Marshall Wace LLP Sells 211,426 Shares of Infosys Limited (NYSE:INFY)

Marshall Wace LLP lessened its holdings in shares of Infosys Limited (NYSE:INFY) by 15.4% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,165,514 shares of the technology company’s stock after selling 211,426 shares during the period. Marshall Wace LLP’s holdings in Infosys were worth $21,702,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Baader Bank Aktiengesellschaft bought a new position in shares of Infosys during the second quarter valued at approximately $529,000. BNP Paribas purchased a new stake in shares of Infosys in the 1st quarter worth approximately $1,169,000. Alberta Investment Management Corp increased its position in Infosys by 118.6% during the 4th quarter. Alberta Investment Management Corp now owns 1,328,956 shares of the technology company’s stock valued at $24,426,000 after buying an additional 720,885 shares in the last quarter. FIL Ltd increased its position in Infosys by 5.9% during the 4th quarter. FIL Ltd now owns 18,459,935 shares of the technology company’s stock valued at $339,294,000 after buying an additional 1,031,371 shares in the last quarter. Finally, Capstone Investment Advisors LLC purchased a new position in Infosys during the first quarter valued at $862,000. 10.89% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on INFY. StockNews.com downgraded Infosys from a “buy” rating to a “hold” rating in a report on Saturday, September 21st. Macquarie upgraded shares of Infosys from an “underperform” rating to a “neutral” rating in a research note on Friday, July 19th. Finally, Erste Group Bank upgraded shares of Infosys from a “hold” rating to a “buy” rating in a research note on Wednesday, September 11th. One analyst has rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $19.27.

Infosys Stock Up 1.8 %

INFY opened at $22.96 on Friday. The stock has a market capitalization of $95.05 billion, a price-to-earnings ratio of 30.21, a PEG ratio of 3.59 and a beta of 0.99. The firm has a 50 day moving average price of $22.36 and a 200-day moving average price of $19.47. Infosys Limited has a twelve month low of $16.04 and a twelve month high of $23.48.

Infosys (NYSE:INFY) last released its quarterly earnings results on Thursday, July 18th. The technology company reported $0.18 earnings per share for the quarter, meeting the consensus estimate of $0.18. The firm had revenue of $4.71 billion for the quarter, compared to analysts’ expectations of $4.67 billion. Infosys had a return on equity of 32.01% and a net margin of 17.18%. During the same period in the prior year, the firm earned $0.17 EPS. As a group, analysts expect that Infosys Limited will post 0.75 earnings per share for the current year.

Infosys Profile

Infosys Limited, together with its subsidiaries, provides consulting, technology, outsourcing, and next-generation digital services in North America, Europe, India, and internationally. It provides digital marketing and digital workplace, digital commerce, digital experience and interactions, metaverse, data analytics and AI, applied AI, generative AI, sustainability, blockchain, engineering, Internet of Things, enterprise agile DevOps, application modernization, cloud, digital process automation, digital supply chain, Microsoft business application and cloud business, service experience transformation, energy transition, cyber security, and quality engineering solutions; Oracle, SAP, and Saleforce solutions; API economy and microservices; and Topaz, an AI-first set of services, solutions, and platforms using generative AI technologies.