Infosys Limited (NYSE:INFY) Shares Sold by AIMZ Investment Advisors LLC

AIMZ Investment Advisors LLC reduced its position in shares of Infosys Limited (NYSE:INFY) by 1.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 307,420 shares of the technology company’s stock after selling 3,441 shares during the period. Infosys comprises 2.3% of AIMZ Investment Advisors LLC’s portfolio, making the stock its 10th largest position. AIMZ Investment Advisors LLC’s holdings in Infosys were worth $6,739,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in INFY. Robeco Institutional Asset Management B.V. raised its position in shares of Infosys by 6.2% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 25,841,022 shares of the technology company’s stock valued at $566,435,000 after purchasing an additional 1,501,039 shares in the last quarter. Fisher Asset Management LLC raised its holdings in Infosys by 9.7% in the third quarter. Fisher Asset Management LLC now owns 14,415,018 shares of the technology company’s stock valued at $321,022,000 after acquiring an additional 1,271,890 shares in the last quarter. Franklin Resources Inc. grew its holdings in Infosys by 2.9% during the 3rd quarter. Franklin Resources Inc. now owns 11,272,051 shares of the technology company’s stock worth $263,315,000 after acquiring an additional 322,648 shares in the last quarter. BNP Paribas Financial Markets increased its position in shares of Infosys by 5.1% in the 3rd quarter. BNP Paribas Financial Markets now owns 6,072,537 shares of the technology company’s stock worth $135,235,000 after purchasing an additional 297,183 shares during the last quarter. Finally, Daiwa Securities Group Inc. raised its stake in shares of Infosys by 11.8% in the 3rd quarter. Daiwa Securities Group Inc. now owns 5,852,900 shares of the technology company’s stock valued at $130,344,000 after purchasing an additional 618,400 shares in the last quarter. 16.20% of the stock is currently owned by hedge funds and other institutional investors.

Infosys Stock Performance

INFY stock opened at $20.51 on Friday. Infosys Limited has a 1 year low of $16.04 and a 1 year high of $23.63. The stock has a market capitalization of $84.93 billion, a price-to-earnings ratio of 25.96, a PEG ratio of 3.50 and a beta of 1.00. The stock’s fifty day moving average is $21.94 and its two-hundred day moving average is $22.28.

Infosys (NYSE:INFY) last announced its quarterly 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 last year, the company earned $0.18 EPS. As a group, analysts predict that Infosys Limited will post 0.74 EPS for the current fiscal year.

Wall Street Analyst Weigh In

INFY has been the subject of a number of research reports. Hsbc Global Res upgraded Infosys from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 9th. Guggenheim reaffirmed a “neutral” rating on shares of Infosys in a report on Friday, January 17th. StockNews.com upgraded Infosys from a “hold” rating to a “buy” rating in a report on Wednesday, January 22nd. Finally, HSBC raised shares of Infosys from a “hold” rating to a “buy” rating in a report on Monday, December 9th. Two 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 assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus 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.