Genesis Investment Management LLP Has $6.63 Million Position in Infosys Limited (NYSE:INFY)

Genesis Investment Management LLP lowered its stake in shares of Infosys Limited (NYSE:INFY) by 79.2% during the fourth quarter, Holdings Channel reports. The fund owned 302,408 shares of the technology company’s stock after selling 1,148,037 shares during the period. Infosys makes up approximately 7.3% of Genesis Investment Management LLP’s holdings, making the stock its 6th biggest holding. Genesis Investment Management LLP’s holdings in Infosys were worth $6,629,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Mizuho Securities Co. Ltd. acquired a new stake in shares of Infosys in the 3rd quarter valued at $33,000. Brooklyn Investment Group bought a new position in Infosys in the fourth quarter valued at about $52,000. Wilmington Savings Fund Society FSB bought a new stake in Infosys during the 3rd quarter worth about $57,000. Whittier Trust Co. of Nevada Inc. lifted its position in Infosys by 25.3% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 3,795 shares of the technology company’s stock valued at $85,000 after purchasing an additional 766 shares during the period. Finally, GAMMA Investing LLC boosted its stake in shares of Infosys by 34.3% in the 3rd quarter. GAMMA Investing LLC now owns 3,936 shares of the technology company’s stock valued at $88,000 after purchasing an additional 1,005 shares during the last quarter. Institutional investors and hedge funds own 16.20% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Investec downgraded shares of Infosys from a “hold” rating to a “sell” rating in a research note on Thursday, October 3rd. BMO Capital Markets upped their target price on shares of Infosys from $23.00 to $25.00 and gave the company a “market perform” rating in a research report on Friday, October 18th. Guggenheim restated a “neutral” rating on shares of Infosys in a research report on Friday. StockNews.com downgraded Infosys from a “buy” rating to a “hold” rating in a report on Friday, January 3rd. Finally, Hsbc Global Res upgraded Infosys from a “hold” rating to a “strong-buy” rating in a report on Monday, December 9th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $20.22.

Infosys Trading Down 1.9 %

Shares of Infosys stock opened at $21.16 on Tuesday. Infosys Limited has a 12 month low of $16.04 and a 12 month high of $23.63. The company has a market capitalization of $87.65 billion, a PE ratio of 26.79, a PEG ratio of 3.45 and a beta of 1.00. The stock’s fifty day simple moving average is $22.53 and its 200 day simple moving average is $22.21.

Infosys (NYSE:INFY) last released its quarterly earnings results on Thursday, January 16th. The technology company reported $0.19 EPS for the quarter, hitting 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 last year, the company earned $0.18 EPS. Analysts predict that Infosys Limited will post 0.74 EPS for the current fiscal year.

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.