Oppenheimer Asset Management Inc. Sells 12,939 Shares of Infosys Limited (NYSE:INFY)

Oppenheimer Asset Management Inc. lessened its stake in Infosys Limited (NYSE:INFY) by 3.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 382,233 shares of the technology company’s stock after selling 12,939 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Infosys were worth $8,379,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in INFY. Robeco Institutional Asset Management B.V. lifted 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 worth $566,435,000 after acquiring an additional 1,501,039 shares during the period. Fisher Asset Management LLC raised its stake in shares of 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 purchasing an additional 1,271,890 shares in the last quarter. Franklin Resources Inc. lifted its position in Infosys by 2.9% in the third quarter. Franklin Resources Inc. now owns 11,272,051 shares of the technology company’s stock worth $263,315,000 after purchasing an additional 322,648 shares during the period. BNP Paribas Financial Markets boosted its stake in Infosys by 5.1% during the third quarter. BNP Paribas Financial Markets now owns 6,072,537 shares of the technology company’s stock worth $135,235,000 after buying an additional 297,183 shares in the last quarter. Finally, Daiwa Securities Group Inc. increased its holdings in 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 buying an additional 618,400 shares during the period. 16.20% of the stock is owned by institutional investors and hedge funds.

Infosys Trading Down 1.3 %

Shares of Infosys 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 firm’s 50-day moving average price is $21.94 and its two-hundred day moving average price is $22.28. The stock has a market capitalization of $84.93 billion, a price-to-earnings ratio of 25.96, a P/E/G ratio of 3.50 and a beta of 1.00.

Infosys (NYSE:INFY) last released its quarterly earnings results on Thursday, January 16th. The technology company reported $0.19 EPS for the quarter, hitting 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 quarter last year, the firm posted $0.18 EPS. As a group, equities research analysts predict that Infosys Limited will post 0.74 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on INFY shares. Hsbc Global Res raised 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. HSBC raised Infosys from a “hold” rating to a “buy” rating in a report on Monday, December 9th. Finally, Guggenheim reissued a “neutral” rating on shares of Infosys in a report on Friday, January 17th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $20.22.

About Infosys

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.