Infosys Limited (NYSE:INFY) Shares Sold by Moloney Securities Asset Management LLC

Moloney Securities Asset Management LLC decreased its holdings in Infosys Limited (NYSE:INFY) by 5.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 85,311 shares of the technology company’s stock after selling 4,500 shares during the quarter. Moloney Securities Asset Management LLC’s holdings in Infosys were worth $1,870,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Advisory Resource Group boosted its holdings in Infosys by 6.3% in the fourth quarter. Advisory Resource Group now owns 50,585 shares of the technology company’s stock worth $1,109,000 after acquiring an additional 3,007 shares in the last quarter. Vest Financial LLC purchased a new position in shares of Infosys in the 4th quarter valued at approximately $224,000. Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in Infosys by 25.0% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 15,000 shares of the technology company’s stock worth $329,000 after purchasing an additional 3,000 shares in the last quarter. Adero Partners LLC increased its stake in Infosys by 44.1% during the 4th quarter. Adero Partners LLC now owns 18,288 shares of the technology company’s stock valued at $401,000 after purchasing an additional 5,594 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its stake in Infosys by 1,606.5% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,454,437 shares of the technology company’s stock valued at $32,143,000 after purchasing an additional 1,369,210 shares in the last quarter. 16.20% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on INFY. Hsbc Global Res raised shares of Infosys from a “hold” rating to a “strong-buy” rating in a report on Monday, December 9th. HSBC raised Infosys from a “hold” rating to a “buy” rating in a report on Monday, December 9th. BMO Capital Markets increased their price target on shares of Infosys from $23.00 to $25.00 and gave the stock a “market perform” rating in a report on Friday, October 18th. Guggenheim reiterated a “neutral” rating on shares of Infosys in a research note on Friday, January 17th. Finally, StockNews.com upgraded shares of Infosys from a “hold” rating to a “buy” rating in a research report on Wednesday, January 22nd. Two analysts have rated the stock with a sell rating, three have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $20.22.

Infosys Stock Down 1.8 %

NYSE:INFY opened at $21.85 on Friday. Infosys Limited has a 52 week low of $16.04 and a 52 week high of $23.63. The stock’s 50-day moving average price is $22.40 and its 200-day moving average price is $22.33. The stock has a market capitalization of $90.48 billion, a PE ratio of 27.65, a price-to-earnings-growth ratio of 3.64 and a beta of 1.00.

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, hitting analysts’ consensus estimates of $0.19. Infosys had a net margin of 17.28% and a return on equity of 31.60%. During the same quarter in the previous year, the firm earned $0.18 earnings per share. Sell-side analysts expect that Infosys Limited will post 0.74 earnings per share 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.