Infosys Limited (NYSE:INFY) Shares Sold by Davis Capital Management

Davis Capital Management lowered its stake in Infosys Limited (NYSE:INFY) by 1.4% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 37,403 shares of the technology company’s stock after selling 525 shares during the quarter. Davis Capital Management’s holdings in Infosys were worth $820,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of INFY. Mizuho Securities Co. Ltd. acquired a new stake in Infosys during the 3rd quarter valued at approximately $33,000. Brooklyn Investment Group acquired a new stake in Infosys during the 4th quarter valued at approximately $52,000. Wilmington Savings Fund Society FSB acquired a new stake in Infosys during the 3rd quarter valued at approximately $57,000. Whittier Trust Co. of Nevada Inc. grew its stake in Infosys by 25.3% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 3,795 shares of the technology company’s stock valued at $85,000 after purchasing an additional 766 shares in the last quarter. Finally, GAMMA Investing LLC grew its stake in Infosys by 34.3% during the 3rd quarter. GAMMA Investing LLC now owns 3,936 shares of the technology company’s stock valued at $88,000 after purchasing an additional 1,005 shares in the last quarter. Institutional investors and hedge funds own 16.20% of the company’s stock.

Infosys Price Performance

INFY opened at $21.11 on Wednesday. Infosys Limited has a 12 month low of $16.04 and a 12 month high of $23.63. The stock has a market cap of $87.44 billion, a P/E ratio of 26.72, a P/E/G ratio of 3.47 and a beta of 1.00. The stock’s 50 day moving average price is $22.51 and its 200 day moving average price is $22.22.

Infosys (NYSE:INFY) last posted its earnings results on Thursday, January 16th. The technology company reported $0.19 EPS 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 previous year, the company posted $0.18 EPS. Equities analysts anticipate 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 research analyst reports. BMO Capital Markets increased their target price on Infosys from $23.00 to $25.00 and gave the stock a “market perform” rating in a report on Friday, October 18th. Guggenheim reaffirmed a “neutral” rating on shares of Infosys in a report on Friday, January 17th. StockNews.com downgraded Infosys from a “buy” rating to a “hold” rating in a report on Friday, January 3rd. HSBC raised Infosys from a “hold” rating to a “buy” rating in a report on Monday, December 9th. Finally, Investec downgraded Infosys from a “hold” rating to a “sell” rating in a report on Thursday, October 3rd. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $20.22.

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.