DGS Capital Management LLC Sells 2,696 Shares of Infosys Limited (NYSE:INFY)

DGS Capital Management LLC cut its stake in shares of Infosys Limited (NYSE:INFY) by 5.7% in the fourth quarter, HoldingsChannel reports. The fund owned 44,976 shares of the technology company’s stock after selling 2,696 shares during the period. DGS Capital Management LLC’s holdings in Infosys were worth $827,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. FWL Investment Management LLC purchased a new position in Infosys in the 4th quarter worth approximately $27,000. JFS Wealth Advisors LLC lifted its holdings in Infosys by 88.3% in the 3rd quarter. JFS Wealth Advisors LLC now owns 2,945 shares of the technology company’s stock worth $50,000 after purchasing an additional 1,381 shares in the last quarter. Planned Solutions Inc. purchased a new position in Infosys in the 4th quarter worth approximately $50,000. Harel Insurance Investments & Financial Services Ltd. purchased a new position in Infosys in the 3rd quarter worth approximately $85,000. Finally, Natixis purchased a new position in Infosys in the 4th quarter worth approximately $110,000. 10.89% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

INFY has been the topic of a number of research analyst reports. Bank of America raised Infosys from a “neutral” rating to a “buy” rating in a report on Tuesday, April 9th. Guggenheim began coverage on Infosys in a report on Tuesday, March 19th. They issued a “neutral” rating and a $20.00 price target on the stock. UBS Group raised Infosys from a “neutral” rating to a “buy” rating in a report on Wednesday, January 3rd. StockNews.com cut Infosys from a “buy” rating to a “hold” rating in a report on Tuesday, March 19th. Finally, BNP Paribas began coverage on Infosys in a report on Wednesday, January 17th. They set an “outperform” rating and a $24.00 price objective on the stock. Five equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $20.76.

Infosys Trading Down 0.9 %

NYSE:INFY traded down $0.15 during midday trading on Tuesday, hitting $17.12. 5,026,280 shares of the company traded hands, compared to its average volume of 8,957,357. The firm’s fifty day moving average is $19.08 and its 200-day moving average is $18.36. Infosys Limited has a 12-month low of $14.71 and a 12-month high of $20.74. The firm has a market capitalization of $70.86 billion, a P/E ratio of 24.33, a P/E/G ratio of 2.34 and a beta of 0.93.

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 management and application development services, independent validation solutions, product engineering and management, infrastructure management services, traditional enterprise application implementation, support, and integration services.