Vestcor Inc Sells 27,098 Shares of Infosys Limited (NYSE:INFY)

Vestcor Inc decreased its position in Infosys Limited (NYSE:INFY) by 7.9% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 314,754 shares of the technology company’s stock after selling 27,098 shares during the quarter. Vestcor Inc’s holdings in Infosys were worth $6,899,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of Infosys by 36.5% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,983,837 shares of the technology company’s stock valued at $65,406,000 after buying an additional 797,152 shares in the last quarter. Farther Finance Advisors LLC boosted its position in Infosys by 69.7% during the fourth quarter. Farther Finance Advisors LLC now owns 3,115 shares of the technology company’s stock worth $68,000 after purchasing an additional 1,279 shares during the period. EverSource Wealth Advisors LLC boosted its position in Infosys by 148.5% during the fourth quarter. EverSource Wealth Advisors LLC now owns 10,806 shares of the technology company’s stock worth $237,000 after purchasing an additional 6,458 shares during the period. Sequoia Financial Advisors LLC boosted its position in Infosys by 2.5% during the fourth quarter. Sequoia Financial Advisors LLC now owns 77,691 shares of the technology company’s stock worth $1,703,000 after purchasing an additional 1,860 shares during the period. Finally, Saturna Capital Corp boosted its position in Infosys by 2.0% during the fourth quarter. Saturna Capital Corp now owns 166,428 shares of the technology company’s stock worth $3,648,000 after purchasing an additional 3,228 shares during the period. Institutional investors own 16.20% of the company’s stock.

Infosys Trading Down 2.5 %

Shares of NYSE INFY opened at $18.51 on Thursday. The business has a fifty day simple moving average of $21.42 and a 200 day simple moving average of $22.13. The firm has a market capitalization of $76.65 billion, a price-to-earnings ratio of 23.42, a PEG ratio of 3.50 and a beta of 1.01. Infosys Limited has a one year low of $16.04 and a one year high of $23.63.

Infosys (NYSE:INFY) last issued its earnings results on Thursday, January 16th. The technology company reported $0.19 EPS for the quarter, meeting analysts’ consensus estimates of $0.19. Infosys had a return on equity of 31.60% and a net margin of 17.28%. During the same period last year, the business earned $0.18 earnings per share. On average, research analysts anticipate that Infosys Limited will post 0.74 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

INFY has been the subject of a number of recent analyst reports. CLSA raised Infosys from a “hold” rating to an “outperform” rating in a research report on Friday, March 7th. Guggenheim reissued a “neutral” rating on shares of Infosys in a research report on Friday, January 17th. Hsbc Global Res raised Infosys from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 9th. HSBC raised Infosys from a “hold” rating to a “buy” rating in a research report on Monday, December 9th. Finally, StockNews.com cut Infosys from a “buy” rating to a “hold” rating in a research report on Monday. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Infosys currently has an average rating of “Hold” and a consensus target price of $20.22.

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.