Naples Global Advisors LLC Sells 944 Shares of Infosys Limited (NYSE:INFY)

Naples Global Advisors LLC lowered its holdings in shares of Infosys Limited (NYSE:INFY) by 0.3% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 361,436 shares of the technology company’s stock after selling 944 shares during the period. Naples Global Advisors LLC’s holdings in Infosys were worth $7,923,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of INFY. Robeco Institutional Asset Management B.V. increased its holdings in Infosys by 6.2% in the fourth 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 purchasing an additional 1,501,039 shares during the period. Fisher Asset Management LLC increased its stake in shares of Infosys by 9.7% in the third quarter. Fisher Asset Management LLC now owns 14,415,018 shares of the technology company’s stock valued at $321,022,000 after buying an additional 1,271,890 shares during the period. Franklin Resources Inc. increased its stake in shares of Infosys by 2.9% in the third quarter. Franklin Resources Inc. now owns 11,272,051 shares of the technology company’s stock valued at $263,315,000 after buying an additional 322,648 shares during the period. BNP Paribas Financial Markets raised its position in shares of Infosys by 5.1% during the third quarter. BNP Paribas Financial Markets now owns 6,072,537 shares of the technology company’s stock worth $135,235,000 after acquiring an additional 297,183 shares during the last quarter. Finally, Daiwa Securities Group Inc. lifted its stake in shares of Infosys by 11.8% in the third quarter. Daiwa Securities Group Inc. now owns 5,852,900 shares of the technology company’s stock worth $130,344,000 after acquiring an additional 618,400 shares during the period. Institutional investors own 16.20% of the company’s stock.

Infosys Trading Down 1.0 %

INFY opened at $21.75 on Thursday. The company has a fifty day moving average price of $22.39 and a two-hundred day moving average price of $22.33. Infosys Limited has a 1-year low of $16.04 and a 1-year high of $23.63. The company has a market cap of $90.09 billion, a P/E ratio of 27.53, a price-to-earnings-growth ratio of 3.64 and a beta of 1.00.

Infosys (NYSE:INFY) last issued its earnings results on Thursday, January 16th. The technology company reported $0.19 EPS for the quarter, meeting 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 period last year, the business posted $0.18 earnings per share. On average, research analysts forecast that Infosys Limited will post 0.74 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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

Infosys Company 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.