Sei Investments Co. Cuts Stock Position in Infosys Limited (NYSE:INFY)

Sei Investments Co. lessened its stake in Infosys Limited (NYSE:INFY) by 5.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,156,718 shares of the technology company’s stock after selling 168,715 shares during the period. Sei Investments Co.’s holdings in Infosys were worth $58,992,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted its stake in shares of Infosys by 0.7% in the 4th quarter. JPMorgan Chase & Co. now owns 52,461,284 shares of the technology company’s stock valued at $889,219,000 after acquiring an additional 366,371 shares during the last quarter. FIL Ltd raised its position in Infosys by 28.2% during the 4th quarter. FIL Ltd now owns 21,742,398 shares of the technology company’s stock valued at $368,534,000 after purchasing an additional 4,778,782 shares during the last quarter. Ninety One UK Ltd bought a new position in Infosys during the 4th quarter valued at approximately $297,559,000. BlackRock Inc. raised its position in Infosys by 11.1% during the 1st quarter. BlackRock Inc. now owns 11,164,114 shares of the technology company’s stock valued at $208,991,000 after purchasing an additional 1,113,741 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD raised its position in Infosys by 34.4% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 10,141,106 shares of the technology company’s stock valued at $171,892,000 after purchasing an additional 2,595,746 shares during the last quarter. 16.05% of the stock is owned by institutional investors.

Infosys stock opened at $19.89 on Friday. The stock has a market cap of $84.38 billion, a P/E ratio of 32.61, a P/E/G ratio of 2.79 and a beta of 0.85. The stock has a 50 day moving average of $18.64. Infosys Limited has a twelve month low of $8.84 and a twelve month high of $19.91.

Infosys (NYSE:INFY) last posted its quarterly earnings results on Tuesday, April 13th. The technology company reported $0.16 earnings per share for the quarter, hitting the consensus estimate of $0.16. The company had revenue of $3.61 billion for the quarter, compared to the consensus estimate of $3.56 billion. Infosys had a return on equity of 26.90% and a net margin of 19.27%. During the same quarter in the prior year, the business posted $1.20 EPS. On average, research analysts forecast that Infosys Limited will post 0.7 EPS for the current year.

A number of research analysts have commented on the company. Susquehanna upped their price target on Infosys from $19.00 to $21.00 and gave the company a “neutral” rating in a research report on Tuesday, April 13th. Sanford C. Bernstein raised Infosys from a “market perform” rating to an “outperform” rating and upped their price target for the company from $20.33 to $21.80 in a research report on Monday, March 29th. Zacks Investment Research lowered Infosys from a “buy” rating to a “hold” rating and set a $19.00 price target for the company. in a research report on Friday, April 16th. Susquehanna Bancshares increased their target price on Infosys from $19.00 to $21.00 and gave the stock a “neutral” rating in a research report on Monday, April 12th. Finally, Robert W. Baird increased their target price on Infosys from $17.00 to $18.00 and gave the stock an “underperform” rating in a research report on Wednesday, April 14th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, six have issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $18.97.

Infosys Profile

Infosys Limited, together with its subsidiaries, provides consulting, technology, outsourcing, and next-generation digital services in North America, Europe, India, and internationally. It provides application development and management, independent validation, product engineering and management, infrastructure management, enterprise application management, and support and integration services.

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Institutional Ownership by Quarter for Infosys (NYSE:INFY)

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