William Blair Investment Management LLC Trims Stock Holdings in Infosys Ltd (NYSE:INFY)

William Blair Investment Management LLC cut its position in Infosys Ltd (NYSE:INFY) by 14.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,383,434 shares of the technology company’s stock after selling 390,908 shares during the period. William Blair Investment Management LLC owned 0.05% of Infosys worth $26,041,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Next Capital Management LLC bought a new position in Infosys in the 1st quarter valued at about $26,000. Financial Gravity Wealth Inc. bought a new position in Infosys in the 1st quarter valued at about $27,000. Asahi Life Asset Management CO. LTD. bought a new position in Infosys in the 1st quarter valued at about $31,000. Advisory Services Network LLC lifted its position in Infosys by 303.8% in the 4th quarter. Advisory Services Network LLC now owns 4,228 shares of the technology company’s stock valued at $40,000 after acquiring an additional 3,181 shares in the last quarter. Finally, Rational Advisors LLC lifted its position in Infosys by 50.0% in the 1st quarter. Rational Advisors LLC now owns 3,662 shares of the technology company’s stock valued at $40,000 after acquiring an additional 1,221 shares in the last quarter. Institutional investors own 17.77% of the company’s stock.

Infosys stock opened at $10.70 on Friday. Infosys Ltd has a 52 week low of $8.85 and a 52 week high of $11.38. The business’s 50 day moving average price is $10.48. The company has a market cap of $46.16 billion, a PE ratio of 19.81, a P/E/G ratio of 2.04 and a beta of 0.53.

Infosys (NYSE:INFY) last posted its earnings results on Friday, April 12th. The technology company reported $0.13 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.13. Infosys had a net margin of 18.62% and a return on equity of 25.41%. The firm had revenue of $3.06 billion for the quarter, compared to analysts’ expectations of $3.04 billion. During the same quarter last year, the firm earned $0.13 EPS. Research analysts anticipate that Infosys Ltd will post 0.55 earnings per share for the current fiscal year.

The company also recently announced a dividend, which was paid on Friday, June 14th. Shareholders of record on Friday, June 14th were given a dividend of $0.14 per share. The ex-dividend date of this dividend was Thursday, June 13th. This is a boost from Infosys’s previous dividend of $0.05. Infosys’s dividend payout ratio (DPR) is currently 51.85%.

Several equities analysts recently weighed in on the stock. Zacks Investment Research cut shares of Infosys from a “hold” rating to a “sell” rating in a research report on Wednesday, April 3rd. HSBC cut shares of Infosys from a “buy” rating to a “hold” rating in a research report on Tuesday, April 2nd. Credit Suisse Group cut shares of Infosys from a “neutral” rating to an “underperform” rating in a research report on Monday, April 15th. Citigroup cut shares of Infosys from a “buy” rating to a “neutral” rating in a research report on Monday, April 15th. Finally, Deutsche Bank cut shares of Infosys from a “buy” rating to a “hold” rating in a research report on Monday, April 15th. Two research analysts have rated the stock with a sell rating and fifteen have given a hold rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $11.36.

Infosys 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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