Greenleaf Trust Cuts Stock Holdings in Infosys Limited (NYSE:INFY)

Greenleaf Trust decreased its holdings in shares of Infosys Limited (NYSE:INFY) by 43.8% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 16,221 shares of the technology company’s stock after selling 12,636 shares during the period. Greenleaf Trust’s holdings in Infosys were worth $298,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. FMR LLC boosted its holdings in shares of Infosys by 15.2% in the 3rd quarter. FMR LLC now owns 24,819,637 shares of the technology company’s stock valued at $424,664,000 after buying an additional 3,275,485 shares in the last quarter. Canada Pension Plan Investment Board bought a new stake in shares of Infosys in the 3rd quarter valued at about $158,356,000. Vanguard Group Inc. boosted its holdings in shares of Infosys by 2.3% in the 3rd quarter. Vanguard Group Inc. now owns 8,143,005 shares of the technology company’s stock valued at $139,327,000 after buying an additional 180,888 shares in the last quarter. Aikya Investment Management Ltd bought a new stake in shares of Infosys in the 4th quarter valued at about $71,409,000. Finally, Oaktree Capital Management LP boosted its holdings in shares of Infosys by 2.9% in the 3rd quarter. Oaktree Capital Management LP now owns 3,809,087 shares of the technology company’s stock valued at $65,173,000 after buying an additional 107,729 shares in the last quarter. Hedge funds and other institutional investors own 10.89% of the company’s stock.

Infosys Trading Down 0.7 %

Shares of NYSE INFY opened at $17.18 on Wednesday. Infosys Limited has a 12 month low of $14.71 and a 12 month high of $20.74. The company has a 50 day simple moving average of $18.69 and a two-hundred day simple moving average of $18.34. The stock has a market cap of $71.09 billion, a price-to-earnings ratio of 22.60, a PEG ratio of 2.21 and a beta of 0.93.

Infosys (NYSE:INFY) last announced its quarterly earnings data on Thursday, April 18th. The technology company reported $0.23 EPS for the quarter, beating the consensus estimate of $0.17 by $0.06. Infosys had a net margin of 17.06% and a return on equity of 32.33%. The business had revenue of $4.56 billion during the quarter, compared to analysts’ expectations of $4.49 billion. During the same period in the previous year, the business posted $0.18 EPS. Analysts forecast that Infosys Limited will post 0.76 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on INFY shares. UBS Group upgraded shares of Infosys from a “neutral” rating to a “buy” rating in a report on Wednesday, January 3rd. JPMorgan Chase & Co. upgraded shares of Infosys from a “neutral” rating to an “overweight” rating in a report on Wednesday, January 3rd. Guggenheim assumed coverage on shares of Infosys in a research note on Tuesday, March 19th. They issued a “neutral” rating and a $20.00 target price for the company. Bank of America upgraded shares of Infosys from a “neutral” rating to a “buy” rating in a research note on Tuesday, April 9th. Finally, Wedbush reiterated an “outperform” rating and issued a $22.00 target price on shares of Infosys in a research note on Wednesday, March 13th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $19.27.

Infosys Profile

Infosys Limited, together with its subsidiaries, provides consulting, technology, outsourcing, and next-generation digital services in North America, Europe, India, and internationally. It provides application management and application development services, independent validation solutions, product engineering and management, infrastructure management services, traditional enterprise application implementation, support, and integration services.