Foster & Motley Inc. lowered its holdings in Infosys Limited (NYSE:INFY – Get Rating) by 4.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 312,826 shares of the technology company's stock after selling 14,769 shares during the period. Foster & Motley Inc.'s holdings in Infosys were worth $5,309,000 at the end of the most recent reporting period.
Several other institutional investors have also made changes to their positions in the company. Creative Planning increased its position in shares of Infosys by 24.3% in the third quarter. Creative Planning now owns 68,868 shares of the technology company's stock worth $1,169,000 after acquiring an additional 13,476 shares in the last quarter. Channing Global Advisors LLC increased its position in shares of Infosys by 43.2% in the third quarter. Channing Global Advisors LLC now owns 57,210 shares of the technology company's stock worth $971,000 after acquiring an additional 17,252 shares in the last quarter. C WorldWide Group Holding A S increased its position in shares of Infosys by 21.8% in the third quarter. C WorldWide Group Holding A S now owns 1,025,514 shares of the technology company's stock worth $17,403,000 after acquiring an additional 183,870 shares in the last quarter. Daiwa Securities Group Inc. increased its position in shares of Infosys by 32.4% in the third quarter. Daiwa Securities Group Inc. now owns 348,200 shares of the technology company's stock worth $5,909,000 after acquiring an additional 85,300 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale boosted its holdings in shares of Infosys by 15.0% during the third quarter. DekaBank Deutsche Girozentrale now owns 432,927 shares of the technology company's stock worth $7,248,000 after purchasing an additional 56,581 shares during the period. 12.68% of the stock is owned by hedge funds and other institutional investors.
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Infosys Stock Up 0.6 %
Shares of NYSE INFY opened at $18.90 on Monday. The firm's 50-day simple moving average is $18.78 and its 200 day simple moving average is $18.60. The company has a market cap of $79.53 billion, a price-to-earnings ratio of 26.45, a price-to-earnings-growth ratio of 2.61 and a beta of 1.01. Infosys Limited has a 12-month low of $16.39 and a 12-month high of $25.20.
Infosys (NYSE:INFY – Get Rating) last released its earnings results on Thursday, January 12th. The technology company reported $0.19 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.19. Infosys had a net
margin of 16.66% and a return on equity of 31.23%. The company had revenue of $4.66 billion for the quarter, compared to the consensus estimate of $4.66 billion. During the same period in the prior year, the company posted $0.18 EPS. On average, equities analysts expect that Infosys Limited will post 0.71 earnings per share for the current year.
Wall Street Analysts Forecast Growth
A number of analysts have issued reports on the stock. StockNews.com cut shares of Infosys from a "buy" rating to a "hold" rating in a research note on Friday. BMO Capital Markets boosted their price objective on shares of Infosys from $20.00 to $21.00 and gave the stock a "market perform" rating in a research note on Friday, January 13th. Cowen reduced their price objective on shares of Infosys from $19.00 to $18.00 and set a "market perform" rating for the company in a research note on Friday, October 14th. Investec upgraded shares of Infosys from a "hold" rating to a "buy" rating in a research note on Friday, October 14th. Finally, Cowen reduced their price objective on shares of Infosys from $19.00 to $18.00 and set a "market perform" rating for the company in a research note on Friday, October 14th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $21.19.
Infosys Profile
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Infosys Limited, together with its subsidiaries, provides consulting, technology, outsourcing, and next-generation digital services in North America, Europe, India, and internationally. It provides application development and management, independent validation, product engineering and management, infrastructure management, enterprise application management, and support and integration services.
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