Leonteq Securities AG Sells 120,977 Shares of Infosys Ltd. $INFY

Leonteq Securities AG lessened its stake in shares of Infosys Ltd. (NYSE:INFY) by 90.5% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 12,772 shares of the technology company’s stock after selling 120,977 shares during the period. Leonteq Securities AG’s holdings in Infosys were worth $173,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of INFY. Able Wealth Management LLC acquired a new stake in Infosys in the first quarter worth $163,000. Keybank National Association OH acquired a new position in shares of Infosys during the first quarter valued at about $205,000. Dynamic Technology Lab Private Ltd acquired a new position in shares of Infosys during the first quarter valued at about $239,000. Deltec Asset Management LLC boosted its position in shares of Infosys by 13.6% during the 1st quarter. Deltec Asset Management LLC now owns 58,500 shares of the technology company’s stock worth $790,000 after purchasing an additional 7,000 shares in the last quarter. Finally, NewEdge Advisors LLC boosted its position in shares of Infosys by 79.9% during the 1st quarter. NewEdge Advisors LLC now owns 54,978 shares of the technology company’s stock worth $1,003,000 after purchasing an additional 24,426 shares in the last quarter. 16.20% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Stifel Nicolaus set a $15.00 target price on Infosys in a research note on Thursday, April 23rd. BMO Capital Markets dropped their price target on Infosys from $20.00 to $15.00 and set a “market perform” rating on the stock in a research note on Friday, April 24th. TD Cowen cut their price target on Infosys from $16.00 to $15.00 and set a “hold” rating on the stock in a report on Monday, April 6th. JPMorgan Chase & Co. reduced their price objective on Infosys from $16.80 to $12.70 and set an “overweight” rating for the company in a research note on Wednesday, June 24th. Finally, Wells Fargo & Company set a $11.00 price objective on Infosys and gave the company an “equal weight” rating in a report on Friday, June 26th. One equities research analyst has rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $13.63.

Infosys Price Performance

Shares of NYSE:INFY traded up $0.54 during midday trading on Tuesday, hitting $11.42. 1,779,736 shares of the company’s stock were exchanged, compared to its average volume of 17,891,779. Infosys Ltd. has a 12 month low of $10.34 and a 12 month high of $30.00. The company has a market cap of $46.20 billion, a PE ratio of 14.27, a price-to-earnings-growth ratio of 1.45 and a beta of 0.90. The stock has a 50 day moving average price of $11.99 and a 200-day moving average price of $14.46.

Infosys (NYSE:INFY) last announced its quarterly earnings results on Wednesday, April 1st. The technology company reported $0.23 earnings per share for the quarter. The business had revenue of $5.04 billion for the quarter. Infosys had a net margin of 16.44% and a return on equity of 32.64%. On average, analysts anticipate that Infosys Ltd. will post 0.83 EPS for the current fiscal year.

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. The company was founded by Dinesh Krishnan Swamy, Senapathy Gopalakrishnan, Narayana Ramarao Nagavara Murthy, Raghavan N. S., Ashok Arora, Nandan M. Nilekani, and S. D. Shibulal on July 2, 1981 and is headquartered in Bangalore, India.