Infosys Limited (NYSE:INFY) Holdings Decreased by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC reduced its holdings in Infosys Limited (NYSE:INFY) by 38.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 46,202 shares of the technology company’s stock after selling 29,394 shares during the period. Tower Research Capital LLC TRC’s holdings in Infosys were worth $1,013,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Arrowstreet Capital Limited Partnership increased its stake in shares of Infosys by 118.8% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 7,912,259 shares of the technology company’s stock worth $173,437,000 after acquiring an additional 4,296,291 shares during the last quarter. First Trust Advisors LP raised its stake in shares of Infosys by 14.5% during the 4th quarter. First Trust Advisors LP now owns 32,410,108 shares of the technology company’s stock worth $710,430,000 after purchasing an additional 4,108,903 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich lifted its holdings in shares of Infosys by 1,668.3% during the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 3,228,211 shares of the technology company’s stock valued at $75,470,000 after buying an additional 3,045,656 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its stake in shares of Infosys by 6.2% in the 4th 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 in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its holdings in Infosys by 1,606.5% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,454,437 shares of the technology company’s stock worth $32,143,000 after buying an additional 1,369,210 shares during the last quarter. 16.20% of the stock is currently owned by institutional investors and hedge funds.

Infosys Stock Up 0.8 %

Shares of INFY opened at $17.36 on Friday. The stock’s 50-day moving average price is $18.48 and its 200 day moving average price is $20.95. Infosys Limited has a 12-month low of $15.82 and a 12-month high of $23.63. The firm has a market capitalization of $71.91 billion, a price-to-earnings ratio of 21.97, a P/E/G ratio of 3.50 and a beta of 0.97.

Infosys (NYSE:INFY) last issued its earnings results on Thursday, April 17th. The technology company reported $0.20 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.01. Infosys had a return on equity of 31.60% and a net margin of 17.28%. The business had revenue of $4.79 billion during the quarter, compared to analyst estimates of $420.69 billion. During the same period in the prior year, the company posted $0.23 earnings per share. Equities research analysts expect that Infosys Limited will post 0.74 EPS for the current year.

Analyst Ratings Changes

INFY has been the subject of several recent research reports. The Goldman Sachs Group downgraded shares of Infosys from a “buy” rating to a “neutral” rating and set a $17.90 target price for the company. in a research report on Monday. Stifel Nicolaus decreased their price objective on shares of Infosys from $18.00 to $17.00 and set a “hold” rating for the company in a report on Monday. BMO Capital Markets dropped their target price on shares of Infosys from $25.00 to $18.00 and set a “market perform” rating on the stock in a report on Monday. Susquehanna upgraded shares of Infosys from a “negative” rating to a “neutral” rating and set a $17.00 price target for the company in a report on Monday, April 14th. Finally, StockNews.com cut Infosys from a “buy” rating to a “hold” rating in a research report on Wednesday. Seven research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $17.48.

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.