Candriam S.C.A. Sells 126,500 Shares of Infosys Limited (NYSE:INFY)

Candriam S.C.A. reduced its holdings in shares of Infosys Limited (NYSE:INFY) by 58.0% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 91,500 shares of the technology company’s stock after selling 126,500 shares during the period. Candriam S.C.A.’s holdings in Infosys were worth $2,006,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. BHK Investment Advisors LLC raised its position in Infosys by 2.3% in the fourth quarter. BHK Investment Advisors LLC now owns 22,785 shares of the technology company’s stock valued at $499,000 after purchasing an additional 507 shares during the last quarter. Outlook Wealth Advisors LLC raised its position in Infosys by 2.8% in the fourth quarter. Outlook Wealth Advisors LLC now owns 18,405 shares of the technology company’s stock valued at $403,000 after purchasing an additional 508 shares during the last quarter. Canopy Partners LLC raised its position in Infosys by 3.1% in the third quarter. Canopy Partners LLC now owns 17,129 shares of the technology company’s stock valued at $381,000 after purchasing an additional 522 shares during the last quarter. GAMMA Investing LLC raised its position in Infosys by 14.2% in the fourth quarter. GAMMA Investing LLC now owns 4,496 shares of the technology company’s stock valued at $99,000 after purchasing an additional 560 shares during the last quarter. Finally, Flagship Harbor Advisors LLC raised its position in Infosys by 6.2% in the fourth quarter. Flagship Harbor Advisors LLC now owns 11,026 shares of the technology company’s stock valued at $242,000 after purchasing an additional 641 shares during the last quarter. 16.20% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have commented on the company. Hsbc Global Res upgraded Infosys from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 9th. CLSA upgraded Infosys from a “hold” rating to an “outperform” rating in a research report on Friday. Guggenheim reiterated a “neutral” rating on shares of Infosys in a research report on Friday, January 17th. StockNews.com upgraded Infosys from a “hold” rating to a “buy” rating in a research report on Wednesday, January 22nd. Finally, HSBC upgraded Infosys from a “hold” rating to a “buy” rating in a research report on Monday, December 9th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $20.22.

Infosys Price Performance

Shares of INFY opened at $19.84 on Monday. The business has a 50-day moving average of $21.60 and a 200-day moving average of $22.20. Infosys Limited has a 1 year low of $16.04 and a 1 year high of $23.63. The company has a market capitalization of $82.17 billion, a price-to-earnings ratio of 25.11, a price-to-earnings-growth ratio of 3.50 and a beta of 1.01.

Infosys (NYSE:INFY) last released its earnings results on Thursday, January 16th. The technology company reported $0.19 EPS for the quarter, hitting the consensus estimate of $0.19. Infosys had a return on equity of 31.60% and a net margin of 17.28%. During the same quarter in the previous year, the company earned $0.18 earnings per share. As a group, sell-side analysts anticipate that Infosys Limited will post 0.74 EPS for the current 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.