Oaktree Fund Advisors LLC Sells 14,632 Shares of Infosys Limited (NYSE:INFY)

Oaktree Fund Advisors LLC decreased its holdings in Infosys Limited (NYSE:INFY) by 11.8% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 109,693 shares of the technology company’s stock after selling 14,632 shares during the quarter. Infosys accounts for about 4.0% of Oaktree Fund Advisors LLC’s holdings, making the stock its 11th biggest position. Oaktree Fund Advisors LLC’s holdings in Infosys were worth $2,404,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. SG Americas Securities LLC acquired a new position in shares of Infosys during the 4th quarter worth approximately $311,000. Jones Financial Companies Lllp boosted its stake in shares of Infosys by 15.9% in the fourth quarter. Jones Financial Companies Lllp now owns 7,520 shares of the technology company’s stock valued at $165,000 after buying an additional 1,030 shares during the period. Haven Global Partners LLC acquired a new stake in Infosys during the fourth quarter worth approximately $4,078,000. Nomura Asset Management Co. Ltd. increased its stake in Infosys by 22.5% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 670,907 shares of the technology company’s stock worth $14,941,000 after acquiring an additional 123,083 shares during the period. Finally, Barclays PLC raised its holdings in Infosys by 11.8% in the 3rd quarter. Barclays PLC now owns 2,523,605 shares of the technology company’s stock valued at $56,200,000 after acquiring an additional 266,902 shares in the last quarter. 16.20% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently issued reports on INFY shares. HSBC raised Infosys from a “hold” rating to a “buy” rating in a report on Monday, December 9th. CLSA upgraded shares of Infosys from a “hold” rating to an “outperform” rating in a research note on Friday, March 7th. Guggenheim restated a “neutral” rating on shares of Infosys in a research report on Friday, January 17th. Hsbc Global Res upgraded shares of Infosys from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 9th. Finally, StockNews.com cut shares of Infosys from a “buy” rating to a “hold” rating in a research note on Thursday, March 20th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Infosys has an average rating of “Hold” and a consensus target price of $19.70.

Infosys Price Performance

Shares of Infosys stock opened at $18.17 on Friday. The company’s 50 day moving average price is $20.45 and its two-hundred day moving average price is $21.75. The firm has a market capitalization of $75.26 billion, a P/E ratio of 23.00, a P/E/G ratio of 3.50 and a beta of 1.01. Infosys Limited has a fifty-two week low of $16.04 and a fifty-two week high of $23.63.

Infosys (NYSE:INFY) last issued its quarterly earnings data 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 quarter last year, the company posted $0.18 EPS. On average, analysts expect that Infosys Limited will post 0.74 earnings per share for the current year.

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.