Mitsubishi UFJ Trust & Banking Corp Sells 11,401 Shares of Infosys Limited (NYSE:INFY)

Mitsubishi UFJ Trust & Banking Corp trimmed its stake in shares of Infosys Limited (NYSE:INFY) by 16.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 59,477 shares of the technology company’s stock after selling 11,401 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in Infosys were worth $1,304,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Robeco Institutional Asset Management B.V. grew its stake in shares of Infosys by 6.2% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 25,841,022 shares of the technology company’s stock worth $566,435,000 after acquiring an additional 1,501,039 shares in the last quarter. Fisher Asset Management LLC grew its position in Infosys by 0.7% in the fourth quarter. Fisher Asset Management LLC now owns 14,517,359 shares of the technology company’s stock valued at $318,221,000 after purchasing an additional 102,341 shares in the last quarter. Franklin Resources Inc. increased its stake in Infosys by 2.9% in the 3rd quarter. Franklin Resources Inc. now owns 11,272,051 shares of the technology company’s stock valued at $263,315,000 after buying an additional 322,648 shares during the last quarter. American Century Companies Inc. lifted its position in Infosys by 31.3% during the 4th quarter. American Century Companies Inc. now owns 4,603,993 shares of the technology company’s stock worth $100,920,000 after buying an additional 1,097,105 shares in the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich boosted its stake in shares of Infosys by 1,668.3% during the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 3,228,211 shares of the technology company’s stock worth $75,470,000 after buying an additional 3,045,656 shares during the last quarter. 16.20% of the stock is owned by institutional investors.

Infosys Price Performance

Shares of INFY opened at $18.20 on Wednesday. The firm has a market capitalization of $75.37 billion, a PE ratio of 23.03, a PEG ratio of 3.50 and a beta of 1.01. The company’s 50-day moving average is $20.34 and its 200-day moving average is $21.68. 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 (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 quarter in the previous year, the firm earned $0.18 earnings per share. Analysts predict that Infosys Limited will post 0.74 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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