Sumitomo Mitsui Trust Holdings Inc. lowered its holdings in Infosys (NYSE:INFY) by 1.3% during the first quarter, Holdings Channel reports. The fund owned 360,912 shares of the technology company’s stock after selling 4,590 shares during the period. Sumitomo Mitsui Trust Holdings Inc.’s holdings in Infosys were worth $6,442,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. purchased a new position in shares of Infosys in the 1st quarter valued at about $118,000. Edge Advisors LLC increased its holdings in shares of Infosys by 68.3% in the 4th quarter. Edge Advisors LLC now owns 7,394 shares of the technology company’s stock valued at $119,000 after acquiring an additional 3,000 shares during the last quarter. NuWave Investment Management LLC purchased a new position in shares of Infosys in the 1st quarter valued at about $207,000. Cullen Capital Management LLC purchased a new position in shares of Infosys in the 4th quarter valued at about $228,000. Finally, Foster & Motley Inc. increased its holdings in shares of Infosys by 28.2% in the 4th quarter. Foster & Motley Inc. now owns 14,628 shares of the technology company’s stock valued at $237,000 after acquiring an additional 3,221 shares during the last quarter. Institutional investors and hedge funds own 19.52% of the company’s stock.

Infosys opened at $17.36 on Friday, Marketbeat.com reports. Infosys has a twelve month low of $17.54 and a twelve month high of $17.64. The company has a market cap of $38.14 billion, a price-to-earnings ratio of 17.55, a P/E/G ratio of 1.82 and a beta of 0.62.

Infosys (NYSE:INFY) last posted its quarterly earnings data on Friday, April 13th. The technology company reported $0.26 earnings per share for the quarter, topping analysts’ consensus estimates of $0.25 by $0.01. Infosys had a return on equity of 21.93% and a net margin of 22.73%. The company had revenue of $2.81 billion during the quarter, compared to analysts’ expectations of $2.77 billion. During the same period last year, the firm earned $0.24 EPS. equities analysts predict that Infosys will post 1.05 earnings per share for the current fiscal year.

A number of research analysts have recently commented on the company. ValuEngine downgraded Infosys from a “buy” rating to a “hold” rating in a report on Thursday. William Blair reissued an “underperform” rating on shares of Infosys in a research report on Friday, April 13th. Stifel Nicolaus reissued a “hold” rating and issued a $16.00 target price on shares of Infosys in a research report on Friday, April 13th. BMO Capital Markets reissued a “hold” rating and issued a $18.00 target price on shares of Infosys in a research report on Wednesday, April 11th. Finally, Berenberg Bank began coverage on Infosys in a research report on Friday, April 6th. They issued a “sell” rating and a $14.00 target price for the company. Four research analysts have rated the stock with a sell rating, ten have issued a hold rating and six have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $16.35.

Infosys Company Profile

Infosys Limited, together with its subsidiaries, provides consulting, technology, and outsourcing services in North America, Europe, India, and internationally. It provides business information technology services, including application development and maintenance, independent validation, infrastructure management, and business process management services, as well as engineering services, such as engineering and life cycle solutions; and consulting and systems integration services comprising consulting, enterprise solutions, systems integration, and advanced technologies.

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Institutional Ownership by Quarter for Infosys (NYSE:INFY)

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