EntryPoint Capital LLC Sells 4,467 Shares of Infosys Limited (NYSE:INFY)

EntryPoint Capital LLC cut its holdings in Infosys Limited (NYSE:INFY) by 30.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 10,076 shares of the technology company’s stock after selling 4,467 shares during the quarter. EntryPoint Capital LLC’s holdings in Infosys were worth $221,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. SG Americas Securities LLC acquired a new stake in shares of Infosys in the 4th quarter valued at about $311,000. Jones Financial Companies Lllp raised its stake in Infosys by 15.9% during the 4th quarter. Jones Financial Companies Lllp now owns 7,520 shares of the technology company’s stock worth $165,000 after buying an additional 1,030 shares during the period. Haven Global Partners LLC bought a new position in Infosys in the fourth quarter worth approximately $4,078,000. Nomura Asset Management Co. Ltd. grew its stake in Infosys by 22.5% in the third quarter. Nomura Asset Management Co. Ltd. now owns 670,907 shares of the technology company’s stock valued at $14,941,000 after acquiring an additional 123,083 shares during the period. Finally, Barclays PLC increased its holdings in shares of Infosys by 11.8% during the third quarter. Barclays PLC now owns 2,523,605 shares of the technology company’s stock valued at $56,200,000 after acquiring an additional 266,902 shares in the last quarter. 16.20% of the stock is currently owned by institutional investors.

Infosys Price Performance

NYSE INFY opened at $18.17 on Friday. The company has a fifty day moving average price of $20.45 and a 200-day moving average price of $21.75. The firm has a market cap of $75.26 billion, a price-to-earnings ratio of 23.00, a PEG ratio of 3.50 and a beta of 1.01. Infosys Limited has a 1 year low of $16.04 and a 1 year high of $23.63.

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, hitting analysts’ consensus estimates 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 business posted $0.18 earnings per share. On average, research analysts anticipate that Infosys Limited will post 0.74 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on INFY. CLSA upgraded Infosys from a “hold” rating to an “outperform” rating in a report on Friday, March 7th. HSBC upgraded shares of Infosys from a “hold” rating to a “buy” rating in a report on Monday, December 9th. Hsbc Global Res upgraded shares of Infosys from a “hold” rating to a “strong-buy” rating in a report on Monday, December 9th. Guggenheim restated a “neutral” rating on shares of Infosys in a report on Friday, January 17th. Finally, StockNews.com downgraded Infosys from a “buy” rating to a “hold” rating in a research note on Thursday, March 20th. Two analysts have rated the stock with a sell rating, four have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $19.70.

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.