Keybank National Association OH Sells 9,569 Shares of Infosys Limited (INFY)

Keybank National Association OH trimmed its position in Infosys Limited (NYSE:INFY) by 45.1% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,664 shares of the technology company’s stock after selling 9,569 shares during the period. Keybank National Association OH’s holdings in Infosys Limited were worth $175,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in INFY. American Century Companies Inc. lifted its holdings in Infosys Limited by 3.7% in the 1st quarter. American Century Companies Inc. now owns 77,528 shares of the technology company’s stock valued at $1,225,000 after purchasing an additional 2,800 shares in the last quarter. State of Wisconsin Investment Board lifted its holdings in Infosys Limited by 67.5% in the 1st quarter. State of Wisconsin Investment Board now owns 352,307 shares of the technology company’s stock valued at $5,566,000 after purchasing an additional 141,926 shares in the last quarter. Envestnet Asset Management Inc. lifted its holdings in Infosys Limited by 10.5% in the 1st quarter. Envestnet Asset Management Inc. now owns 44,471 shares of the technology company’s stock valued at $703,000 after purchasing an additional 4,221 shares in the last quarter. NN Investment Partners Holdings N.V. lifted its holdings in Infosys Limited by 85.8% in the 1st quarter. NN Investment Partners Holdings N.V. now owns 53,775 shares of the technology company’s stock valued at $850,000 after purchasing an additional 24,835 shares in the last quarter. Finally, Mawer Investment Management Ltd. purchased a new position in Infosys Limited in the 1st quarter valued at about $588,000. Institutional investors own 19.86% of the company’s stock.

Shares of Infosys Limited (INFY) opened at 14.65 on Friday. Infosys Limited has a 12 month low of $13.42 and a 12 month high of $16.71. The firm has a 50-day moving average of $15.14 and a 200 day moving average of $15.17. The firm has a market cap of $33.49 billion, a P/E ratio of 15.44 and a beta of 0.79.

Infosys Limited (NYSE:INFY) last issued its quarterly earnings results on Friday, July 14th. The technology company reported $0.24 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.23 by $0.01. The company had revenue of $170.78 billion for the quarter, compared to the consensus estimate of $170.51 billion. Infosys Limited had a return on equity of 21.37% and a net margin of 20.95%. The company’s revenue for the quarter was up 1.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.22 EPS. On average, equities research analysts anticipate that Infosys Limited will post $0.99 EPS for the current fiscal year.

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A number of research firms have issued reports on INFY. HSBC Holdings plc upgraded shares of Infosys Limited from a “hold” rating to a “buy” rating in a report on Thursday, June 8th. BidaskClub raised shares of Infosys Limited from a “hold” rating to a “buy” rating in a research report on Wednesday, July 12th. UBS AG downgraded shares of Infosys Limited from a “buy” rating to a “hold” rating in a research report on Friday, August 18th. Cowen and Company set a $15.00 target price on shares of Infosys Limited and gave the stock a “hold” rating in a research report on Friday, August 18th. Finally, Stifel Nicolaus reissued a “hold” rating and set a $15.50 target price on shares of Infosys Limited in a research report on Friday, August 18th. Four investment analysts have rated the stock with a sell rating, ten have given a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $15.58.

Infosys Limited 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.

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

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