Robeco Institutional Asset Management B.V. Sells 4,903,338 Shares of Infosys Limited (NYSE:INFY)

Robeco Institutional Asset Management B.V. cut its stake in Infosys Limited (NYSE:INFYFree Report) by 50.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,901,831 shares of the technology company’s stock after selling 4,903,338 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Infosys were worth $90,096,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. GAMMA Investing LLC bought a new stake in Infosys in the 4th quarter valued at $36,000. Planned Solutions Inc. acquired a new position in shares of Infosys in the 4th quarter valued at $50,000. JFS Wealth Advisors LLC raised its stake in shares of Infosys by 88.3% in the 3rd quarter. JFS Wealth Advisors LLC now owns 2,945 shares of the technology company’s stock valued at $50,000 after buying an additional 1,381 shares in the last quarter. Blue Trust Inc. raised its stake in shares of Infosys by 61.8% in the 4th quarter. Blue Trust Inc. now owns 9,443 shares of the technology company’s stock valued at $161,000 after buying an additional 3,606 shares in the last quarter. Finally, Outlook Wealth Advisors LLC acquired a new position in shares of Infosys in the 4th quarter valued at $191,000. 10.89% of the stock is owned by institutional investors.

Infosys Stock Performance

INFY traded down $0.11 during midday trading on Friday, hitting $17.13. The company had a trading volume of 7,986,021 shares, compared to its average volume of 9,208,716. The company has a market capitalization of $70.92 billion, a PE ratio of 22.54, a P/E/G ratio of 2.29 and a beta of 0.95. Infosys Limited has a twelve month low of $15.07 and a twelve month high of $20.74. The firm’s 50-day simple moving average is $17.63 and its 200-day simple moving average is $18.34.

Infosys (NYSE:INFYGet Free Report) last posted its quarterly earnings data on Thursday, April 18th. The technology company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.06. The firm had revenue of $4.56 billion during the quarter, compared to analysts’ expectations of $4.49 billion. Infosys had a net margin of 17.06% and a return on equity of 32.33%. During the same quarter last year, the company posted $0.18 EPS. As a group, sell-side analysts anticipate that Infosys Limited will post 0.75 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. Guggenheim assumed coverage on shares of Infosys in a research note on Tuesday, March 19th. They issued a “neutral” rating and a $20.00 price objective for the company. Wedbush restated an “outperform” rating and issued a $22.00 price objective on shares of Infosys in a research note on Wednesday, March 13th. BMO Capital Markets dropped their price objective on shares of Infosys from $21.00 to $18.00 and set a “market perform” rating for the company in a research note on Friday, April 19th. HSBC reiterated a “hold” rating and set a $20.10 target price on shares of Infosys in a research report on Friday, April 19th. Finally, StockNews.com cut shares of Infosys from a “buy” rating to a “hold” rating in a research report on Tuesday, March 19th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $19.27.

View Our Latest Research Report on Infosys

Infosys Profile

(Free Report)

Infosys Limited, together with its subsidiaries, provides consulting, technology, outsourcing, and next-generation digital services in North America, Europe, India, and internationally. It provides digital marketing and digital workplace, digital commerce, digital experience and interactions, metaverse, data analytics and AI, applied AI, generative AI, sustainability, blockchain, engineering, Internet of Things, enterprise agile DevOps, application modernization, cloud, digital process automation, digital supply chain, Microsoft business application and cloud business, service experience transformation, energy transition, cyber security, and quality engineering solutions; Oracle, SAP, and Saleforce solutions; API economy and microservices; and Topaz, an AI-first set of services, solutions, and platforms using generative AI technologies.

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Institutional Ownership by Quarter for Infosys (NYSE:INFY)

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