Infosys Limited (NYSE:INFY) Shares Sold by Vontobel Holding Ltd.

Vontobel Holding Ltd. lowered its stake in shares of Infosys Limited (NYSE:INFY) by 12.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 26,464 shares of the technology company’s stock after selling 3,856 shares during the period. Vontobel Holding Ltd.’s holdings in Infosys were worth $486,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Planned Solutions Inc. acquired a new position in Infosys during the fourth quarter worth $50,000. JFS Wealth Advisors LLC boosted its stake in Infosys by 88.3% during the third quarter. JFS Wealth Advisors LLC now owns 2,945 shares of the technology company’s stock worth $50,000 after buying an additional 1,381 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. acquired a new position in Infosys during the third quarter worth $85,000. Blue Trust Inc. boosted its stake in Infosys by 61.8% during the fourth quarter. Blue Trust Inc. now owns 9,443 shares of the technology company’s stock worth $161,000 after buying an additional 3,606 shares during the last quarter. Finally, Stratos Wealth Partners LTD. acquired a new position in shares of Infosys in the 3rd quarter valued at $172,000. Institutional investors and hedge funds own 10.89% of the company’s stock.

Infosys Trading Up 2.9 %

INFY opened at $17.30 on Tuesday. The stock’s 50-day moving average price is $18.74 and its 200 day moving average price is $18.35. Infosys Limited has a 12-month low of $14.71 and a 12-month high of $20.74. The firm has a market cap of $71.61 billion, a price-to-earnings ratio of 22.76, a PEG ratio of 2.21 and a beta of 0.93.

Infosys (NYSE:INFY) last issued its quarterly earnings results on Thursday, April 18th. The technology company reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.06. Infosys had a return on equity of 32.33% and a net margin of 17.06%. The company had revenue of $4.56 billion for the quarter, compared to the consensus estimate of $4.49 billion. During the same quarter in the prior year, the business earned $0.18 EPS. On average, research analysts forecast that Infosys Limited will post 0.76 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. HSBC reaffirmed a “hold” rating and issued a $20.10 price target on shares of Infosys in a research note on Friday. BNP Paribas assumed coverage on Infosys in a research note on Wednesday, January 17th. They issued an “outperform” rating and a $24.00 price target on the stock. StockNews.com lowered Infosys from a “buy” rating to a “hold” rating in a research note on Tuesday, March 19th. JPMorgan Chase & Co. raised Infosys from a “neutral” rating to an “overweight” rating in a research note on Wednesday, January 3rd. Finally, Bank of America raised Infosys from a “neutral” rating to a “buy” rating in a research note on Tuesday, April 9th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, Infosys presently has an average rating of “Hold” and a consensus price target of $19.27.

Infosys Company Profile

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 management and application development services, independent validation solutions, product engineering and management, infrastructure management services, traditional enterprise application implementation, support, and integration services.