WESPAC Advisors SoCal LLC Trims Stake in Infosys Ltd (NYSE:INFY)

WESPAC Advisors SoCal LLC trimmed its holdings in shares of Infosys Ltd (NYSE:INFY) by 29.8% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 12,225 shares of the technology company’s stock after selling 5,200 shares during the period. WESPAC Advisors SoCal LLC’s holdings in Infosys were worth $186,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of the stock. Cambridge Investment Research Advisors Inc. grew its position in Infosys by 3.7% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 34,251 shares of the technology company’s stock worth $331,000 after buying an additional 1,231 shares in the last quarter. Baldwin Investment Management LLC boosted its holdings in shares of Infosys by 1.3% in the 2nd quarter. Baldwin Investment Management LLC now owns 96,370 shares of the technology company’s stock worth $931,000 after purchasing an additional 1,252 shares in the last quarter. Lester Murray Antman dba SimplyRich boosted its holdings in shares of Infosys by 4.4% in the 2nd quarter. Lester Murray Antman dba SimplyRich now owns 32,722 shares of the technology company’s stock worth $313,000 after purchasing an additional 1,374 shares in the last quarter. Oppenheimer Asset Management Inc. boosted its holdings in shares of Infosys by 0.7% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 240,994 shares of the technology company’s stock worth $2,328,000 after purchasing an additional 1,783 shares in the last quarter. Finally, DNB Asset Management AS boosted its holdings in shares of Infosys by 4.2% in the 2nd quarter. DNB Asset Management AS now owns 47,270 shares of the technology company’s stock worth $457,000 after purchasing an additional 1,887 shares in the last quarter. Institutional investors and hedge funds own 17.24% of the company’s stock.

INFY has been the subject of a number of research reports. William Blair reiterated a “market perform” rating on shares of Infosys in a report on Wednesday, October 14th. Nomura upgraded Infosys from a “neutral” rating to a “buy” rating in a report on Thursday, July 16th. BMO Capital Markets upped their price objective on Infosys from $13.00 to $18.00 and gave the stock a “market perform” rating in a report on Thursday, October 15th. Robert W. Baird cut Infosys from a “neutral” rating to an “underperform” rating in a report on Thursday, October 15th. Finally, Nomura Instinet upgraded Infosys from a “neutral” rating to a “buy” rating in a report on Thursday, July 16th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. Infosys presently has a consensus rating of “Buy” and an average target price of $13.34.

INFY stock traded down $0.19 during trading on Monday, hitting $15.03. 254,875 shares of the company traded hands, compared to its average volume of 12,137,773. The firm has a market capitalization of $64.55 billion, a PE ratio of 26.70, a P/E/G ratio of 2.56 and a beta of 0.81. Infosys Ltd has a 1 year low of $6.76 and a 1 year high of $16.62. The company has a 50-day moving average of $13.94 and a 200-day moving average of $11.20.

Infosys (NYSE:INFY) last released its quarterly earnings results on Wednesday, October 14th. The technology company reported $0.15 EPS for the quarter, beating analysts’ consensus estimates of $0.14 by $0.01. Infosys had a return on equity of 27.14% and a net margin of 18.85%. During the same quarter last year, the business posted $0.13 earnings per share. As a group, equities analysts predict that Infosys Ltd will post 0.59 earnings per share for the current fiscal year.

The firm also recently declared a semi-annual dividend, which was paid on Friday, October 23rd. Shareholders of record on Friday, January 1st were given a dividend of $0.1359 per share. This is a positive change from Infosys’s previous semi-annual dividend of $0.10. The ex-dividend date was Friday, October 23rd. This represents a yield of 1.6%. Infosys’s dividend payout ratio is presently 38.18%.

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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