Infosys Limited (NYSE:INFY) Shares Sold by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. reduced its stake in Infosys Limited (NYSE:INFY) by 1.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,746,100 shares of the technology company’s stock after selling 106,800 shares during the period. Daiwa Securities Group Inc. owned 0.14% of Infosys worth $125,954,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Robeco Institutional Asset Management B.V. boosted its holdings in shares of Infosys by 6.2% during 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 acquiring an additional 1,501,039 shares during the period. Fisher Asset Management LLC boosted its position in shares of Infosys by 0.7% during the fourth quarter. Fisher Asset Management LLC now owns 14,517,359 shares of the technology company’s stock worth $318,221,000 after buying an additional 102,341 shares during the period. Franklin Resources Inc. grew its holdings in Infosys by 2.9% in the 3rd quarter. Franklin Resources Inc. now owns 11,272,051 shares of the technology company’s stock worth $263,315,000 after buying an additional 322,648 shares in the last quarter. BNP Paribas Financial Markets increased its position in Infosys by 5.1% in the 3rd quarter. BNP Paribas Financial Markets now owns 6,072,537 shares of the technology company’s stock valued at $135,235,000 after acquiring an additional 297,183 shares during the period. Finally, Victory Capital Management Inc. raised its stake in Infosys by 6,071.1% during the 3rd quarter. Victory Capital Management Inc. now owns 4,739,830 shares of the technology company’s stock valued at $105,556,000 after acquiring an additional 4,663,023 shares in the last quarter. 16.20% of the stock is owned by institutional investors.

Infosys Price Performance

INFY stock opened at $19.84 on Monday. The firm has a market cap of $82.17 billion, a PE ratio of 25.11, a P/E/G ratio of 3.50 and a beta of 1.01. Infosys Limited has a 12 month low of $16.04 and a 12 month high of $23.63. The firm has a 50 day simple moving average of $21.60 and a 200 day simple moving average of $22.20.

Infosys (NYSE:INFY) last announced its quarterly earnings data on Thursday, January 16th. The technology company reported $0.19 EPS for the quarter, meeting 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 prior year, the firm posted $0.18 earnings per share. As a group, sell-side analysts expect that Infosys Limited will post 0.74 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have recently issued reports on INFY shares. Hsbc Global Res raised Infosys from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 9th. HSBC upgraded shares of Infosys from a “hold” rating to a “buy” rating in a research report on Monday, December 9th. StockNews.com upgraded shares of Infosys from a “hold” rating to a “buy” rating in a research report on Wednesday, January 22nd. Guggenheim reiterated a “neutral” rating on shares of Infosys in a report on Friday, January 17th. Finally, CLSA raised Infosys from a “hold” rating to an “outperform” rating in a report on Friday. Two investment analysts have rated the stock with a sell rating, three have given a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Infosys presently has a consensus rating of “Moderate Buy” 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.