Krane Funds Advisors LLC Cuts Stock Holdings in Infosys Limited (NYSE:INFY)

Krane Funds Advisors LLC cut its holdings in shares of Infosys Limited (NYSE:INFY) by 16.5% during the fourth quarter, HoldingsChannel.com reports. The fund owned 64,672 shares of the technology company’s stock after selling 12,747 shares during the period. Infosys accounts for about 0.1% of Krane Funds Advisors LLC’s holdings, making the stock its 29th largest holding. Krane Funds Advisors LLC’s holdings in Infosys were worth $1,418,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in INFY. FMR LLC raised its position in shares of Infosys by 77.8% during the 3rd quarter. FMR LLC now owns 170,704 shares of the technology company’s stock valued at $3,802,000 after buying an additional 74,697 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Infosys by 62.6% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 514,838 shares of the technology company’s stock valued at $11,465,000 after purchasing an additional 198,192 shares during the period. Captrust Financial Advisors grew its stake in shares of Infosys by 32.5% in the third quarter. Captrust Financial Advisors now owns 21,718 shares of the technology company’s stock worth $484,000 after acquiring an additional 5,325 shares in the last quarter. Benjamin Edwards Inc. purchased a new stake in Infosys during the 3rd quarter worth about $232,000. Finally, Quantinno Capital Management LP grew its holdings in Infosys by 47.4% during the 3rd quarter. Quantinno Capital Management LP now owns 86,985 shares of the technology company’s stock worth $1,937,000 after acquiring an additional 27,972 shares in the last quarter. 16.20% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Infosys Stock Down 4.5 %

Shares of NYSE INFY opened at $16.58 on Monday. The firm’s 50-day simple moving average is $20.08 and its 200 day simple moving average is $21.56. The stock has a market cap of $68.66 billion, a P/E ratio of 20.98, a P/E/G ratio of 3.50 and a beta of 0.97. Infosys Limited has a fifty-two week low of $16.04 and a fifty-two week high of $23.63.

Infosys (NYSE:INFY) last posted its quarterly earnings results on Thursday, January 16th. The technology company reported $0.19 earnings per share (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 period last year, the business earned $0.18 EPS. On average, sell-side analysts anticipate that Infosys Limited will post 0.74 earnings per share for the current fiscal year.

Infosys Company 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.