Congress Wealth Management LLC DE Sells 1,546 Shares of Infosys Limited (NYSE:INFY)

Congress Wealth Management LLC DE lowered its stake in shares of Infosys Limited (NYSE:INFY) by 5.6% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 25,942 shares of the technology company’s stock after selling 1,546 shares during the period. Congress Wealth Management LLC DE’s holdings in Infosys were worth $569,000 as of its most recent SEC filing.

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

Infosys Price Performance

Shares of NYSE INFY opened at $18.17 on Friday. The stock has a market cap of $75.26 billion, a PE ratio of 23.00, a price-to-earnings-growth ratio of 3.50 and a beta of 1.01. Infosys Limited has a 1 year low of $16.04 and a 1 year high of $23.63. The firm has a fifty day moving average price of $20.45 and a 200-day moving average price of $21.76.

Infosys (NYSE:INFY) last issued its quarterly earnings results on Thursday, January 16th. The technology company reported $0.19 earnings per share (EPS) 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 period last year, the firm posted $0.18 earnings per share. On average, research analysts expect that Infosys Limited will post 0.74 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. StockNews.com downgraded Infosys from a “buy” rating to a “hold” rating in a report on Thursday, March 20th. CLSA raised shares of Infosys from a “hold” rating to an “outperform” rating in a report on Friday, March 7th. Hsbc Global Res raised shares of Infosys from a “hold” rating to a “strong-buy” rating in a report on Monday, December 9th. Guggenheim reiterated a “neutral” rating on shares of Infosys in a research note on Friday, January 17th. Finally, HSBC upgraded Infosys from a “hold” rating to a “buy” rating in a research note on Monday, December 9th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Infosys presently has an average rating of “Hold” and an average target price of $19.70.

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.