Infosys Limited (INFY) Shares Sold by High Falls Advisors Inc
High Falls Advisors Inc reduced its holdings in shares of Infosys Limited (NYSE:INFY) by 1.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,598 shares of the technology company’s stock after selling 210 shares during the quarter. High Falls Advisors Inc’s holdings in Infosys Limited were worth $204,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in the company. PNC Financial Services Group Inc. raised its position in shares of Infosys Limited by 82.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 7,547 shares of the technology company’s stock valued at $120,000 after acquiring an additional 3,400 shares in the last quarter. Tower Research Capital LLC TRC raised its position in shares of Infosys Limited by 198.2% during the 2nd quarter. Tower Research Capital LLC TRC now owns 7,967 shares of the technology company’s stock valued at $120,000 after acquiring an additional 5,295 shares in the last quarter. Equity Investment Corp Acquisition Inc acquired a new stake in shares of Infosys Limited during the 2nd quarter valued at approximately $151,000. Personal Capital Advisors Corp acquired a new stake in shares of Infosys Limited during the 2nd quarter valued at approximately $166,000. Finally, Greenleaf Trust raised its position in shares of Infosys Limited by 13.5% during the 2nd quarter. Greenleaf Trust now owns 12,045 shares of the technology company’s stock valued at $181,000 after acquiring an additional 1,437 shares in the last quarter. Institutional investors own 19.89% of the company’s stock.
Shares of Infosys Limited (INFY) traded up 0.75% during midday trading on Friday, reaching $14.72. The company’s stock had a trading volume of 852,943 shares. Infosys Limited has a 52-week low of $13.42 and a 52-week high of $16.15. The stock has a 50 day moving average price of $14.68 and a 200-day moving average price of $15.06. The company has a market capitalization of $33.65 billion, a price-to-earnings ratio of 15.51 and a beta of 0.74.
Infosys Limited (NYSE:INFY) last issued its quarterly earnings data on Friday, July 14th. The technology company reported $0.24 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.23 by $0.01. Infosys Limited had a return on equity of 21.37% and a net margin of 20.95%. The firm had revenue of $170.78 billion during the quarter, compared to the consensus estimate of $170.51 billion. During the same quarter in the previous year, the company posted $0.22 EPS. The business’s revenue for the quarter was up 1.8% compared to the same quarter last year. Equities research analysts expect that Infosys Limited will post $0.98 EPS for the current year.
Several equities research analysts recently issued reports on INFY shares. Zacks Investment Research raised Infosys Limited from a “hold” rating to a “buy” rating and set a $17.00 price target on the stock in a research report on Tuesday, September 19th. Cowen and Company reissued a “hold” rating and set a $15.00 price target on shares of Infosys Limited in a research report on Thursday. Cantor Fitzgerald reissued a “hold” rating on shares of Infosys Limited in a research report on Friday, August 25th. Robert W. Baird reissued a “hold” rating and set a $16.00 price target on shares of Infosys Limited in a research report on Sunday, September 3rd. Finally, Deutsche Bank AG raised Infosys Limited from a “hold” rating to a “buy” rating in a research report on Monday, August 28th. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $15.34.
Infosys Limited Profile
Infosys Limited is engaged in consulting, technology, outsourcing and next-generation services. The Company, along with its subsidiaries, provides business information technology services comprising application development and maintenance, independent validation, infrastructure management, engineering services comprising product engineering and life cycle solutions and business process management; consulting and systems integration services comprising consulting, enterprise solutions, systems integration and advanced technologies; products, business platforms and solutions to accelerate intellectual property-led innovation, including Finacle, its banking solution, and offerings in the areas of Analytics, Cloud and Digital Transformation.
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