Cable Hill Partners LLC Cuts Stock Position in Infosys Limited (NYSE:INFY)

Cable Hill Partners LLC lessened its position in Infosys Limited (NYSE:INFY) by 4.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 16,151 shares of the technology company’s stock after selling 723 shares during the quarter. Cable Hill Partners LLC’s holdings in Infosys were worth $354,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of INFY. Sierra Ocean LLC purchased a new stake in shares of Infosys in the 4th quarter valued at $29,000. Mizuho Securities Co. Ltd. purchased a new stake in shares of Infosys in the 3rd quarter valued at $33,000. Brooklyn Investment Group purchased a new stake in shares of Infosys in the 4th quarter valued at $52,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Infosys in the 3rd quarter valued at $57,000. Finally, GAMMA Investing LLC grew its stake in Infosys by 14.2% during the 4th quarter. GAMMA Investing LLC now owns 4,496 shares of the technology company’s stock worth $99,000 after purchasing an additional 560 shares in the last quarter. Hedge funds and other institutional investors own 16.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on INFY. StockNews.com raised Infosys from a “hold” rating to a “buy” rating in a research note on Wednesday, January 22nd. Hsbc Global Res raised Infosys from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 9th. Guggenheim reissued a “neutral” rating on shares of Infosys in a research note on Friday, January 17th. Finally, HSBC raised Infosys from a “hold” rating to a “buy” rating in a research note on Monday, December 9th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $20.22.

Infosys Stock Performance

NYSE:INFY opened at $20.76 on Thursday. The stock has a 50-day simple moving average of $22.00 and a 200-day simple moving average of $22.29. The stock has a market cap of $85.97 billion, a P/E ratio of 26.27, a P/E/G ratio of 3.50 and a beta of 1.00. Infosys Limited has a 1 year low of $16.04 and a 1 year high of $23.63.

Infosys (NYSE:INFY) last released its quarterly earnings data on Thursday, January 16th. The technology company reported $0.19 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.19. Infosys had a return on equity of 31.60% and a net margin of 17.28%. During the same quarter in the previous year, the company posted $0.18 earnings per share. On average, equities research analysts predict that Infosys Limited will post 0.74 EPS for the current year.

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.