Vanguard Group Inc. Has $107.27 Million Stock Holdings in Infosys Limited (NYSE:INFY)

Vanguard Group Inc. lowered its stake in Infosys Limited (NYSE:INFY) by 2.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 4,893,884 shares of the technology company’s stock after selling 111,966 shares during the quarter. Vanguard Group Inc. owned about 0.12% of Infosys worth $107,274,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. BHK Investment Advisors LLC lifted its stake in Infosys by 2.3% in the fourth quarter. BHK Investment Advisors LLC now owns 22,785 shares of the technology company’s stock valued at $499,000 after buying an additional 507 shares during the period. Outlook Wealth Advisors LLC increased its stake in shares of Infosys by 2.8% in the 4th quarter. Outlook Wealth Advisors LLC now owns 18,405 shares of the technology company’s stock valued at $403,000 after acquiring an additional 508 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of Infosys by 14.2% in the 4th quarter. GAMMA Investing LLC now owns 4,496 shares of the technology company’s stock valued at $99,000 after acquiring an additional 560 shares during the last quarter. Flagship Harbor Advisors LLC raised its position in shares of Infosys by 6.2% in the 4th quarter. Flagship Harbor Advisors LLC now owns 11,026 shares of the technology company’s stock valued at $242,000 after acquiring an additional 641 shares during the period. Finally, Atomi Financial Group Inc. boosted its stake in Infosys by 1.7% during the 4th quarter. Atomi Financial Group Inc. now owns 38,263 shares of the technology company’s stock worth $839,000 after acquiring an additional 655 shares during the last quarter. 16.20% of the stock is currently owned by institutional investors.

Infosys Stock Down 2.3 %

Shares of INFY stock opened at $16.40 on Wednesday. The firm has a market cap of $67.91 billion, a PE ratio of 20.75, a P/E/G ratio of 3.50 and a beta of 0.97. Infosys Limited has a 12 month low of $16.04 and a 12 month high of $23.63. The company’s fifty day simple moving average is $19.78 and its 200-day simple moving average is $21.44.

Infosys (NYSE:INFY) last issued its quarterly earnings results on Thursday, January 16th. The technology company reported $0.19 EPS for the quarter, hitting the consensus estimate of $0.19. Infosys had a net margin of 17.28% and a return on equity of 31.60%. During the same quarter in the previous year, the firm posted $0.18 EPS. On average, equities analysts predict that Infosys Limited will post 0.74 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Guggenheim reaffirmed a “neutral” rating on shares of Infosys in a research note on Friday, January 17th. StockNews.com raised shares of Infosys from a “hold” rating to a “buy” rating in a research report on Monday. Finally, CLSA upgraded shares of Infosys from a “hold” rating to an “outperform” rating in a report on Friday, March 7th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Infosys currently has a consensus rating of “Hold” and an average price target of $19.70.

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.