Bridgewater Advisors Inc. Sells 534 Shares of Infosys Limited (NYSE:INFY)

Bridgewater Advisors Inc. lessened its holdings in Infosys Limited (NYSE:INFY) by 1.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 30,608 shares of the technology company’s stock after selling 534 shares during the quarter. Bridgewater Advisors Inc.’s holdings in Infosys were worth $689,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Diversify Wealth Management LLC bought a new stake in Infosys in the fourth quarter valued at approximately $787,000. Aaron Wealth Advisors LLC lifted its position in shares of Infosys by 18.6% in the 4th quarter. Aaron Wealth Advisors LLC now owns 14,932 shares of the technology company’s stock worth $327,000 after purchasing an additional 2,340 shares during the period. Financial & Tax Architects LLC boosted its stake in shares of Infosys by 10.7% in the 4th quarter. Financial & Tax Architects LLC now owns 28,222 shares of the technology company’s stock valued at $619,000 after purchasing an additional 2,719 shares during the last quarter. Brooklyn Investment Group acquired a new stake in shares of Infosys during the fourth quarter worth $52,000. Finally, Ritholtz Wealth Management raised its stake in Infosys by 14.9% during the fourth quarter. Ritholtz Wealth Management now owns 47,831 shares of the technology company’s stock worth $1,048,000 after buying an additional 6,193 shares during the last quarter. Institutional investors own 16.20% of the company’s stock.

Infosys Stock Performance

INFY stock opened at $21.16 on Monday. The business has a 50-day simple moving average of $22.53 and a two-hundred day simple moving average of $22.19. The company has a market capitalization of $87.65 billion, a P/E ratio of 27.13, a price-to-earnings-growth ratio of 3.71 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 issued its quarterly earnings data on Thursday, January 16th. The technology company reported $0.19 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.19. Infosys had a net margin of 17.15% and a return on equity of 31.43%. During the same period in the prior year, the business posted $0.18 earnings per share. As a group, sell-side analysts forecast that Infosys Limited will post 0.74 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have commented on the stock. BMO Capital Markets upped their price target on shares of Infosys from $23.00 to $25.00 and gave the company a “market perform” rating in a research report on Friday, October 18th. StockNews.com downgraded Infosys from a “buy” rating to a “hold” rating in a report on Friday, January 3rd. Guggenheim restated a “neutral” rating on shares of Infosys in a report on Friday. Hsbc Global Res upgraded shares of Infosys from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 9th. Finally, HSBC raised shares of Infosys from a “hold” rating to a “buy” rating in a research note on Monday, December 9th. Two analysts have rated the stock with a sell rating, four have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Infosys currently has a consensus rating of “Hold” and a consensus target price of $20.22.

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.