Brinker Capital Investments LLC Sells 78,115 Shares of Infosys Limited (NYSE:INFY)

Posted by on May 4th, 2023

Brinker Capital Investments LLC trimmed its stake in Infosys Limited (NYSE:INFY – Get Rating) by 59.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 53,331 shares of the technology company’s stock after selling 78,115 shares during the quarter. Brinker Capital Investments LLC’s holdings in Infosys were worth $960,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in INFY. First Trust Advisors LP boosted its holdings in Infosys by 69.4% in the third quarter. First Trust Advisors LP now owns 23,292,667 shares of the technology company’s stock worth $395,276,000 after acquiring an additional 9,539,373 shares in the last quarter. State Street Corp lifted its holdings in shares of Infosys by 34.6% during the first quarter. State Street Corp now owns 19,989,499 shares of the technology company’s stock valued at $497,539,000 after purchasing an additional 5,143,124 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund lifted its holdings in shares of Infosys by 120.3% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 6,886,100 shares of the technology company’s stock valued at $116,857,000 after purchasing an additional 3,760,600 shares in the last quarter. International Assets Investment Management LLC bought a new position in shares of Infosys during the fourth quarter valued at $4,324,000. Finally, Assenagon Asset Management S.A. bought a new position in shares of Infosys during the fourth quarter valued at $61,966,000. 12.68% of the stock is owned by institutional investors.

Infosys Stock Down 1.0 %

NYSE INFY opened at $15.38 on Thursday. The stock’s 50-day moving average price is $16.76 and its 200-day moving average price is $18.07. Infosys Limited has a 52 week low of $14.71 and a 52 week high of $20.79. The company has a market capitalization of $64.38 billion, a P/E ratio of 21.66, a price-to-earnings-growth ratio of 1.99 and a beta of 1.00.

Infosys (NYSE:INFY – Get Rating) last posted its quarterly earnings data on Thursday, April 13th. The technology company reported $0.18 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.01). Infosys had a return on equity of 31.78% and a net margin of 16.37%. The company had revenue of $4.55 billion during the quarter, compared to the consensus estimate of $4.73 billion. During the same period last year, the business earned $0.18 EPS. Research analysts anticipate that Infosys Limited will post 0.77 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on INFY. JPMorgan Chase & Co. downgraded Infosys from a “neutral” rating to an “underweight” rating in a report on Friday, April 14th. Nomura downgraded Infosys from a “buy” rating to a “neutral” rating in a report on Thursday, April 13th. BMO Capital Markets lowered 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 14th. Wedbush lowered their target price on Infosys from $25.00 to $22.00 and set an “outperform” rating on the stock in a report on Monday, March 13th. Finally, Citigroup downgraded Infosys from a “buy” rating to a “neutral” rating in a report on Thursday, April 13th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $19.33.

About Infosys

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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.

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Institutional Ownership by Quarter for Infosys (NYSE:INFY)

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