Oppenheimer Asset Management Inc. Sells 12,939 Shares of Infosys Limited (NYSE:INFY)

Oppenheimer Asset Management Inc. lessened its stake in Infosys Limited (NYSE:INFY) by 3.3% in the 4th quarter, HoldingsChannel.com reports. The firm owned 382,233 shares of the technology company’s stock after selling 12,939 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Infosys were worth $8,379,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Sierra Ocean LLC bought a new stake in shares of Infosys during the fourth quarter worth $29,000. Mizuho Securities Co. Ltd. acquired a new stake in Infosys in the third quarter worth about $33,000. Brooklyn Investment Group bought a new stake in Infosys during the 4th quarter worth about $52,000. Wilmington Savings Fund Society FSB acquired a new position in Infosys during the 3rd quarter valued at about $57,000. Finally, GAMMA Investing LLC lifted its position in Infosys by 14.2% during the 4th quarter. GAMMA Investing LLC now owns 4,496 shares of the technology company’s stock valued at $99,000 after purchasing an additional 560 shares during the period. Institutional investors and hedge funds own 16.20% of the company’s stock.

Infosys Stock Down 1.3 %

Shares of NYSE INFY opened at $20.51 on Friday. Infosys Limited has a twelve month low of $16.04 and a twelve month high of $23.63. The stock has a market cap of $84.93 billion, a price-to-earnings ratio of 25.96, a P/E/G ratio of 3.50 and a beta of 1.00. The company’s fifty day moving average is $21.94 and its 200-day moving average is $22.28.

Infosys (NYSE:INFY) last posted its earnings results on Thursday, January 16th. The technology company reported $0.19 earnings per share for the quarter, hitting the consensus estimate 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 firm earned $0.18 EPS. On average, research analysts anticipate that Infosys Limited will post 0.74 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently weighed in on INFY. Guggenheim reissued a “neutral” rating on shares of Infosys in a research note on Friday, January 17th. Hsbc Global Res raised shares of Infosys from a “hold” rating to a “strong-buy” rating in a report on Monday, December 9th. StockNews.com raised Infosys from a “hold” rating to a “buy” rating in a research note on Wednesday, January 22nd. Finally, HSBC upgraded Infosys from a “hold” rating to a “buy” rating in a research report on Monday, December 9th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Infosys has a consensus rating of “Hold” and a consensus target price of $20.22.

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.