Oldfield Partners LLP Reduces Position in Infosys Limited (NYSE:INFY)

Oldfield Partners LLP lessened its position in Infosys Limited (NYSE:INFY) by 14.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 396,598 shares of the technology company’s stock after selling 66,800 shares during the quarter. Infosys comprises about 2.5% of Oldfield Partners LLP’s investment portfolio, making the stock its 8th biggest position. Oldfield Partners LLP’s holdings in Infosys were worth $8,693,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of INFY. Mizuho Securities Co. Ltd. bought a new position in shares of Infosys during the 3rd quarter worth about $33,000. Brooklyn Investment Group bought a new position in shares of Infosys during the 4th quarter worth about $52,000. Wilmington Savings Fund Society FSB bought a new position in shares of Infosys during the 3rd quarter worth about $57,000. Whittier Trust Co. of Nevada Inc. increased its holdings in shares of 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 worth $85,000 after purchasing an additional 766 shares during the period. Finally, GAMMA Investing LLC boosted its position in shares of 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 acquiring an additional 1,005 shares in the last quarter. Institutional investors own 16.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on INFY. Guggenheim restated a “neutral” rating on shares of Infosys in a research report on Friday, January 17th. Investec downgraded shares of Infosys from a “hold” rating to a “sell” rating in a research note on Thursday, October 3rd. StockNews.com raised shares of Infosys from a “hold” rating to a “buy” rating in a research note on Wednesday, January 22nd. Hsbc Global Res raised shares of Infosys from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 9th. Finally, HSBC raised shares of Infosys from a “hold” rating to a “buy” rating in a research note on Monday, December 9th. Two analysts have rated the stock with a sell rating, three have issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Infosys currently has an average rating of “Hold” and a consensus target price of $20.22.

Infosys Trading Up 1.0 %

Shares of INFY opened at $21.75 on Wednesday. Infosys Limited has a 12 month low of $16.04 and a 12 month high of $23.63. The firm has a fifty day simple moving average of $22.48 and a 200 day simple moving average of $22.30. The stock has a market capitalization of $90.09 billion, a price-to-earnings ratio of 27.55, a PEG ratio of 3.54 and a beta of 1.00.

Infosys (NYSE:INFY) last announced its quarterly 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 net margin of 17.28% and a return on equity of 31.60%. During the same period in the previous year, the company earned $0.18 earnings per share. As a group, research analysts predict that Infosys Limited will post 0.74 earnings per share for the current fiscal 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.