BlackRock Inc. decreased its stake in shares of Infosys Limited (NYSE:INFY) by 10.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 11,407,341 shares of the technology company’s stock after selling 1,396,090 shares during the period. BlackRock Inc. owned about 0.50% of Infosys Limited worth $171,339,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Mitsubishi UFJ Trust & Banking Corp boosted its position in shares of Infosys Limited by 67.8% during the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 424,295 shares of the technology company’s stock valued at $6,373,000 after buying an additional 171,509 shares during the last quarter. Cambridge Investment Research Advisors Inc. purchased a new position in shares of Infosys Limited during the first quarter valued at approximately $480,000. Credit Suisse AG boosted its position in shares of Infosys Limited by 26.9% during the first quarter. Credit Suisse AG now owns 4,156,373 shares of the technology company’s stock valued at $65,672,000 after buying an additional 880,044 shares during the last quarter. Morgan Stanley boosted its position in shares of Infosys Limited by 85.8% during the first quarter. Morgan Stanley now owns 6,179,328 shares of the technology company’s stock valued at $97,633,000 after buying an additional 2,853,808 shares during the last quarter. Finally, Sustainable Growth Advisers LP boosted its position in shares of Infosys Limited by 104.0% during the second quarter. Sustainable Growth Advisers LP now owns 5,361,595 shares of the technology company’s stock valued at $80,531,000 after buying an additional 2,733,992 shares during the last quarter. 19.89% of the stock is currently owned by institutional investors.

Infosys Limited (NYSE INFY) opened at 14.58 on Thursday. The firm has a 50-day moving average price of $14.69 and a 200 day moving average price of $15.06. Infosys Limited has a 52-week low of $13.42 and a 52-week high of $16.71. The stock has a market cap of $33.33 billion, a PE ratio of 15.36 and a beta of 0.74.

Infosys Limited (NYSE:INFY) last issued its earnings results on Friday, July 14th. The technology company reported $0.24 EPS for the quarter, beating the 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 business had revenue of $170.78 billion for the quarter, compared to the consensus estimate of $170.51 billion. During the same period last year, the business posted $0.22 EPS. The company’s revenue was up 1.8% compared to the same quarter last year. On average, analysts forecast that Infosys Limited will post $0.98 earnings per share for the current fiscal year.

Several brokerages recently issued reports on INFY. Zacks Investment Research cut Infosys Limited from a “buy” rating to a “hold” rating in a research report on Thursday, October 5th. Robert W. Baird reaffirmed a “hold” rating and set a $16.00 target price on shares of Infosys Limited in a research report on Wednesday, October 4th. Goldman Sachs Group, Inc. (The) raised Infosys Limited from a “sell” rating to a “neutral” rating and lifted their target price for the company from $12.40 to $12.88 in a research report on Sunday, September 17th. BidaskClub cut Infosys Limited from a “hold” rating to a “sell” rating in a research report on Tuesday, September 12th. Finally, Deutsche Bank AG raised Infosys Limited from a “hold” rating to a “buy” rating in a research report on Monday, August 28th. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and three have issued a buy rating to the stock. Infosys Limited currently has an average rating of “Hold” and a consensus target price of $15.34.

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Infosys Limited Company 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.

Institutional Ownership by Quarter for Infosys Limited (NYSE:INFY)

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