C WorldWide Group Holding A S Sells 17,547 Shares of Infosys Limited (NYSE:INFY)

C WorldWide Group Holding A S lessened its holdings in Infosys Limited (NYSE:INFY) by 2.0% in the fourth quarter, Holdings Channel reports. The firm owned 852,969 shares of the technology company’s stock after selling 17,547 shares during the period. C WorldWide Group Holding A S’s holdings in Infosys were worth $18,697,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of INFY. International Assets Investment Management LLC bought a new position in Infosys in the 3rd quarter valued at $16,560,000. Mount Yale Investment Advisors LLC bought a new position in shares of Infosys during the 3rd quarter worth $282,000. Wealth Enhancement Advisory Services LLC grew its stake in shares of Infosys by 188.9% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 87,794 shares of the technology company’s stock worth $1,955,000 after acquiring an additional 57,400 shares during the period. Modera Wealth Management LLC grew its stake in shares of Infosys by 0.4% during the 3rd quarter. Modera Wealth Management LLC now owns 183,028 shares of the technology company’s stock worth $4,076,000 after acquiring an additional 653 shares during the period. Finally, abrdn plc grew its stake in shares of Infosys by 164.4% during the 3rd quarter. abrdn plc now owns 321,227 shares of the technology company’s stock worth $7,123,000 after acquiring an additional 199,748 shares during the period. Institutional investors own 16.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. HSBC upgraded Infosys from a “hold” rating to a “buy” rating in a research note on Monday, December 9th. Hsbc Global Res upgraded Infosys from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 9th. StockNews.com upgraded Infosys from a “hold” rating to a “buy” rating in a research note on Wednesday, January 22nd. Finally, Guggenheim reiterated 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, three have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Infosys presently has a consensus rating of “Hold” and an average target price of $20.22.

Infosys Stock Performance

Shares of INFY opened at $21.17 on Monday. The stock’s 50-day simple moving average is $22.13 and its 200 day simple moving average is $22.31. The stock has a market capitalization of $87.67 billion, a price-to-earnings ratio of 26.79, a price-to-earnings-growth ratio of 3.50 and a beta of 1.00. Infosys Limited has a 52-week low of $16.04 and a 52-week 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, meeting the consensus estimate of $0.19. Infosys had a return on equity of 31.60% and a net margin of 17.28%. During the same period in the previous year, the company posted $0.18 EPS. On average, research analysts forecast 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.