Vestmark Advisory Solutions Inc. Sells 1,768 Shares of Infosys Limited (NYSE:INFY)

Vestmark Advisory Solutions Inc. lessened its stake in shares of Infosys Limited (NYSE:INFY) by 10.6% in the fourth quarter, Holdings Channel reports. The institutional investor owned 14,870 shares of the technology company’s stock after selling 1,768 shares during the period. Vestmark Advisory Solutions Inc.’s holdings in Infosys were worth $326,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Assetmark Inc. increased its holdings in shares of Infosys by 37.4% in the 3rd quarter. Assetmark Inc. now owns 25,963 shares of the technology company’s stock worth $578,000 after purchasing an additional 7,066 shares in the last quarter. Crossmark Global Holdings Inc. increased its holdings in shares of Infosys by 41.1% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 223,907 shares of the technology company’s stock worth $4,986,000 after purchasing an additional 65,189 shares in the last quarter. State of New Jersey Common Pension Fund D increased its holdings in shares of Infosys by 0.3% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 3,309,869 shares of the technology company’s stock worth $73,711,000 after purchasing an additional 10,521 shares in the last quarter. Baillie Gifford & Co. increased its holdings in shares of Infosys by 4.6% in the 3rd quarter. Baillie Gifford & Co. now owns 3,089,058 shares of the technology company’s stock worth $68,793,000 after purchasing an additional 135,911 shares in the last quarter. Finally, Victory Capital Management Inc. increased its holdings in shares of Infosys by 6,071.1% in the 3rd quarter. Victory Capital Management Inc. now owns 4,739,830 shares of the technology company’s stock worth $105,556,000 after purchasing an additional 4,663,023 shares in the last quarter. Institutional investors own 16.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on INFY. StockNews.com raised Infosys from a “hold” rating to a “buy” rating in a report on Wednesday, January 22nd. Guggenheim reaffirmed a “neutral” rating on shares of Infosys in a report on Friday, January 17th. Hsbc Global Res raised 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. Finally, CLSA raised Infosys from a “hold” rating to an “outperform” rating in a report on Friday. Two analysts have rated the stock with a sell rating, three have given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Infosys presently has an average rating of “Moderate Buy” and an average price target of $20.22.

Infosys Stock Performance

NYSE INFY opened at $19.84 on Monday. The company has a market capitalization of $82.17 billion, a PE ratio of 25.11, a price-to-earnings-growth ratio of 3.50 and a beta of 1.01. The business’s fifty day moving average is $21.60 and its 200 day moving average is $22.20. Infosys Limited has a fifty-two week low of $16.04 and a fifty-two week high of $23.63.

Infosys (NYSE:INFY) last released its earnings results on Thursday, January 16th. The technology company reported $0.19 earnings per share for the quarter, meeting 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 prior year, the firm earned $0.18 EPS. On average, sell-side analysts forecast 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.