Leonteq Securities AG Sells 120,977 Shares of Infosys Ltd. $INFY

Leonteq Securities AG lessened its position in Infosys Ltd. (NYSE:INFY) by 90.5% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,772 shares of the technology company’s stock after selling 120,977 shares during the period. Leonteq Securities AG’s holdings in Infosys were worth $173,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in INFY. Able Wealth Management LLC bought a new position in Infosys in the 1st quarter valued at approximately $163,000. Keybank National Association OH bought a new stake in Infosys during the 1st quarter worth approximately $205,000. Dynamic Technology Lab Private Ltd acquired a new position in Infosys in the 1st quarter valued at approximately $239,000. Deltec Asset Management LLC increased its position in Infosys by 13.6% in the 1st quarter. Deltec Asset Management LLC now owns 58,500 shares of the technology company’s stock valued at $790,000 after acquiring an additional 7,000 shares during the period. Finally, NewEdge Advisors LLC raised its stake in shares of Infosys by 79.9% during the first quarter. NewEdge Advisors LLC now owns 54,978 shares of the technology company’s stock valued at $1,003,000 after acquiring an additional 24,426 shares during the last quarter. 16.20% of the stock is owned by institutional investors and hedge funds.

Infosys Stock Up 4.9%

Infosys stock traded up $0.54 during trading hours on Tuesday, reaching $11.42. 1,779,736 shares of the company’s stock were exchanged, compared to its average volume of 17,891,779. The firm’s 50 day simple moving average is $11.99 and its 200 day simple moving average is $14.46. Infosys Ltd. has a twelve month low of $10.34 and a twelve month high of $30.00. The firm has a market capitalization of $46.20 billion, a PE ratio of 14.27, a PEG ratio of 1.45 and a beta of 0.90.

Infosys (NYSE:INFY) last announced its quarterly earnings data on Wednesday, April 1st. The technology company reported $0.23 earnings per share (EPS) for the quarter. Infosys had a return on equity of 32.64% and a net margin of 16.44%.The company had revenue of $5.04 billion for the quarter. Analysts anticipate that Infosys Ltd. will post 0.83 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. Wells Fargo & Company set a $11.00 price objective on shares of Infosys and gave the stock an “equal weight” rating in a research note on Friday, June 26th. Stifel Nicolaus set a $15.00 target price on Infosys in a research report on Thursday, April 23rd. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Infosys in a report on Monday, June 8th. JPMorgan Chase & Co. reduced their price target on Infosys from $16.80 to $12.70 and set an “overweight” rating on the stock in a research report on Wednesday, June 24th. Finally, Susquehanna lowered their price objective on Infosys from $16.00 to $14.00 and set a “neutral” rating for the company in a research report on Friday, April 24th. One analyst has rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $13.63.

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. The company was founded by Dinesh Krishnan Swamy, Senapathy Gopalakrishnan, Narayana Ramarao Nagavara Murthy, Raghavan N. S., Ashok Arora, Nandan M. Nilekani, and S. D. Shibulal on July 2, 1981 and is headquartered in Bangalore, India.