Infosys Limited (NYSE:INFY) Stock Position Reduced by Kathmere Capital Management LLC

Kathmere Capital Management LLC trimmed its position in Infosys Limited (NYSE:INFY) by 5.0% in the second quarter, Holdings Channel.com reports. The fund owned 32,802 shares of the technology company’s stock after selling 1,729 shares during the period. Kathmere Capital Management LLC’s holdings in Infosys were worth $611,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in INFY. Allianz Asset Management GmbH raised its holdings in shares of Infosys by 0.5% during the fourth quarter. Allianz Asset Management GmbH now owns 283,744 shares of the technology company’s stock worth $5,215,000 after purchasing an additional 1,497 shares during the period. Jones Financial Companies Lllp bought a new stake in shares of Infosys during the 4th quarter valued at about $56,000. First Trust Advisors LP raised its stake in Infosys by 3.6% during the fourth quarter. First Trust Advisors LP now owns 25,209,033 shares of the technology company’s stock worth $463,342,000 after acquiring an additional 884,833 shares during the period. Exencial Wealth Advisors LLC lifted its holdings in Infosys by 25.7% in the fourth quarter. Exencial Wealth Advisors LLC now owns 36,434 shares of the technology company’s stock worth $670,000 after acquiring an additional 7,456 shares during the last quarter. Finally, Prudential PLC boosted its stake in Infosys by 4.3% in the fourth quarter. Prudential PLC now owns 1,073,062 shares of the technology company’s stock valued at $19,723,000 after acquiring an additional 44,534 shares during the period. 10.89% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Infosys Stock Performance

Shares of INFY opened at $22.39 on Friday. Infosys Limited has a one year low of $16.04 and a one year high of $23.48. The stock’s fifty day moving average is $22.38 and its 200-day moving average is $19.52. The firm has a market capitalization of $92.69 billion, a price-to-earnings ratio of 29.46, a price-to-earnings-growth ratio of 3.59 and a beta of 0.99.

Infosys (NYSE:INFY) last released its earnings results on Thursday, July 18th. The technology company reported $0.18 EPS 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 net margin of 17.18% and a return on equity of 32.01%. During the same quarter last year, the company earned $0.17 EPS. Analysts forecast that Infosys Limited will post 0.75 EPS for the current fiscal 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.