Infosys Ltd. $INFY Position Reduced by XY Capital Ltd

XY Capital Ltd trimmed its position in Infosys Ltd. (NYSE:INFY) by 79.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 65,498 shares of the technology company’s stock after selling 254,167 shares during the quarter. Infosys makes up approximately 0.7% of XY Capital Ltd’s portfolio, making the stock its 21st largest position. XY Capital Ltd’s holdings in Infosys were worth $687,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in INFY. Lazard Asset Management LLC raised its holdings in shares of Infosys by 17.0% during the first quarter. Lazard Asset Management LLC now owns 26,776,494 shares of the technology company’s stock valued at $361,750,000 after acquiring an additional 3,893,801 shares during the period. Trinity Street Asset Management LLP boosted its stake in Infosys by 45.5% in the 1st quarter. Trinity Street Asset Management LLP now owns 14,938,546 shares of the technology company’s stock worth $201,820,000 after purchasing an additional 4,674,742 shares during the period. Dimensional Fund Advisors LP boosted its stake in Infosys by 0.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 7,789,344 shares of the technology company’s stock worth $105,206,000 after purchasing an additional 52,393 shares during the period. Bank of America Corp DE grew its position in Infosys by 7.4% during the 1st quarter. Bank of America Corp DE now owns 6,790,666 shares of the technology company’s stock worth $91,742,000 after purchasing an additional 469,843 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its position in Infosys by 8.7% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 6,490,358 shares of the technology company’s stock worth $87,685,000 after purchasing an additional 521,169 shares in the last quarter. 16.20% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently issued reports on INFY shares. BMO Capital Markets restated a “market perform” rating and issued a $12.00 target price (down from $13.00) on shares of Infosys in a report on Friday, July 24th. TD Cowen reaffirmed a “hold” rating and issued a $9.00 target price (down from $10.00) on shares of Infosys in a research report on Friday, July 24th. Jefferies Financial Group reiterated a “hold” rating on shares of Infosys in a report on Monday, August 31st. Wells Fargo & Company set a $11.00 price target on Infosys and gave the company an “equal weight” rating in a research report on Friday, June 26th. Finally, Susquehanna reduced their price objective on Infosys from $12.00 to $11.00 and set a “neutral” rating for the company in a research note on Friday, July 24th. Nine research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Reduce” and an average target price of $11.59.

Infosys Price Performance

Infosys stock opened at $11.66 on Friday. Infosys Ltd. has a one year low of $10.30 and a one year high of $30.00. The company’s fifty day moving average price is $11.70 and its two-hundred day moving average price is $12.56. The company has a market capitalization of $47.22 billion, a price-to-earnings ratio of 14.40, a PEG ratio of 2.73 and a beta of 0.87.

Infosys (NYSE:INFY) last released its quarterly earnings results on Thursday, July 23rd. The technology company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.01). The company had revenue of $4.99 billion for the quarter, compared to the consensus estimate of $5.08 billion. Infosys had a return on equity of 33.91% and a net margin of 16.38%. As a group, sell-side analysts anticipate that Infosys Ltd. will post 0.81 earnings per share for the current year.

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. The company was founded by Dinesh Krishnan Swamy, Senapathy Gopalakrishnan, Narayana Ramarao Nagavara Murthy, Raghavan N. S., Ashok Arora, Nandan M. Nilekani, and S. D. Shibulal on July 2, 1981 and is headquartered in Bangalore, India.