Infosys Limited (NYSE:INFY) Shares Sold by Cable Hill Partners LLC

Cable Hill Partners LLC cut its position in Infosys Limited (NYSE:INFY) by 4.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 16,151 shares of the technology company’s stock after selling 723 shares during the quarter. Cable Hill Partners LLC’s holdings in Infosys were worth $354,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Sierra Ocean LLC purchased a new stake in Infosys during the 4th quarter valued at approximately $29,000. Mizuho Securities Co. Ltd. purchased a new stake in Infosys during the 3rd quarter valued at approximately $33,000. Brooklyn Investment Group purchased a new stake in Infosys during the 4th quarter valued at approximately $52,000. Wilmington Savings Fund Society FSB purchased a new stake in Infosys during the 3rd quarter valued at approximately $57,000. Finally, GAMMA Investing LLC raised its stake in Infosys by 14.2% during 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. 16.20% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Infosys Price Performance

INFY opened at $20.76 on Thursday. The stock has a market cap of $85.97 billion, a P/E ratio of 26.27, a P/E/G ratio of 3.50 and a beta of 1.00. The stock’s 50 day simple moving average is $22.00 and its 200 day simple moving average is $22.29. Infosys Limited has a 1-year low of $16.04 and a 1-year high of $23.63.

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, 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. Research analysts expect that Infosys Limited will post 0.74 EPS for the current fiscal 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.