Virtu Financial LLC Reduces Position in Infosys Ltd (INFY)
Virtu Financial LLC lowered its holdings in shares of Infosys Ltd (NYSE:INFY) by 77.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,256 shares of the technology company’s stock after selling 46,732 shares during the period. Virtu Financial LLC’s holdings in Infosys were worth $215,000 at the end of the most recent reporting period.
A number of other large investors have also bought and sold shares of INFY. Equity Investment Corp raised its holdings in Infosys by 50.2% in the third quarter. Equity Investment Corp now owns 15,100 shares of the technology company’s stock worth $220,000 after buying an additional 5,050 shares during the last quarter. Foster & Motley Inc. raised its holdings in Infosys by 28.2% in the fourth quarter. Foster & Motley Inc. now owns 14,628 shares of the technology company’s stock worth $237,000 after buying an additional 3,221 shares during the last quarter. Quantitative Systematic Strategies LLC purchased a new position in Infosys in the fourth quarter worth about $271,000. The Manufacturers Life Insurance Company raised its holdings in Infosys by 2.2% in the second quarter. The Manufacturers Life Insurance Company now owns 18,729 shares of the technology company’s stock worth $282,000 after buying an additional 395 shares during the last quarter. Finally, Sompo Japan Nipponkoa Asset Management CO. LTD. purchased a new position in Infosys in the third quarter worth about $293,000. 19.69% of the stock is currently owned by institutional investors and hedge funds.
INFY stock opened at $18.21 on Wednesday. Infosys Ltd has a twelve month low of $13.88 and a twelve month high of $18.71. The firm has a market cap of $39,073.11, a P/E ratio of 18.35, a PEG ratio of 1.98 and a beta of 0.57.
Several brokerages have issued reports on INFY. UBS raised shares of Infosys from a “neutral” rating to a “buy” rating in a report on Monday, January 22nd. ValuEngine raised shares of Infosys from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Zacks Investment Research cut shares of Infosys from a “buy” rating to a “hold” rating in a report on Wednesday, January 17th. Susquehanna Bancshares reaffirmed a “negative” rating on shares of Infosys in a report on Monday, February 5th. Finally, Goldman Sachs raised shares of Infosys from a “neutral” rating to a “buy” rating in a report on Monday, February 5th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the stock. Infosys currently has a consensus rating of “Hold” and a consensus price target of $15.77.
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Infosys Company Profile
Infosys Limited is engaged in consulting, technology, outsourcing and next-generation services. The Company, along with its subsidiaries, provides business information technology services comprising application development and maintenance, independent validation, infrastructure management, engineering services comprising product engineering and life cycle solutions and business process management; consulting and systems integration services comprising consulting, enterprise solutions, systems integration and advanced technologies; products, business platforms and solutions to accelerate intellectual property-led innovation, including Finacle, its banking solution, and offerings in the areas of Analytics, Cloud and Digital Transformation.
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