Infosys Limited (NYSE:INFY) Shares Sold by E. Ohman J or Asset Management AB

E. Ohman J or Asset Management AB reduced its holdings in Infosys Limited (NYSE:INFY) by 15.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 251,000 shares of the technology company’s stock after selling 46,200 shares during the period. E. Ohman J or Asset Management AB’s holdings in Infosys were worth $5,502,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Calamos Wealth Management LLC raised its position in shares of Infosys by 1.4% during the 4th quarter. Calamos Wealth Management LLC now owns 81,468 shares of the technology company’s stock worth $1,786,000 after purchasing an additional 1,155 shares during the last quarter. abrdn plc raised its holdings in shares of Infosys by 6.1% during the fourth quarter. abrdn plc now owns 340,764 shares of the technology company’s stock valued at $7,475,000 after acquiring an additional 19,537 shares during the last quarter. U.S. Capital Wealth Advisors LLC purchased a new position in shares of Infosys in the fourth quarter valued at approximately $246,000. Haven Global Partners LLC acquired a new stake in shares of Infosys in the fourth quarter worth approximately $4,078,000. Finally, Caprock Group LLC increased its position in shares of Infosys by 11.6% during the fourth quarter. Caprock Group LLC now owns 70,941 shares of the technology company’s stock worth $1,555,000 after purchasing an additional 7,348 shares in the last quarter. 16.20% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. Guggenheim restated a “neutral” rating on shares of Infosys in a report on Friday, January 17th. BMO Capital Markets upped 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. StockNews.com raised shares of Infosys from a “hold” rating to a “buy” rating in a research note on Wednesday, January 22nd. HSBC upgraded Infosys from a “hold” rating to a “buy” rating in a research report on Monday, December 9th. Finally, Hsbc Global Res upgraded Infosys from a “hold” rating to a “strong-buy” rating in a report on Monday, December 9th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $20.22.

Infosys Stock Up 0.2 %

INFY stock opened at $21.99 on Tuesday. Infosys Limited has a 52-week low of $16.04 and a 52-week high of $23.63. The stock has a market cap of $91.06 billion, a price-to-earnings ratio of 27.83, a price-to-earnings-growth ratio of 3.60 and a beta of 1.00. The business has a fifty day moving average of $22.46 and a two-hundred day moving average of $22.33.

Infosys (NYSE:INFY) last issued its quarterly earnings data on Thursday, January 16th. The technology company reported $0.19 earnings per share (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 last year, the company posted $0.18 EPS. As a group, sell-side analysts anticipate that Infosys Limited will post 0.74 EPS for the current year.

Infosys 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.