Snowden Capital Advisors LLC Sells 781 Shares of Infosys Limited (NYSE:INFY)

by · The Cerbat Gem

Snowden Capital Advisors LLC lessened its position in shares of Infosys Limited (NYSE:INFY – Free Report) by 3.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 19,027 shares of the technology company’s stock after selling 781 shares during the period. Snowden Capital Advisors LLC’s holdings in Infosys were worth $417,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the stock. Raiffeisen Bank International AG bought a new position in shares of Infosys in the 4th quarter worth $4,631,000. Quantinno Capital Management LP increased its holdings in shares of Infosys by 8.4% in the 4th quarter. Quantinno Capital Management LP now owns 94,323 shares of the technology company’s stock worth $2,068,000 after buying an additional 7,338 shares during the last quarter. Man Group plc increased its holdings in shares of Infosys by 9.1% in the 4th quarter. Man Group plc now owns 5,143,860 shares of the technology company’s stock worth $112,753,000 after buying an additional 428,659 shares during the last quarter. OMERS ADMINISTRATION Corp increased its holdings in shares of Infosys by 88.3% in the 4th quarter. OMERS ADMINISTRATION Corp now owns 166,374 shares of the technology company’s stock worth $3,647,000 after buying an additional 77,995 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Infosys by 25.7% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 59,351 shares of the technology company’s stock worth $1,301,000 after buying an additional 12,125 shares during the last quarter. Institutional investors own 16.20% of the company’s stock.

Analyst Ratings Changes

INFY has been the topic of a number of research analyst reports. The Goldman Sachs Group lowered shares of Infosys from a “buy” rating to a “neutral” rating and set a $17.90 price target on the stock. in a report on Monday, April 21st. BMO Capital Markets decreased their price target on shares of Infosys from $25.00 to $18.00 and set a “market perform” rating on the stock in a report on Monday, April 21st. Stifel Nicolaus decreased their price target on shares of Infosys from $18.00 to $17.00 and set a “hold” rating on the stock in a report on Monday, April 21st. Susquehanna raised shares of Infosys from a “negative” rating to a “neutral” rating and set a $17.00 target price on the stock in a report on Monday, April 14th. Finally, CLSA raised shares of Infosys from a “hold” rating to an “outperform” rating in a report on Friday, March 7th. Six investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $17.48.

Check Out Our Latest Report on INFY

Infosys Stock Performance

INFY stock opened at $18.14 on Thursday. Infosys Limited has a 52 week low of $15.82 and a 52 week high of $23.63. The firm’s fifty day moving average is $17.69 and its 200 day moving average is $20.38. The firm has a market cap of $75.12 billion, a P/E ratio of 22.96, a P/E/G ratio of 3.50 and a beta of 0.98.

Infosys (NYSE:INFY – Get Free Report) last announced its quarterly earnings results on Thursday, April 17th. The technology company reported $0.20 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.01. The business had revenue of $4.79 billion during the quarter, compared to analysts’ expectations of $420.69 billion. Infosys had a net margin of 17.28% and a return on equity of 31.60%. During the same quarter in the prior year, the company posted $0.23 EPS. As a group, analysts forecast that Infosys Limited will post 0.74 EPS for the current year.

Infosys Profile

(Free Report)

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.

Further Reading

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