Foster Dykema Cabot & Partners LLC Reduces Position in Infosys Limited (NYSE:INFY)

Foster Dykema Cabot & Partners LLC reduced its holdings in Infosys Limited (NYSE:INFY) by 33.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,136 shares of the technology company’s stock after selling 1,068 shares during the period. Foster Dykema Cabot & Partners LLC’s holdings in Infosys were worth $47,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of INFY. Sierra Ocean LLC acquired a new stake in shares of Infosys in the 4th quarter worth $29,000. Brooklyn Investment Group acquired a new stake in Infosys during the fourth quarter worth about $52,000. Wilmington Savings Fund Society FSB purchased a new position in Infosys during the third quarter worth about $57,000. Farther Finance Advisors LLC boosted 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 valued at $68,000 after purchasing an additional 1,279 shares during the last quarter. Finally, GAMMA Investing LLC grew its stake in shares of Infosys by 14.2% in the 4th quarter. GAMMA Investing LLC now owns 4,496 shares of the technology company’s stock valued at $99,000 after buying an additional 560 shares during the period. 16.20% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Stifel Nicolaus decreased their price objective on Infosys from $22.00 to $18.00 and set a “hold” rating on the stock in a report on Tuesday. CLSA upgraded Infosys from a “hold” rating to an “outperform” rating in a report on Friday, March 7th. Guggenheim reissued a “neutral” rating on shares of Infosys in a research report on Friday, January 17th. Susquehanna raised shares of Infosys from a “negative” rating to a “neutral” rating and set a $17.00 target price on the stock in a research report on Monday. Finally, StockNews.com cut shares of Infosys from a “buy” rating to a “hold” rating in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, six have given a hold rating, three have issued a buy rating and one has issued 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 $20.03.

Infosys Price Performance

Shares of NYSE:INFY opened at $16.14 on Friday. The firm has a market capitalization of $66.84 billion, a PE ratio of 20.43, a price-to-earnings-growth ratio of 3.50 and a beta of 0.97. Infosys Limited has a 1 year low of $15.82 and a 1 year high of $23.63. The firm’s 50-day moving average is $18.97 and its two-hundred day moving average is $21.15.

Infosys (NYSE:INFY) last announced its earnings results on Thursday, April 17th. The technology company reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.01. Infosys had a net margin of 17.28% and a return on equity of 31.60%. The firm had revenue of $4.79 billion for the quarter, compared to the consensus estimate of $420.69 billion. During the same period in the prior year, the firm earned $0.23 EPS. Analysts expect that Infosys Limited will post 0.74 EPS 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.