TCW Group Inc. Sells 9,013 Shares of Infosys Limited (NYSE:INFY)

TCW Group Inc. trimmed its position in Infosys Limited (NYSE:INFY) by 18.4% in the fourth quarter, Holdings Channel.com reports. The firm owned 40,027 shares of the technology company’s stock after selling 9,013 shares during the period. TCW Group Inc.’s holdings in Infosys were worth $877,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. Sierra Ocean LLC bought a new stake in shares of Infosys during the fourth quarter worth approximately $29,000. Mizuho Securities Co. Ltd. bought a new position in shares of Infosys in the 3rd quarter worth $33,000. Brooklyn Investment Group acquired a new stake in shares of Infosys during the fourth quarter worth $52,000. Wilmington Savings Fund Society FSB bought a new stake in Infosys in the third quarter valued at about $57,000. Finally, GAMMA Investing LLC lifted its stake in 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 buying an additional 560 shares during the period. 16.20% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

INFY has been the subject of a number of recent analyst reports. Guggenheim reaffirmed a “neutral” rating on shares of Infosys in a research note 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. HSBC raised shares of Infosys from a “hold” rating to a “buy” rating in a research report on Monday, December 9th. Finally, StockNews.com upgraded shares of Infosys from a “hold” rating to a “buy” rating in a research report on Wednesday, January 22nd. Two investment analysts have rated the stock with a sell rating, three have given a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Infosys currently has an average rating of “Hold” and an average price target of $20.22.

Infosys Stock Down 1.8 %

Shares of INFY stock opened at $20.79 on Tuesday. Infosys Limited has a 12-month low of $16.04 and a 12-month high of $23.63. The firm has a fifty day moving average of $22.08 and a 200-day moving average of $22.31. The company has a market capitalization of $86.09 billion, a price-to-earnings ratio of 26.31, a P/E/G ratio of 3.50 and a beta of 1.00.

Infosys (NYSE:INFY) last posted 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 return on equity of 31.60% and a net margin of 17.28%. During the same quarter in the prior year, the firm earned $0.18 earnings per share. On average, equities analysts expect that Infosys Limited will post 0.74 EPS for the current 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.