StoneX Group Inc. Sells 2,865 Shares of Infosys Limited (NYSE:INFY)

StoneX Group Inc. reduced its position in Infosys Limited (NYSE:INFY) by 6.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 41,074 shares of the technology company’s stock after selling 2,865 shares during the quarter. StoneX Group Inc.’s holdings in Infosys were worth $900,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the company. SG Americas Securities LLC bought a new position in shares of Infosys during the 4th quarter worth approximately $311,000. Jones Financial Companies Lllp boosted its stake in Infosys by 15.9% during the fourth quarter. Jones Financial Companies Lllp now owns 7,520 shares of the technology company’s stock worth $165,000 after acquiring an additional 1,030 shares in the last quarter. Haven Global Partners LLC bought a new stake in Infosys in the fourth quarter valued at $4,078,000. Nomura Asset Management Co. Ltd. raised its holdings in shares of Infosys by 22.5% during the third quarter. Nomura Asset Management Co. Ltd. now owns 670,907 shares of the technology company’s stock valued at $14,941,000 after purchasing an additional 123,083 shares during the period. Finally, Barclays PLC boosted its position in shares of Infosys by 11.8% during the 3rd quarter. Barclays PLC now owns 2,523,605 shares of the technology company’s stock worth $56,200,000 after purchasing an additional 266,902 shares in the last quarter. 16.20% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Hsbc Global Res raised Infosys from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 9th. Guggenheim restated a “neutral” rating on shares of Infosys in a report on Friday, January 17th. StockNews.com cut Infosys from a “buy” rating to a “hold” rating in a report on Thursday, March 20th. HSBC upgraded shares of Infosys from a “hold” rating to a “buy” rating in a research note on Monday, December 9th. Finally, CLSA raised shares of Infosys from a “hold” rating to an “outperform” rating in a research note on Friday, March 7th. 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 stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $19.70.

Infosys Trading Up 1.2 %

Shares of NYSE:INFY opened at $18.41 on Thursday. The stock has a market cap of $76.26 billion, a PE ratio of 23.30, a price-to-earnings-growth ratio of 3.50 and a beta of 1.01. The stock’s fifty day simple moving average is $20.27 and its two-hundred day simple moving average is $21.65. Infosys Limited has a 1-year low of $16.04 and a 1-year high of $23.63.

Infosys (NYSE:INFY) last released its quarterly earnings results on Thursday, January 16th. The technology company reported $0.19 earnings per share 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 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.

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.