Deltec Asset Management LLC Reduces Holdings in Infosys Limited (NYSE:INFY)

Deltec Asset Management LLC lowered its position in Infosys Limited (NYSE:INFY) by 4.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 55,000 shares of the technology company’s stock after selling 2,500 shares during the quarter. Deltec Asset Management LLC’s holdings in Infosys were worth $1,206,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Mizuho Securities Co. Ltd. acquired a new stake in shares of Infosys during the third quarter worth approximately $33,000. Brooklyn Investment Group acquired a new position in Infosys during the 4th quarter worth $52,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Infosys in the 3rd quarter worth about $57,000. Whittier Trust Co. of Nevada Inc. raised its stake in shares of Infosys by 25.3% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 3,795 shares of the technology company’s stock valued at $85,000 after purchasing an additional 766 shares in the last quarter. Finally, GAMMA Investing LLC raised its stake in shares of Infosys by 34.3% in the 3rd quarter. GAMMA Investing LLC now owns 3,936 shares of the technology company’s stock valued at $88,000 after purchasing an additional 1,005 shares in the last quarter. 16.20% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on INFY shares. HSBC upgraded Infosys from a “hold” rating to a “buy” rating in a research note on Monday, December 9th. Guggenheim reiterated a “neutral” rating on shares of Infosys in a research report on Friday, January 17th. Hsbc Global Res raised Infosys from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 9th. StockNews.com raised shares of Infosys from a “hold” rating to a “buy” rating in a report on Wednesday, January 22nd. Finally, BMO Capital Markets increased their target price on shares of Infosys from $23.00 to $25.00 and gave the stock a “market perform” rating in a report on Friday, October 18th. Two equities research 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. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $20.22.

Infosys Price Performance

NYSE:INFY opened at $22.38 on Wednesday. The firm has a market capitalization of $92.70 billion, a P/E ratio of 28.33, a P/E/G ratio of 3.60 and a beta of 1.00. The business has a 50 day simple moving average of $22.42 and a 200 day simple moving average of $22.33. Infosys Limited has a 12-month low of $16.04 and a 12-month high of $23.63.

Infosys (NYSE:INFY) last announced its quarterly earnings results on Thursday, January 16th. The technology company reported $0.19 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.19. Infosys had a net margin of 17.28% and a return on equity of 31.60%. During the same quarter in the prior year, the business earned $0.18 earnings per share. Research analysts anticipate that Infosys Limited will post 0.74 EPS for the current fiscal year.

Infosys Company Profile

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.