Bridgewater Advisors Inc. Sells 534 Shares of Infosys Limited (NYSE:INFY)

Bridgewater Advisors Inc. cut its holdings in shares of Infosys Limited (NYSE:INFY) by 1.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 30,608 shares of the technology company’s stock after selling 534 shares during the quarter. Bridgewater Advisors Inc.’s holdings in Infosys were worth $689,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Robeco Institutional Asset Management B.V. boosted its holdings in Infosys by 68.8% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 24,339,983 shares of the technology company’s stock worth $542,051,000 after buying an additional 9,923,744 shares during the period. Victory Capital Management Inc. raised its stake in shares of Infosys by 6,071.1% during the 3rd quarter. Victory Capital Management Inc. now owns 4,739,830 shares of the technology company’s stock valued at $105,556,000 after purchasing an additional 4,663,023 shares during the period. Millennium Management LLC grew its holdings in Infosys by 67.9% during the 2nd quarter. Millennium Management LLC now owns 7,601,073 shares of the technology company’s stock valued at $141,532,000 after buying an additional 3,074,432 shares in the last quarter. Public Employees Retirement System of Ohio bought a new stake in shares of Infosys during the third quarter valued at about $36,039,000. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of Infosys by 186.3% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,186,685 shares of the technology company’s stock worth $48,697,000 after buying an additional 1,422,814 shares in the last quarter. Institutional investors own 16.20% of the company’s stock.

Infosys Trading Down 1.9 %

Shares of INFY stock opened at $21.16 on Monday. The company’s fifty day moving average price is $22.53 and its 200-day moving average price is $22.19. The stock has a market cap of $87.65 billion, a PE ratio of 27.13, a price-to-earnings-growth ratio of 3.71 and a beta of 1.00. Infosys Limited has a 12 month low of $16.04 and a 12 month high of $23.63.

Infosys (NYSE:INFY) last announced 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 net margin of 17.15% and a return on equity of 31.43%. During the same period in the previous year, the firm earned $0.18 EPS. On average, sell-side analysts forecast that Infosys Limited will post 0.74 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have commented on INFY shares. BMO Capital Markets raised their price target on shares of Infosys from $23.00 to $25.00 and gave the company a “market perform” rating in a report on Friday, October 18th. HSBC raised shares of Infosys from a “hold” rating to a “buy” rating in a report on Monday, December 9th. Investec downgraded shares of Infosys from a “hold” rating to a “sell” rating in a report on Thursday, October 3rd. Guggenheim reissued a “neutral” rating on shares of Infosys in a research note on Friday. Finally, Hsbc Global Res raised Infosys from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 9th. Two analysts have rated the stock with a sell rating, four have given a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $20.22.

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.