Amundi Sells 363,991 Shares of Infosys Limited (NYSE:INFY)

Amundi decreased its position in shares of Infosys Limited (NYSE:INFY) by 17.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,773,275 shares of the technology company’s stock after selling 363,991 shares during the period. Amundi’s holdings in Infosys were worth $40,395,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in INFY. Sierra Ocean LLC bought a new stake in Infosys during the 4th quarter worth approximately $29,000. Mizuho Securities Co. Ltd. bought a new stake in Infosys during the 3rd quarter worth approximately $33,000. Brooklyn Investment Group bought a new stake in Infosys during the 4th quarter worth approximately $52,000. Wilmington Savings Fund Society FSB purchased a new stake in Infosys during the 3rd quarter valued at approximately $57,000. Finally, GAMMA Investing LLC grew its holdings in Infosys by 14.2% during the 4th quarter. GAMMA Investing LLC now owns 4,496 shares of the technology company’s stock valued at $99,000 after buying an additional 560 shares in the last quarter. Institutional investors own 16.20% of the company’s stock.

Infosys Stock Performance

INFY stock opened at $18.51 on Thursday. The firm has a fifty day moving average price of $21.42 and a 200 day moving average price of $22.13. Infosys Limited has a fifty-two week low of $16.04 and a fifty-two week high of $23.63. The firm has a market cap of $76.65 billion, a PE ratio of 23.42, a price-to-earnings-growth ratio of 3.50 and a beta of 1.01.

Infosys (NYSE:INFY) last posted its quarterly earnings data on Thursday, January 16th. The technology company reported $0.19 EPS for the quarter, hitting the consensus estimate 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 earnings per share. On average, equities analysts predict that Infosys Limited will post 0.74 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on INFY shares. Hsbc Global Res raised shares of Infosys from a “hold” rating to a “strong-buy” rating in a report on Monday, December 9th. HSBC raised shares of Infosys from a “hold” rating to a “buy” rating in a report on Monday, December 9th. StockNews.com lowered shares of Infosys from a “buy” rating to a “hold” rating in a report on Monday. CLSA raised shares of Infosys from a “hold” rating to an “outperform” rating in a report on Friday, March 7th. Finally, Guggenheim reaffirmed a “neutral” rating on shares of Infosys in a report on Friday, January 17th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $20.22.

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.