C WorldWide Group Holding A S Has $13.63 Million Stock Holdings in Infosys Limited (NYSE:INFY)

C WorldWide Group Holding A S lessened its position in Infosys Limited (NYSE:INFY) by 3.0% during the fourth quarter, Holdings Channel reports. The institutional investor owned 741,530 shares of the technology company’s stock after selling 23,322 shares during the quarter. C WorldWide Group Holding A S’s holdings in Infosys were worth $13,629,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Canada Pension Plan Investment Board acquired a new position in shares of Infosys during the 3rd quarter worth approximately $158,356,000. Aikya Investment Management Ltd acquired a new position in shares of Infosys during the 4th quarter worth approximately $71,409,000. FMR LLC increased its position in shares of Infosys by 15.2% during the 3rd quarter. FMR LLC now owns 24,819,637 shares of the technology company’s stock worth $424,664,000 after purchasing an additional 3,275,485 shares during the last quarter. Value Partners Investments Inc. increased its position in shares of Infosys by 857.8% during the 3rd quarter. Value Partners Investments Inc. now owns 2,701,000 shares of the technology company’s stock worth $46,214,000 after purchasing an additional 2,419,000 shares during the last quarter. Finally, American Century Companies Inc. increased its position in shares of Infosys by 33.9% during the 3rd quarter. American Century Companies Inc. now owns 3,687,017 shares of the technology company’s stock worth $63,085,000 after purchasing an additional 932,570 shares during the last quarter. Institutional investors and hedge funds own 10.89% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on INFY. HSBC reaffirmed a “hold” rating and set a $20.10 price target on shares of Infosys in a research report on Friday, April 19th. BNP Paribas assumed coverage on Infosys in a report on Wednesday, January 17th. They set an “outperform” rating and a $24.00 target price on the stock. BMO Capital Markets decreased their target price on Infosys from $21.00 to $18.00 and set a “market perform” rating on the stock in a report on Friday, April 19th. StockNews.com lowered Infosys from a “buy” rating to a “hold” rating in a report on Tuesday, March 19th. Finally, Bank of America raised Infosys from a “neutral” rating to a “buy” rating in a report on Tuesday, April 9th. One research analyst has rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $19.27.

Infosys Price Performance

INFY traded down $0.07 during trading on Friday, hitting $16.94. The stock had a trading volume of 8,845,064 shares, compared to its average volume of 12,953,776. The company has a 50 day moving average price of $18.49 and a 200-day moving average price of $18.32. The firm has a market cap of $70.12 billion, a price-to-earnings ratio of 22.30, a P/E/G ratio of 2.27 and a beta of 0.93. Infosys Limited has a one year low of $14.98 and a one year high of $20.74.

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

Infosys Company Profile

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.