Infosys Limited (NYSE:INFY) Shares Sold by Schroder Investment Management Group

Schroder Investment Management Group decreased its holdings in Infosys Limited (NYSE:INFY) by 17.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 3,597,439 shares of the technology company’s stock after selling 771,839 shares during the period. Schroder Investment Management Group’s holdings in Infosys were worth $79,503,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. Sierra Ocean LLC purchased a new stake in shares of Infosys in the fourth quarter valued at approximately $29,000. Brooklyn Investment Group acquired a new stake in shares of Infosys in the 4th quarter worth $52,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Infosys during the 3rd quarter worth $57,000. Farther Finance Advisors LLC boosted its position in shares of Infosys by 69.7% during the 4th quarter. Farther Finance Advisors LLC now owns 3,115 shares of the technology company’s stock valued at $68,000 after acquiring an additional 1,279 shares during the last quarter. Finally, GAMMA Investing LLC grew its holdings in shares of Infosys by 14.2% in the fourth quarter. GAMMA Investing LLC now owns 4,496 shares of the technology company’s stock valued at $99,000 after purchasing an additional 560 shares during the period. 16.20% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on INFY. 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. CLSA upgraded Infosys from a “hold” rating to an “outperform” rating in a research report on Friday, March 7th. StockNews.com lowered Infosys from a “buy” rating to a “hold” rating in a research note on Thursday, March 20th. Finally, HSBC upgraded shares of Infosys from a “hold” rating to a “buy” rating in a report on Monday, December 9th. Two analysts have rated the stock with a sell rating, four have issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $19.70.

Infosys Stock Down 2.7 %

INFY opened at $18.17 on Monday. The firm has a market cap of $75.26 billion, a P/E ratio of 23.00, a P/E/G ratio of 3.50 and a beta of 1.01. Infosys Limited has a 52 week low of $16.04 and a 52 week high of $23.63. The business has a fifty day simple moving average of $20.45 and a 200-day simple moving average of $21.75.

Infosys (NYSE:INFY) last released its earnings results on Thursday, January 16th. The technology company reported $0.19 earnings per share 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 period in the prior year, the company posted $0.18 earnings per share. Sell-side analysts expect that Infosys Limited will post 0.74 earnings per share 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.