Victory Capital Management Inc. Has $101.12 Million Stake in Infosys Limited (NYSE:INFY)

Victory Capital Management Inc. cut its stake in shares of Infosys Limited (NYSE:INFY) by 2.7% during the 4th quarter, Holdings Channel reports. The institutional investor owned 4,613,270 shares of the technology company’s stock after selling 126,560 shares during the quarter. Victory Capital Management Inc.’s holdings in Infosys were worth $101,123,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Sierra Ocean LLC acquired a new position in Infosys during the 4th quarter worth about $29,000. Mizuho Securities Co. Ltd. acquired a new position in Infosys during the 3rd quarter worth about $33,000. Brooklyn Investment Group acquired a new position in Infosys during the 4th quarter worth about $52,000. Wilmington Savings Fund Society FSB acquired a new position in Infosys during the 3rd quarter worth about $57,000. Finally, GAMMA Investing LLC lifted its holdings in Infosys by 14.2% during the 4th quarter. GAMMA Investing LLC now owns 4,496 shares of the technology company’s stock worth $99,000 after buying an additional 560 shares during the period. 16.20% of the stock is owned by institutional investors and hedge funds.

Infosys Price Performance

Shares of Infosys stock opened at $20.07 on Thursday. Infosys Limited has a one year low of $16.04 and a one year high of $23.63. The firm has a market capitalization of $83.11 billion, a price-to-earnings ratio of 25.40, a PEG ratio of 3.50 and a beta of 1.00. The business has a 50-day simple moving average of $21.71 and a 200 day simple moving average of $22.24.

Infosys (NYSE:INFY) last issued its earnings results on Thursday, January 16th. The technology company reported $0.19 EPS for the quarter, meeting 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 period last year, the business posted $0.18 earnings per share. On average, sell-side analysts expect that Infosys Limited will post 0.74 EPS for the current year.

Analyst Upgrades and Downgrades

INFY has been the topic of a number of recent analyst reports. HSBC raised Infosys from a “hold” rating to a “buy” rating in a research note on Monday, December 9th. Hsbc Global Res raised Infosys from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 9th. StockNews.com raised Infosys from a “hold” rating to a “buy” rating in a research note on Wednesday, January 22nd. Finally, Guggenheim reissued a “neutral” rating on shares of Infosys in a research note on Friday, January 17th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Infosys currently has an average rating of “Hold” and an average price target of $20.22.

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.