worth $88,000 after buying an additional 1,005 shares during the period. 16.20% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. StockNews.com raised Infosys from a “hold” rating to a “buy” rating in a research note on Wednesday. Guggenheim reaffirmed a “neutral” rating on shares of Infosys in a report on Friday, January 17th. Hsbc Global Res raised shares of Infosys from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 9th. Investec lowered shares of Infosys from a “hold” rating to a “sell” rating in a research note on Thursday, October 3rd. Finally, BMO Capital Markets raised their price objective on shares of Infosys from $23.00 to $25.00 and gave the company a “market perform” rating in a research note on Friday, October 18th. Two research analysts have rated the stock with a sell rating, three have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Infosys currently has a consensus rating of “Hold” and a consensus target price of $20.22.

Infosys Stock Performance

Infosys stock opened at $21.70 on Friday. Infosys Limited has a 1 year low of $16.04 and a 1 year high of $23.63. The firm’s 50 day moving average price is $22.49 and its two-hundred day moving average price is $22.22. The firm has a market cap of $89.86 billion, a price-to-earnings ratio of 27.46, a price-to-earnings-growth ratio of 3.54 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 return on equity of 31.60% and a net margin of 17.28%. During the same quarter in the prior year, the business earned $0.18 earnings per share. As a group, equities analysts predict that Infosys Limited will post 0.74 EPS for the current fiscal 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.