Mutual Advisors LLC Sells 890 Shares of Infosys Limited (NYSE:INFY)

Mutual Advisors LLC trimmed its position in shares of Infosys Limited (NYSE:INFY) by 5.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 14,283 shares of the technology company’s stock after selling 890 shares during the period. Mutual Advisors LLC’s holdings in Infosys were worth $308,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of INFY. Mizuho Securities Co. Ltd. bought a new stake in Infosys during the 3rd quarter valued at $33,000. Brooklyn Investment Group purchased a new position in shares of Infosys in the fourth quarter valued at $52,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Infosys during the 3rd quarter valued at $57,000. Whittier Trust Co. of Nevada Inc. raised its stake in shares of Infosys by 25.3% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 3,795 shares of the technology company’s stock valued at $85,000 after purchasing an additional 766 shares during the period. Finally, GAMMA Investing LLC lifted its holdings in Infosys by 34.3% during the 3rd quarter. GAMMA Investing LLC now owns 3,936 shares of the technology company’s stock worth $88,000 after purchasing an additional 1,005 shares in the last quarter. 16.20% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on INFY shares. StockNews.com upgraded Infosys from a “hold” rating to a “buy” rating in a research report on Wednesday, January 22nd. BMO Capital Markets upped their target price on shares of Infosys from $23.00 to $25.00 and gave the stock a “market perform” rating in a report on Friday, October 18th. Hsbc Global Res raised shares of Infosys from a “hold” rating to a “strong-buy” rating in a report on Monday, December 9th. Investec cut shares of Infosys from a “hold” rating to a “sell” rating in a report on Thursday, October 3rd. Finally, HSBC raised Infosys from a “hold” rating to a “buy” rating in a research note on Monday, December 9th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $20.22.

Infosys Price Performance

NYSE INFY opened at $21.54 on Wednesday. Infosys Limited has a 1-year low of $16.04 and a 1-year high of $23.63. The stock has a market capitalization of $89.20 billion, a price-to-earnings ratio of 27.26, a PEG ratio of 3.54 and a beta of 1.00. The business’s fifty day moving average price is $22.49 and its 200-day moving average price is $22.29.

Infosys (NYSE:INFY) last announced 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 period in the previous year, the company posted $0.18 EPS. Equities research 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.