Migdal Insurance & Financial Holdings Ltd. Has $3.19 Million Position in Infosys Limited (NYSE:INFY)

Migdal Insurance & Financial Holdings Ltd. reduced its stake in shares of Infosys Limited (NYSE:INFY) by 27.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 144,779 shares of the technology company’s stock after selling 55,000 shares during the quarter. Migdal Insurance & Financial Holdings Ltd.’s holdings in Infosys were worth $3,189,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. Outlook Wealth Advisors LLC raised its stake in Infosys by 2.8% during the fourth quarter. Outlook Wealth Advisors LLC now owns 18,405 shares of the technology company’s stock worth $403,000 after acquiring an additional 508 shares in the last quarter. Canopy Partners LLC raised its stake in Infosys by 3.1% during the third quarter. Canopy Partners LLC now owns 17,129 shares of the technology company’s stock worth $381,000 after acquiring an additional 522 shares in the last quarter. GAMMA Investing LLC raised its stake in Infosys by 14.2% during the fourth quarter. GAMMA Investing LLC now owns 4,496 shares of the technology company’s stock worth $99,000 after acquiring an additional 560 shares in the last quarter. Flagship Harbor Advisors LLC raised its stake in Infosys by 6.2% during the fourth quarter. Flagship Harbor Advisors LLC now owns 11,026 shares of the technology company’s stock worth $242,000 after acquiring an additional 641 shares in the last quarter. Finally, Modera Wealth Management LLC raised its stake in Infosys by 0.4% during the third quarter. Modera Wealth Management LLC now owns 183,028 shares of the technology company’s stock worth $4,076,000 after acquiring an additional 653 shares in the last quarter. 16.20% of the stock is currently owned by institutional investors and hedge funds.

Infosys Trading Down 0.4 %

Shares of INFY opened at $22.22 on Friday. Infosys Limited has a 1 year low of $16.04 and a 1 year high of $23.63. The stock has a market cap of $92.05 billion, a P/E ratio of 28.13, a price-to-earnings-growth ratio of 3.60 and a beta of 1.00. The stock’s 50-day moving average price is $22.42 and its two-hundred day moving average price is $22.33.

Infosys (NYSE:INFY) last issued its earnings results 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 previous year, the company earned $0.18 EPS. As a group, equities analysts forecast that Infosys Limited will post 0.74 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on INFY shares. BMO Capital Markets raised their target price on Infosys from $23.00 to $25.00 and gave the company a “market perform” rating in a research note on Friday, October 18th. Guggenheim restated a “neutral” rating on shares of Infosys in a research note on Friday, January 17th. StockNews.com upgraded Infosys from a “hold” rating to a “buy” rating in a research note on Wednesday, January 22nd. HSBC upgraded Infosys from a “hold” rating to a “buy” rating in a research note on Monday, December 9th. Finally, Hsbc Global Res upgraded Infosys from a “hold” rating to a “strong-buy” rating in a report on Monday, December 9th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $20.22.

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.