Moran Wealth Management LLC Decreases Position in Infosys Limited (NYSE:INFY)

Moran Wealth Management LLC decreased its stake in Infosys Limited (NYSE:INFY) by 4.5% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 166,245 shares of the technology company’s stock after selling 7,904 shares during the quarter. Moran Wealth Management LLC’s holdings in Infosys were worth $3,644,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Infosys by 2.3% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 264,876 shares of the technology company’s stock worth $5,806,000 after buying an additional 6,004 shares during the period. Personal CFO Solutions LLC purchased a new position in Infosys in the fourth quarter valued at about $215,000. Naviter Wealth LLC boosted its holdings in Infosys by 11.5% in the fourth quarter. Naviter Wealth LLC now owns 89,947 shares of the technology company’s stock valued at $1,972,000 after purchasing an additional 9,301 shares during the last quarter. Generali Investments CEE investicni spolecnost a.s. purchased a new position in Infosys in the fourth quarter valued at about $5,901,000. Finally, Bank Julius Baer & Co. Ltd Zurich boosted its holdings in Infosys by 1,668.3% in the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 3,228,211 shares of the technology company’s stock valued at $75,470,000 after purchasing an additional 3,045,656 shares during the last quarter. Hedge funds and other institutional investors own 16.20% of the company’s stock.

Infosys Stock Down 2.2 %

NYSE:INFY opened at $19.43 on Tuesday. The business’s 50 day moving average is $21.54 and its two-hundred day moving average is $22.18. Infosys Limited has a 52 week low of $16.04 and a 52 week high of $23.63. The company has a market cap of $80.47 billion, a PE ratio of 24.59, a P/E/G 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 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 in the prior year, the firm posted $0.18 EPS. As a group, sell-side analysts expect that Infosys Limited will post 0.74 EPS for the current fiscal year.

Wall Street Analyst Weigh In

INFY has been the subject of a number of analyst reports. StockNews.com downgraded Infosys from a “buy” rating to a “hold” rating in a report on Monday. CLSA raised Infosys from a “hold” rating to an “outperform” rating in a report on Friday. HSBC raised Infosys from a “hold” rating to a “buy” rating in a report on Monday, December 9th. Guggenheim reissued a “neutral” rating on shares of Infosys in a report on Friday, January 17th. Finally, Hsbc Global Res raised 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, five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Infosys presently has a consensus rating of “Hold” and an average price target of $20.22.

Infosys 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.