Blue Trust Inc. Sells 15,525 Shares of Infosys Limited (NYSE:INFY)

Blue Trust Inc. reduced its position in shares of Infosys Limited (NYSE:INFY) by 32.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 31,660 shares of the technology company’s stock after selling 15,525 shares during the period. Blue Trust Inc.’s holdings in Infosys were worth $694,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in INFY. Mizuho Securities Co. Ltd. bought a new position in Infosys during the 3rd quarter valued at about $33,000. Brooklyn Investment Group bought a new position in Infosys during the 4th quarter valued at about $52,000. Wilmington Savings Fund Society FSB bought a new position in shares of Infosys in the third quarter worth about $57,000. Whittier Trust Co. of Nevada Inc. raised its stake in shares of Infosys by 25.3% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 3,795 shares of the technology company’s stock worth $85,000 after acquiring an additional 766 shares during the last quarter. Finally, GAMMA Investing LLC raised its stake in shares of Infosys by 14.2% in the fourth quarter. GAMMA Investing LLC now owns 4,496 shares of the technology company’s stock worth $99,000 after acquiring an additional 560 shares during the last quarter. 16.20% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. StockNews.com raised shares of Infosys from a “hold” rating to a “buy” rating in a research note on Wednesday, January 22nd. Guggenheim reiterated a “neutral” rating on shares of Infosys in a research report on Friday, January 17th. Hsbc Global Res upgraded shares of Infosys from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 9th. Finally, HSBC upgraded shares of Infosys from a “hold” rating to a “buy” rating in a research report on Monday, December 9th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Infosys has a consensus rating of “Hold” and an average price target of $20.22.

Infosys Stock Performance

Shares of NYSE INFY opened at $21.58 on Monday. The stock has a market cap of $89.36 billion, a P/E ratio of 27.31, a P/E/G ratio of 3.64 and a beta of 1.00. The firm has a 50 day moving average price of $22.33 and a 200 day moving average price of $22.31. Infosys Limited has a 52-week low of $16.04 and a 52-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, meeting analysts’ consensus estimates 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 company earned $0.18 earnings per share. Analysts predict that Infosys Limited will post 0.74 earnings per share for the current fiscal year.

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.