Prudential PLC Decreases Holdings in Infosys Limited (NYSE:INFY)

Prudential PLC trimmed its stake in shares of Infosys Limited (NYSE:INFYGet Rating) by 51.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 734,258 shares of the technology company’s stock after selling 773,902 shares during the period. Prudential PLC’s holdings in Infosys were worth $18,584,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Hussman Strategic Advisors Inc. raised its position in shares of Infosys by 0.6% in the fourth quarter. Hussman Strategic Advisors Inc. now owns 78,000 shares of the technology company’s stock valued at $1,974,000 after buying an additional 500 shares during the last quarter. Stokes Family Office LLC raised its position in shares of Infosys by 2.6% in the third quarter. Stokes Family Office LLC now owns 23,934 shares of the technology company’s stock valued at $533,000 after buying an additional 599 shares during the last quarter. Orion Portfolio Solutions LLC raised its position in shares of Infosys by 5.7% in the fourth quarter. Orion Portfolio Solutions LLC now owns 13,360 shares of the technology company’s stock valued at $338,000 after buying an additional 721 shares during the last quarter. Cetera Investment Advisers raised its position in shares of Infosys by 1.2% in the third quarter. Cetera Investment Advisers now owns 59,829 shares of the technology company’s stock valued at $1,331,000 after buying an additional 726 shares during the last quarter. Finally, IFP Advisors Inc raised its position in shares of Infosys by 0.8% in the fourth quarter. IFP Advisors Inc now owns 89,253 shares of the technology company’s stock valued at $2,262,000 after buying an additional 752 shares during the last quarter. 15.42% of the stock is currently owned by institutional investors and hedge funds.

INFY stock traded up $0.62 during mid-day trading on Tuesday, hitting $19.56. 250,814 shares of the company were exchanged, compared to its average volume of 12,797,814. The firm has a market capitalization of $81.98 billion, a P/E ratio of 27.87, a PEG ratio of 2.51 and a beta of 1.03. The business has a fifty day simple moving average of $22.34 and a 200-day simple moving average of $23.06. Infosys Limited has a 12-month low of $18.09 and a 12-month high of $26.39.

Infosys (NYSE:INFYGet Rating) last announced its earnings results on Wednesday, April 13th. The technology company reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.01). The company had revenue of $4.28 billion for the quarter, compared to analysts’ expectations of $4.30 billion. Infosys had a return on equity of 30.72% and a net margin of 18.17%. During the same period last year, the business earned $0.16 EPS. As a group, equities analysts expect that Infosys Limited will post 0.77 EPS for the current fiscal year.

A number of brokerages have recently commented on INFY. Stifel Nicolaus reduced their target price on shares of Infosys to $23.00 in a research report on Wednesday, April 13th. Macquarie initiated coverage on shares of Infosys in a research report on Monday, April 11th. They set an “outperform” rating for the company. BMO Capital Markets cut their price objective on shares of Infosys from $28.00 to $25.00 and set a “market perform” rating for the company in a research report on Thursday, April 14th. StockNews.com upgraded shares of Infosys from a “hold” rating to a “buy” rating in a research report on Tuesday, April 26th. Finally, Bank of America cut shares of Infosys from a “buy” rating to a “neutral” rating and set a $24.50 price objective for the company. in a research report on Wednesday, February 23rd. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $26.75.

Infosys Profile (Get Rating)

Infosys Limited, together with its subsidiaries, provides consulting, technology, outsourcing, and next-generation digital services in North America, Europe, India, and internationally. It provides application development and management, independent validation, product engineering and management, infrastructure management, enterprise application management, and support and integration services.

Further Reading

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Institutional Ownership by Quarter for Infosys (NYSE:INFY)

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