Johnson Investment Counsel Inc. Sells 3,000 Shares of Infosys Limited (NYSE:INFY)

Johnson Investment Counsel Inc. lowered its position in shares of Infosys Limited (NYSE:INFY) by 6.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 44,349 shares of the technology company’s stock after selling 3,000 shares during the period. Johnson Investment Counsel Inc.’s holdings in Infosys were worth $972,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in INFY. Sierra Ocean LLC purchased a new position in shares of Infosys during the fourth quarter valued at $29,000. Mizuho Securities Co. Ltd. purchased a new position in shares of Infosys during the third quarter valued at $33,000. Brooklyn Investment Group purchased a new position in shares of Infosys during the fourth quarter valued at $52,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Infosys during the third quarter valued at $57,000. Finally, GAMMA Investing LLC increased its stake in shares of Infosys by 14.2% during the fourth quarter. GAMMA Investing LLC now owns 4,496 shares of the technology company’s stock valued at $99,000 after buying an additional 560 shares during the period. Hedge funds and other institutional investors own 16.20% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on INFY. Hsbc Global Res upgraded Infosys from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 9th. CLSA upgraded Infosys from a “hold” rating to an “outperform” rating in a research note on Friday, March 7th. Guggenheim reiterated a “neutral” rating on shares of Infosys in a research note on Friday, January 17th. StockNews.com lowered Infosys from a “buy” rating to a “hold” rating in a research note on Monday. Finally, HSBC upgraded Infosys from a “hold” rating to a “buy” rating in a research note on Monday, December 9th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Infosys presently has a consensus rating of “Hold” and an average target price of $20.22.

Infosys Stock Performance

Shares of INFY stock opened at $18.51 on Thursday. Infosys Limited has a fifty-two week low of $16.04 and a fifty-two week high of $23.63. The firm has a market capitalization of $76.65 billion, a price-to-earnings ratio of 23.42, a PEG ratio of 3.50 and a beta of 1.01. The stock’s 50-day simple moving average is $21.42 and its 200-day simple moving average is $22.13.

Infosys (NYSE:INFY) last issued its quarterly earnings results on Thursday, January 16th. The technology company reported $0.19 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.19. Infosys had a return on equity of 31.60% and a net margin of 17.28%. During the same quarter last year, the business earned $0.18 EPS. As a group, equities analysts forecast that Infosys Limited will post 0.74 earnings per share for the current year.

Infosys 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.