Robeco Institutional Asset Management B.V. Sells 2,746,532 Shares of Infosys Ltd. $INFY

Robeco Institutional Asset Management B.V. lessened its holdings in Infosys Ltd. (NYSE:INFY) by 5.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 46,294,169 shares of the technology company’s stock after selling 2,746,532 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Infosys were worth $498,125,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. V Square Quantitative Management LLC purchased a new position in Infosys during the first quarter worth approximately $97,000. TD Waterhouse Canada Inc. grew its holdings in Infosys by 14.2% in the second quarter. TD Waterhouse Canada Inc. now owns 9,090 shares of the technology company’s stock valued at $97,000 after purchasing an additional 1,131 shares during the period. Concurrent Investment Advisors LLC acquired a new stake in Infosys in the second quarter valued at approximately $115,000. Laidlaw Wealth Management LLC acquired a new stake in Infosys in the second quarter valued at approximately $117,000. Finally, Angeles Wealth Management LLC purchased a new stake in shares of Infosys in the second quarter valued at approximately $125,000. Institutional investors and hedge funds own 16.20% of the company’s stock.

Infosys Stock Up 3.6%

INFY stock opened at $12.64 on Wednesday. The stock has a market capitalization of $51.21 billion, a P/E ratio of 14.52, a P/E/G ratio of 2.84 and a beta of 0.88. The firm has a 50-day simple moving average of $11.42 and a 200-day simple moving average of $11.94. Infosys Ltd. has a 52 week low of $10.12 and a 52 week high of $30.00.

Infosys (NYSE:INFY) last released its quarterly earnings results on Thursday, July 23rd. The technology company reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.01). The company had revenue of $4.99 billion for the quarter, compared to analyst estimates of $5.08 billion. Infosys had a return on equity of 33.91% and a net margin of 16.38%. On average, analysts expect that Infosys Ltd. will post 0.81 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on INFY shares. Wells Fargo & Company set a $11.00 price objective on Infosys and gave the company an “equal weight” rating in a research report on Friday, June 26th. The Goldman Sachs Group reiterated a “neutral” rating and set a $10.40 target price on shares of Infosys in a research report on Thursday, October 1st. TD Cowen reiterated a “hold” rating and set a $9.00 target price (down from $10.00) on shares of Infosys in a research report on Friday, July 24th. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $10.90 price target (down from $12.70) on shares of Infosys in a research note on Friday, July 24th. Finally, Susquehanna cut their price target on shares of Infosys from $12.00 to $11.00 and set a “neutral” rating for the company in a report on Friday, July 24th. Ten investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Infosys currently has a consensus rating of “Reduce” and an average target price of $11.45.

About Infosys

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. The company was founded by Dinesh Krishnan Swamy, Senapathy Gopalakrishnan, Narayana Ramarao Nagavara Murthy, Raghavan N. S., Ashok Arora, Nandan M. Nilekani, and S. D. Shibulal on July 2, 1981 and is headquartered in Bangalore, India.