Infosys Limited (NYSE:INFY) Shares Sold by Matthews International Capital Management LLC

Matthews International Capital Management LLC decreased its holdings in shares of Infosys Limited (NYSE:INFYGet Rating) by 20.3% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 47,129 shares of the technology company’s stock after selling 11,971 shares during the period. Infosys makes up about 0.1% of Matthews International Capital Management LLC’s portfolio, making the stock its 26th biggest holding. Matthews International Capital Management LLC’s holdings in Infosys were worth $800,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in INFY. Schubert & Co purchased a new stake in Infosys during the 2nd quarter worth $31,000. JFS Wealth Advisors LLC increased its stake in Infosys by 86.0% during the 3rd quarter. JFS Wealth Advisors LLC now owns 2,797 shares of the technology company’s stock worth $47,000 after buying an additional 1,293 shares during the period. Benjamin F. Edwards & Company Inc. increased its stake in Infosys by 478.5% during the 3rd quarter. Benjamin F. Edwards & Company Inc. now owns 5,785 shares of the technology company’s stock worth $98,000 after buying an additional 4,785 shares during the period. Captrust Financial Advisors increased its stake in Infosys by 24.4% during the 2nd quarter. Captrust Financial Advisors now owns 6,549 shares of the technology company’s stock worth $121,000 after buying an additional 1,286 shares during the period. Finally, Twin Tree Management LP purchased a new stake in Infosys during the 2nd quarter worth $148,000. Hedge funds and other institutional investors own 12.68% of the company’s stock.

Infosys Trading Down 0.8 %

NYSE INFY opened at $18.90 on Wednesday. The company has a fifty day simple moving average of $18.75 and a 200 day simple moving average of $18.60. The company has a market cap of $79.53 billion, a P/E ratio of 26.62, a P/E/G ratio of 2.61 and a beta of 1.01. Infosys Limited has a 1 year low of $16.39 and a 1 year high of $25.20.

Infosys (NYSE:INFYGet Rating) last posted its quarterly earnings data on Thursday, January 12th. The technology company reported $0.19 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.19. The business had revenue of $4.66 billion during the quarter, compared to the consensus estimate of $4.66 billion. Infosys had a net margin of 16.66% and a return on equity of 31.23%. During the same period in the prior year, the firm earned $0.18 EPS. Equities research analysts forecast that Infosys Limited will post 0.71 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on INFY shares. Cowen dropped their target price on shares of Infosys from $19.00 to $18.00 and set a “market perform” rating for the company in a research report on Friday, October 14th. Investec raised shares of Infosys from a “hold” rating to a “buy” rating in a research report on Friday, October 14th. StockNews.com lowered shares of Infosys from a “buy” rating to a “hold” rating in a research note on Friday, January 20th. Cowen reduced their target price 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. Finally, BMO Capital Markets upped their price target 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. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $21.19.

Infosys Profile

(Get Rating)

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.

Featured Articles

Want to see what other hedge funds are holding INFY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Infosys Limited (NYSE:INFYGet Rating).

Institutional Ownership by Quarter for Infosys (NYSE:INFY)

Receive News & Ratings for Infosys Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Infosys and related companies with MarketBeat.com's FREE daily email newsletter.