M&T Bank Corp Lowers Stock Position in Infosys Limited (NYSE:INFY)

M&T Bank Corp trimmed its holdings in shares of Infosys Limited (NYSE:INFY) by 1.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 93,767 shares of the technology company’s stock after selling 1,140 shares during the quarter. M&T Bank Corp’s holdings in Infosys were worth $2,055,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Sierra Ocean LLC purchased a new position in shares of Infosys in the 4th quarter valued at $29,000. Mizuho Securities Co. Ltd. bought a new stake in Infosys during the third quarter valued at about $33,000. Brooklyn Investment Group purchased a new position in Infosys in the fourth quarter valued at about $52,000. Wilmington Savings Fund Society FSB bought a new position in Infosys in the third quarter worth about $57,000. Finally, GAMMA Investing LLC lifted its position in shares of Infosys by 14.2% during the fourth quarter. GAMMA Investing LLC now owns 4,496 shares of the technology company’s stock valued at $99,000 after buying an additional 560 shares during the last quarter. Institutional investors own 16.20% of the company’s stock.

Infosys Price Performance

NYSE INFY opened at $19.84 on Monday. The company has a market cap of $82.17 billion, a price-to-earnings ratio of 25.11, a PEG ratio of 3.50 and a beta of 1.01. The stock’s fifty day moving average price is $21.60 and its 200 day moving average price is $22.20. Infosys Limited has a 1 year low of $16.04 and a 1 year high of $23.63.

Infosys (NYSE:INFY) last announced its quarterly earnings data on Thursday, January 16th. The technology company reported $0.19 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.19. Infosys had a return on equity of 31.60% and a net margin of 17.28%. During the same period last year, the firm earned $0.18 EPS. Research analysts expect that Infosys Limited will post 0.74 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. HSBC raised shares of Infosys from a “hold” rating to a “buy” rating in a research report on Monday, December 9th. StockNews.com raised shares of Infosys from a “hold” rating to a “buy” rating in a report on Wednesday, January 22nd. Hsbc Global Res upgraded Infosys from a “hold” rating to a “strong-buy” rating in a report on Monday, December 9th. CLSA raised Infosys from a “hold” rating to an “outperform” rating in a research report on Friday. Finally, Guggenheim reaffirmed a “neutral” rating on shares of Infosys in a research report on Friday, January 17th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $20.22.

Infosys Profile

Infosys Ltd. is a digital services and consulting company, which engages in the provision of end-to-end business solutions. It operates through the following segments: Financial Services, Retail, Communication, Energy, Utilities, Resources, and Services, Manufacturing, Hi-Tech, Life Sciences, and All Other.