Itau Unibanco Holding S.A. Sells 4,015 Shares of Infosys Limited (NYSE:INFY)

Itau Unibanco Holding S.A. trimmed its position in Infosys Limited (NYSE:INFY) by 13.3% during the fourth quarter, HoldingsChannel.com reports. The fund owned 26,177 shares of the technology company’s stock after selling 4,015 shares during the quarter. Itau Unibanco Holding S.A.’s holdings in Infosys were worth $575,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. AQR Capital Management LLC grew its position in Infosys by 270.9% in the fourth quarter. AQR Capital Management LLC now owns 9,164,085 shares of the technology company’s stock valued at $200,877,000 after acquiring an additional 6,693,127 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in shares of Infosys by 118.8% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 7,912,259 shares of the technology company’s stock worth $173,437,000 after buying an additional 4,296,291 shares in the last quarter. First Trust Advisors LP boosted its holdings in shares of Infosys by 14.5% during the 4th quarter. First Trust Advisors LP now owns 32,410,108 shares of the technology company’s stock valued at $710,430,000 after acquiring an additional 4,108,903 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich increased its holdings in Infosys by 1,668.3% in the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 3,228,211 shares of the technology company’s stock worth $75,470,000 after purchasing an additional 3,045,656 shares in the last quarter. Finally, Northern Trust Corp increased its stake in shares of Infosys by 92.2% in the fourth quarter. Northern Trust Corp now owns 3,565,697 shares of the technology company’s stock valued at $78,160,000 after buying an additional 1,710,906 shares during the period. Institutional investors and hedge funds own 16.20% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on INFY shares. Investec raised shares of Infosys from a “sell” rating to a “buy” rating in a research note on Friday, April 18th. Stifel Nicolaus cut their price objective on Infosys from $18.00 to $17.00 and set a “hold” rating on the stock in a research note on Monday, April 21st. Guggenheim restated a “neutral” rating on shares of Infosys in a report on Friday, January 17th. Susquehanna raised shares of Infosys from a “negative” rating to a “neutral” rating and set a $17.00 target price for the company in a research note on Monday, April 14th. Finally, The Goldman Sachs Group downgraded Infosys from a “buy” rating to a “neutral” rating and set a $17.90 price target for the company. in a report on Monday, April 21st. Seven investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $17.48.

Infosys Price Performance

NYSE:INFY opened at $17.62 on Friday. The company has a market cap of $72.96 billion, a PE ratio of 22.30, a PEG ratio of 3.50 and a beta of 0.97. Infosys Limited has a one year low of $15.82 and a one year high of $23.63. The firm has a 50-day moving average of $18.12 and a 200-day moving average of $20.76.

Infosys (NYSE:INFY) last announced its quarterly earnings results on Thursday, April 17th. The technology company reported $0.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.01. The business had revenue of $4.79 billion during the quarter, compared to the consensus estimate of $420.69 billion. Infosys had a return on equity of 31.60% and a net margin of 17.28%. During the same quarter in the prior year, the company posted $0.23 earnings per share. On average, equities research analysts expect that Infosys Limited will post 0.74 earnings per share for the current fiscal year.

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.