Henry James International Management Inc. Lowers Holdings in Infosys Limited (NYSE:INFY)

Henry James International Management Inc. lessened its stake in Infosys Limited (NYSE:INFY) by 0.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 107,515 shares of the technology company’s stock after selling 625 shares during the quarter. Henry James International Management Inc.’s holdings in Infosys were worth $2,357,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in INFY. SVB Wealth LLC purchased a new stake in shares of Infosys during the 4th quarter worth about $290,000. QRG Capital Management Inc. boosted its holdings in Infosys by 10.1% in the 4th quarter. QRG Capital Management Inc. now owns 58,269 shares of the technology company’s stock worth $1,277,000 after buying an additional 5,323 shares during the last quarter. Proficio Capital Partners LLC acquired a new position in Infosys in the 4th quarter valued at $703,000. NewEdge Wealth LLC lifted its holdings in Infosys by 419.9% in the 4th quarter. NewEdge Wealth LLC now owns 87,105 shares of the technology company’s stock valued at $1,909,000 after purchasing an additional 70,350 shares in the last quarter. Finally, BHK Investment Advisors LLC boosted its stake in Infosys by 2.3% during the 4th quarter. BHK Investment Advisors LLC now owns 22,785 shares of the technology company’s stock worth $499,000 after purchasing an additional 507 shares during the last quarter. 16.20% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. Hsbc Global Res upgraded Infosys from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 9th. StockNews.com upgraded Infosys from a “hold” rating to a “buy” rating in a report on Wednesday, January 22nd. HSBC raised shares of Infosys from a “hold” rating to a “buy” rating in a research note on Monday, December 9th. Finally, Guggenheim reissued a “neutral” rating on shares of Infosys in a research report on Friday, January 17th. Two analysts have rated the stock with a sell rating, three have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Infosys has a consensus rating of “Hold” and a consensus price target of $20.22.

Infosys Price Performance

Shares of NYSE INFY opened at $20.09 on Friday. The stock’s 50-day moving average is $21.88 and its two-hundred day moving average is $22.27. The company has a market cap of $83.19 billion, a price-to-earnings ratio of 25.42, a price-to-earnings-growth ratio of 3.50 and a beta of 1.00. Infosys Limited has a 1-year low of $16.04 and a 1-year high of $23.63.

Infosys (NYSE:INFY) last released its 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 net margin of 17.28% and a return on equity of 31.60%. During the same quarter last year, the business earned $0.18 EPS. Equities research analysts anticipate that Infosys Limited will post 0.74 earnings per share 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.