Infosys LTD Adr (INFY) Holder Fisher Asset Management LLC Lowered Its Position by $6.69 Million

April 17, 2018 - By Rodney Autry

Infosys Limited (NYSE:INFY) Logo

Ken Fisher decreased its stake in Infosys Ltd Adr (INFY) by 1.85% based on its latest 2017Q4 regulatory filing with the SEC. Fisher Asset Management Llc sold 418,082 shares as the company’s stock rose 10.06% while stock markets declined. The hedge fund run by Ken Fisher held 22.14M shares of the edp services company at the end of 2017Q4, valued at $359.14M, down from 22.56M at the end of the previous reported quarter. Fisher Asset Management Llc who had been investing in Infosys Ltd Adr for a number of months, seems to be less bullish one the $39.60 billion market cap company. The stock decreased 0.94% or $0.16 during the last trading session, reaching $16.83. About 8.63M shares traded or 38.63% up from the average. Infosys Limited (NYSE:INFY) has risen 12.51% since April 17, 2017 and is uptrending. It has outperformed by 0.96% the S&P500.

Fisher Asset Management Llc, which manages about $76.56 billion US Long portfolio, upped its stake in Pfizer Inc (NYSE:PFE) by 1.25 million shares to 36.37 million shares, valued at $1.32 billion in 2017Q4, according to the filing. It also increased its holding in Ubs Group Ag (NYSE:UBS) by 1.60 million shares in the quarter, for a total of 42.91 million shares, and has risen its stake in Bayer A G Adr (BAYRY).

Infosys Limited (NYSE:INFY) Ratings Coverage

Among 9 analysts covering Infosys Limited (NYSE:INFY), 2 have Buy rating, 2 Sell and 5 Hold. Therefore 22% are positive. Infosys Limited had 12 analyst reports since November 10, 2017 according to SRatingsIntel. Robert W. Baird maintained Infosys Limited (NYSE:INFY) rating on Tuesday, April 3. Robert W. Baird has “Hold” rating and $1800 target. The stock has “Negative” rating by Susquehanna on Monday, February 5. The rating was maintained by Susquehanna on Monday, April 16 with “Sell”. The company was maintained on Thursday, January 4 by Robert W. Baird. The stock has “Buy” rating by Jefferies on Monday, April 16. The firm has “Hold” rating by Cowen & Co given on Monday, January 15. The stock has “Hold” rating by Robert W. Baird on Friday, November 10. The stock has “Hold” rating by KeyBanc Capital Markets on Thursday, November 16. Stifel Nicolaus maintained it with “Hold” rating and $1600 target in Friday, April 13 report. As per Monday, February 5, the company rating was upgraded by Goldman Sachs.

Infosys Limited (NYSE:INFY) Ratings Chart

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