Modera Wealth Management LLC Has $3.92 Million Stock Holdings in Infosys Limited (NYSE:INFY)

Modera Wealth Management LLC trimmed its position in Infosys Limited (NYSE:INFY) by 2.4% in the fourth quarter, Holdings Channel.com reports. The firm owned 178,623 shares of the technology company’s stock after selling 4,405 shares during the period. Modera Wealth Management LLC’s holdings in Infosys were worth $3,915,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in INFY. Robeco Institutional Asset Management B.V. boosted its stake in shares of Infosys by 6.2% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 25,841,022 shares of the technology company’s stock valued at $566,435,000 after purchasing an additional 1,501,039 shares during the last quarter. Fisher Asset Management LLC lifted its holdings in Infosys by 0.7% in the fourth quarter. Fisher Asset Management LLC now owns 14,517,359 shares of the technology company’s stock valued at $318,221,000 after buying an additional 102,341 shares during the period. Franklin Resources Inc. boosted its stake in Infosys by 2.9% in the third quarter. Franklin Resources Inc. now owns 11,272,051 shares of the technology company’s stock valued at $263,315,000 after acquiring an additional 322,648 shares during the last quarter. BNP Paribas Financial Markets grew its holdings in Infosys by 5.1% during the 3rd quarter. BNP Paribas Financial Markets now owns 6,072,537 shares of the technology company’s stock worth $135,235,000 after acquiring an additional 297,183 shares during the period. Finally, Daiwa Securities Group Inc. raised its position in shares of Infosys by 11.8% during the 3rd quarter. Daiwa Securities Group Inc. now owns 5,852,900 shares of the technology company’s stock valued at $130,344,000 after acquiring an additional 618,400 shares during the last quarter. 16.20% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. HSBC upgraded Infosys from a “hold” rating to a “buy” rating in a research report on Monday, December 9th. StockNews.com upgraded Infosys from a “hold” rating to a “buy” rating in a report on Wednesday, January 22nd. Hsbc Global Res raised Infosys from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 9th. Finally, Guggenheim reissued a “neutral” rating on shares of Infosys in a research note on Friday, January 17th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $20.22.

Infosys Price Performance

NYSE:INFY opened at $20.09 on Monday. The business’s 50-day simple moving average is $21.88 and its 200-day simple moving average is $22.28. Infosys Limited has a fifty-two week low of $16.04 and a fifty-two week high of $23.63. The stock has a market capitalization of $83.19 billion, a PE ratio of 25.42, a price-to-earnings-growth ratio of 3.50 and a beta of 1.00.

Infosys (NYSE:INFY) last released its quarterly earnings results on Thursday, January 16th. The technology company reported $0.19 earnings per share for the quarter, meeting 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 period in the previous year, the firm earned $0.18 earnings per share. On average, research analysts expect that Infosys Limited will post 0.74 earnings per share for the current year.

Infosys Company 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.