Royal London Asset Management Ltd. Sells 308,500 Shares of Infosys Limited (NYSE:INFY)

Royal London Asset Management Ltd. cut its stake in shares of Infosys Limited (NYSE:INFY) by 22.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,090,453 shares of the technology company’s stock after selling 308,500 shares during the quarter. Royal London Asset Management Ltd.’s holdings in Infosys were worth $23,903,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Sierra Ocean LLC bought a new stake in Infosys in the 4th quarter worth about $29,000. Brooklyn Investment Group bought a new stake in Infosys in the 4th quarter worth about $52,000. Wilmington Savings Fund Society FSB bought a new stake in Infosys in the 3rd quarter worth about $57,000. Farther Finance Advisors LLC increased its holdings in Infosys by 69.7% in the 4th quarter. Farther Finance Advisors LLC now owns 3,115 shares of the technology company’s stock worth $68,000 after buying an additional 1,279 shares in the last quarter. Finally, GAMMA Investing LLC increased its holdings in Infosys by 14.2% in the 4th quarter. GAMMA Investing LLC now owns 4,496 shares of the technology company’s stock worth $99,000 after buying an additional 560 shares in the last quarter. 16.20% of the stock is currently owned by institutional investors.

Infosys Stock Up 1.5 %

INFY stock opened at $18.34 on Friday. Infosys Limited has a twelve month low of $16.04 and a twelve month high of $23.81. The stock has a market cap of $75.96 billion, a P/E ratio of 23.21, a PEG ratio of 3.50 and a beta of 1.01. The business’s 50-day moving average price is $20.81 and its 200-day moving average price is $21.91.

Infosys (NYSE:INFY) last posted its quarterly earnings data on Thursday, January 16th. The technology company reported $0.19 earnings per share 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 previous year, the company posted $0.18 EPS. On average, equities research analysts expect that Infosys Limited will post 0.74 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on INFY shares. StockNews.com downgraded Infosys from a “buy” rating to a “hold” rating in a research note on Thursday. CLSA upgraded Infosys from a “hold” rating to an “outperform” rating in a research note on Friday, March 7th. Guggenheim restated a “neutral” rating on shares of Infosys in a research note on Friday, January 17th. 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 research note on Monday, December 9th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $19.70.

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.