Mitsubishi UFJ Trust & Banking Corp Has $1.30 Million Holdings in Infosys Limited (NYSE:INFY)

Mitsubishi UFJ Trust & Banking Corp lessened its stake in shares of Infosys Limited (NYSE:INFY) by 16.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 59,477 shares of the technology company’s stock after selling 11,401 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Infosys were worth $1,304,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Sierra Ocean LLC bought a new position in shares of Infosys in the fourth quarter valued at approximately $29,000. Brooklyn Investment Group acquired a new position in Infosys in the fourth quarter worth $52,000. Wilmington Savings Fund Society FSB acquired a new position in Infosys in the third quarter worth $57,000. Farther Finance Advisors LLC grew its holdings in shares of Infosys by 69.7% during the fourth quarter. Farther Finance Advisors LLC now owns 3,115 shares of the technology company’s stock worth $68,000 after purchasing an additional 1,279 shares during the last quarter. Finally, GAMMA Investing LLC raised its holdings 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 valued at $99,000 after buying an additional 560 shares during the last quarter. Institutional investors and hedge funds own 16.20% of the company’s stock.

Infosys Trading Down 0.3 %

Infosys stock opened at $18.20 on Wednesday. The firm has a market capitalization of $75.37 billion, a P/E ratio of 23.03, a PEG ratio of 3.50 and a beta of 1.01. The business has a 50-day moving average of $20.34 and a 200-day moving average of $21.68. Infosys Limited has a 1 year low of $16.04 and a 1 year high of $23.63.

Infosys (NYSE:INFY) last issued its earnings results on Thursday, January 16th. The technology company reported $0.19 EPS for the quarter, meeting 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 in the prior year, the firm earned $0.18 earnings per share. Research analysts anticipate that Infosys Limited will post 0.74 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have commented on INFY. StockNews.com lowered shares of Infosys from a “buy” rating to a “hold” rating in a report on Thursday, March 20th. CLSA upgraded shares of Infosys from a “hold” rating to an “outperform” rating in a research report on Friday, March 7th. Hsbc Global Res upgraded Infosys from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 9th. HSBC upgraded Infosys from a “hold” rating to a “buy” rating in a research report on Monday, December 9th. Finally, Guggenheim reiterated a “neutral” rating on shares of Infosys in a report on Friday, January 17th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $19.70.

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.