Polaris Capital Management LLC Trims Holdings in Infosys Ltd (NYSE:INFY)

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Polaris Capital Management LLC lowered its stake in shares of Infosys Ltd (NYSE:INFY) by 12.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,230,718 shares of the technology company’s stock after selling 2,597,500 shares during the quarter. Infosys accounts for 9.3% of Polaris Capital Management LLC’s investment portfolio, making the stock its 3rd largest holding. Polaris Capital Management LLC owned 0.43% of Infosys worth $207,283,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in INFY. Mondrian Investment Partners LTD lifted its holdings in Infosys by 414.8% during the 3rd quarter. Mondrian Investment Partners LTD now owns 17,733,893 shares of the technology company’s stock worth $201,634,000 after purchasing an additional 14,289,108 shares in the last quarter. Genesis Investment Management LLP purchased a new stake in shares of Infosys in the 3rd quarter valued at about $72,765,000. Morgan Stanley raised its holdings in shares of Infosys by 306.7% during the 2nd quarter. Morgan Stanley now owns 7,420,576 shares of the technology company’s stock valued at $79,400,000 after buying an additional 5,596,131 shares in the last quarter. NINE MASTS CAPITAL Ltd raised its holdings in shares of Infosys by 17,992.1% during the 2nd quarter. NINE MASTS CAPITAL Ltd now owns 5,273,294 shares of the technology company’s stock valued at $56,424,000 after buying an additional 5,244,147 shares in the last quarter. Finally, BNP Paribas Arbitrage SA raised its holdings in shares of Infosys by 370.3% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 6,323,528 shares of the technology company’s stock valued at $67,662,000 after buying an additional 4,978,991 shares in the last quarter. Institutional investors and hedge funds own 17.43% of the company’s stock.

A number of equities analysts recently weighed in on INFY shares. UBS Group cut Infosys from a “buy” rating to a “neutral” rating in a report on Monday, September 16th. Robert W. Baird set a $10.00 price objective on Infosys and gave the stock a “hold” rating in a research report on Monday, October 21st. Wells Fargo & Co reiterated a “hold” rating on shares of Infosys in a research report on Monday, October 21st. Citigroup lowered Infosys to a “hold” rating in a research report on Monday, October 14th. Finally, ValuEngine upgraded Infosys from a “strong sell” rating to a “sell” rating in a research note on Tuesday. Two research analysts have rated the stock with a sell rating and fourteen have given a hold rating to the company. Infosys has an average rating of “Hold” and a consensus price target of $11.23.

NYSE:INFY traded up $0.19 during mid-day trading on Wednesday, hitting $9.86. 8,169,791 shares of the company traded hands, compared to its average volume of 11,835,903. The firm has a market cap of $41.67 billion, a price-to-earnings ratio of 18.26, a price-to-earnings-growth ratio of 1.90 and a beta of 0.44. Infosys Ltd has a one year low of $8.76 and a one year high of $12.08. The stock’s fifty day moving average price is $9.75 and its 200-day moving average price is $10.71.

Infosys (NYSE:INFY) last posted its earnings results on Friday, October 11th. The technology company reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.01). Infosys had a return on equity of 25.70% and a net margin of 17.74%. The firm had revenue of $3.21 billion during the quarter, compared to analysts’ expectations of $3.20 billion. As a group, equities research analysts expect that Infosys Ltd will post 0.54 EPS for the current fiscal year.

About Infosys

Infosys Limited, together with its subsidiaries, provides consulting, technology, and outsourcing services in North America, Europe, India, and internationally. It provides business information technology services, including application development and maintenance, independent validation, infrastructure management, and business process management services, as well as engineering services, such as engineering and life cycle solutions; and consulting and systems integration services comprising consulting, enterprise solutions, systems integration, and advanced technologies.

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Institutional Ownership by Quarter for Infosys (NYSE:INFY)

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