C WorldWide Group Holding A S Sells 17,547 Shares of Infosys Limited (NYSE:INFY)

C WorldWide Group Holding A S reduced its holdings in Infosys Limited (NYSE:INFY) by 2.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 852,969 shares of the technology company’s stock after selling 17,547 shares during the quarter. C WorldWide Group Holding A S’s holdings in Infosys were worth $18,697,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Robeco Institutional Asset Management B.V. lifted its stake in Infosys by 6.2% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 25,841,022 shares of the technology company’s stock valued at $566,435,000 after buying an additional 1,501,039 shares during the period. Fisher Asset Management LLC lifted its stake in Infosys by 9.7% in the third quarter. Fisher Asset Management LLC now owns 14,415,018 shares of the technology company’s stock valued at $321,022,000 after buying an additional 1,271,890 shares during the period. Franklin Resources Inc. lifted its stake in Infosys by 2.9% in the third quarter. Franklin Resources Inc. now owns 11,272,051 shares of the technology company’s stock valued at $263,315,000 after buying an additional 322,648 shares during the period. BNP Paribas Financial Markets lifted its stake in Infosys by 5.1% in the third quarter. BNP Paribas Financial Markets now owns 6,072,537 shares of the technology company’s stock valued at $135,235,000 after buying an additional 297,183 shares during the period. Finally, Daiwa Securities Group Inc. lifted its stake in Infosys by 11.8% in the third quarter. Daiwa Securities Group Inc. now owns 5,852,900 shares of the technology company’s stock valued at $130,344,000 after buying an additional 618,400 shares during the period. 16.20% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. Guggenheim reissued a “neutral” rating on shares of Infosys in a research note on Friday, January 17th. HSBC raised Infosys from a “hold” rating to a “buy” rating in a research report on Monday, December 9th. StockNews.com raised Infosys from a “hold” rating to a “buy” rating in a research report on Wednesday, January 22nd. Finally, Hsbc Global Res raised Infosys from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 9th. 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 given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $20.22.

Infosys Trading Down 0.9 %

Shares of Infosys stock opened at $21.17 on Monday. The stock has a fifty day simple moving average of $22.13 and a 200 day simple moving average of $22.31. Infosys Limited has a 12-month low of $16.04 and a 12-month high of $23.63. The company has a market capitalization of $87.67 billion, a P/E ratio of 26.79, a price-to-earnings-growth ratio of 3.50 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 earnings per share (EPS) for the quarter, hitting 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 quarter in the prior year, the company earned $0.18 earnings per share. On average, analysts predict that Infosys Limited will post 0.74 EPS for the current year.

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.