AIMZ Investment Advisors LLC reduced its holdings in Infosys Ltd (NYSE:INFY) by 2.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 184,163 shares of the technology company’s stock after selling 3,856 shares during the quarter. Infosys comprises 2.2% of AIMZ Investment Advisors LLC’s portfolio, making the stock its 11th biggest holding. AIMZ Investment Advisors LLC’s holdings in Infosys were worth $2,987,000 at the end of the most recent quarter.
Other large investors have also modified their holdings of the company. Edge Advisors LLC grew its position in Infosys by 68.3% during the fourth quarter. Edge Advisors LLC now owns 7,394 shares of the technology company’s stock worth $119,000 after buying an additional 3,000 shares in the last quarter. Equity Investment Corp grew its position in Infosys by 50.2% during the third quarter. Equity Investment Corp now owns 15,100 shares of the technology company’s stock worth $220,000 after buying an additional 5,050 shares in the last quarter. Foster & Motley Inc. grew its position in Infosys by 28.2% during the fourth quarter. Foster & Motley Inc. now owns 14,628 shares of the technology company’s stock worth $237,000 after buying an additional 3,221 shares in the last quarter. Signaturefd LLC grew its position in Infosys by 28.7% during the fourth quarter. Signaturefd LLC now owns 16,357 shares of the technology company’s stock worth $265,000 after buying an additional 3,652 shares in the last quarter. Finally, Quantitative Systematic Strategies LLC acquired a new stake in Infosys during the fourth quarter worth about $271,000. 19.69% of the stock is currently owned by institutional investors.
Infosys Ltd (INFY) opened at $18.41 on Tuesday. The company has a market cap of $39,370.00, a PE ratio of 17.21, a price-to-earnings-growth ratio of 2.00 and a beta of 0.61. Infosys Ltd has a one year low of $13.88 and a one year high of $18.71.
A number of research firms recently weighed in on INFY. Cantor Fitzgerald reissued a “hold” rating and set a $14.00 target price on shares of Infosys in a research report on Sunday, January 7th. Zacks Investment Research upgraded shares of Infosys from a “hold” rating to a “buy” rating and set a $18.00 price target for the company in a research note on Tuesday, December 26th. UBS Group upgraded shares of Infosys from a “neutral” rating to a “buy” rating in a research note on Monday, January 22nd. Goldman Sachs Group upgraded shares of Infosys from a “neutral” rating to a “buy” rating in a research note on Monday, February 5th. Finally, Morgan Stanley upgraded shares of Infosys from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, January 16th. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the stock. Infosys has an average rating of “Hold” and a consensus target price of $15.77.
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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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