E. Ohman J or Asset Management AB Cuts Stake in Infosys Limited (NYSE:INFY)

E. Ohman J or Asset Management AB lessened its holdings in Infosys Limited (NYSE:INFY) by 15.5% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 251,000 shares of the technology company’s stock after selling 46,200 shares during the period. E. Ohman J or Asset Management AB’s holdings in Infosys were worth $5,502,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Mizuho Securities Co. Ltd. purchased a new position in Infosys in the third quarter valued at $33,000. Brooklyn Investment Group purchased a new position in shares of Infosys in the 4th quarter valued at about $52,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Infosys in the 3rd quarter valued at about $57,000. Whittier Trust Co. of Nevada Inc. grew its position in shares of Infosys by 25.3% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 3,795 shares of the technology company’s stock worth $85,000 after buying an additional 766 shares in the last quarter. Finally, GAMMA Investing LLC increased its stake in shares of Infosys by 34.3% during the third quarter. GAMMA Investing LLC now owns 3,936 shares of the technology company’s stock worth $88,000 after buying an additional 1,005 shares during the period. Institutional investors and hedge funds own 16.20% of the company’s stock.

Infosys Trading Up 0.2 %

Shares of INFY opened at $21.99 on Tuesday. The company’s 50 day simple moving average is $22.46 and its 200-day simple moving average is $22.33. The firm has a market cap of $91.06 billion, a PE ratio of 27.83, a price-to-earnings-growth ratio of 3.60 and a beta of 1.00. Infosys Limited has a 12-month low of $16.04 and a 12-month high of $23.63.

Infosys (NYSE:INFY) last posted its quarterly earnings data on Thursday, January 16th. The technology company reported $0.19 EPS for the quarter, meeting analysts’ consensus estimates of $0.19. Infosys had a net margin of 17.28% and a return on equity of 31.60%. During the same period last year, the firm earned $0.18 EPS. As a group, equities research analysts forecast that Infosys Limited will post 0.74 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have commented on INFY. Hsbc Global Res upgraded shares of Infosys from a “hold” rating to a “strong-buy” rating in a report on Monday, December 9th. StockNews.com upgraded shares of Infosys from a “hold” rating to a “buy” rating in a research note on Wednesday, January 22nd. BMO Capital Markets raised their price target on Infosys from $23.00 to $25.00 and gave the company a “market perform” rating in a research note on Friday, October 18th. HSBC raised 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 research note on Friday, January 17th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Infosys presently has an average rating of “Hold” and an average price target of $20.22.

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.