StoneX Group Inc. Sells 2,865 Shares of Infosys Limited (NYSE:INFY)

StoneX Group Inc. trimmed its holdings in shares of Infosys Limited (NYSE:INFY) by 6.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 41,074 shares of the technology company’s stock after selling 2,865 shares during the quarter. StoneX Group Inc.’s holdings in Infosys were worth $900,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of INFY. Sierra Ocean LLC bought a new position in shares of Infosys in the fourth quarter worth $29,000. Brooklyn Investment Group bought a new position in Infosys in the 4th quarter valued at about $52,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Infosys in the 3rd quarter valued at approximately $57,000. Farther Finance Advisors LLC lifted its holdings in shares of Infosys by 69.7% during the 4th quarter. Farther Finance Advisors LLC now owns 3,115 shares of the technology company’s stock worth $68,000 after acquiring an additional 1,279 shares during the period. Finally, GAMMA Investing LLC boosted its position in shares of Infosys by 14.2% during the 4th quarter. GAMMA Investing LLC now owns 4,496 shares of the technology company’s stock worth $99,000 after acquiring an additional 560 shares in the last quarter. Institutional investors and hedge funds own 16.20% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on INFY shares. Guggenheim restated a “neutral” rating on shares of Infosys in a research note on Friday, January 17th. CLSA raised Infosys from a “hold” rating to an “outperform” rating in a research note on Friday, March 7th. HSBC upgraded Infosys from a “hold” rating to a “buy” rating in a research report on Monday, December 9th. Hsbc Global Res raised shares of Infosys from a “hold” rating to a “strong-buy” rating in a report on Monday, December 9th. Finally, StockNews.com lowered shares of Infosys from a “buy” rating to a “hold” rating in a report on Thursday, March 20th. 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. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $19.70.

Infosys Trading Up 1.2 %

NYSE:INFY opened at $18.41 on Thursday. The stock’s 50-day moving average is $20.27 and its 200-day moving average is $21.65. The stock has a market cap of $76.26 billion, a P/E ratio of 23.30, a price-to-earnings-growth ratio of 3.50 and a beta of 1.01. Infosys Limited has a 1-year low of $16.04 and a 1-year high of $23.63.

Infosys (NYSE:INFY) last announced its quarterly earnings results on Thursday, January 16th. The technology company reported $0.19 earnings per share (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 previous year, the company posted $0.18 earnings per share. As a group, equities analysts forecast that Infosys Limited will post 0.74 EPS for the current 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.