Parsec Financial Management Has Increased Infosys Technologies (INFY) Position; SYMMETRY TECH COMMON (SMMR) Sellers Increased By 150% Their Shorts

February 15, 2018 - By Adrian Erickson

Parsec Financial Management Inc increased Infosys Technologies (INFY) stake by 220.38% reported in 2017Q3 SEC filing. Parsec Financial Management Inc acquired 144,218 shares as Infosys Technologies (INFY)’s stock rose 1.88%. The Parsec Financial Management Inc holds 209,658 shares with $3.06 million value, up from 65,440 last quarter. Infosys Technologies now has $37.97 billion valuation. The stock increased 0.63% or $0.11 during the last trading session, reaching $17.57. About 6.54 million shares traded or 12.38% up from the average. Infosys Limited (NYSE:INFY) has declined 17.92% since February 15, 2017 and is downtrending. It has underperformed by 34.62% the S&P500.

SYMMETRY TECH COMMON (OTCMKTS:SMMR) had an increase of 150% in short interest. SMMR’s SI was 500 shares in February as released by FINRA. Its up 150% from 200 shares previously. It closed at $0.0195 lastly. It is down 0.00% since February 15, 2017 and is . It has underperformed by 16.70% the S&P500.

Parsec Financial Management Inc decreased Time Warner Inc (NYSE:TWX) stake by 186,452 shares to 71,952 valued at $7.37 million in 2017Q3. It also reduced Travelers Companies Inc Com (NYSE:TRV) stake by 3,093 shares and now owns 40,328 shares. Paychex (NASDAQ:PAYX) was reduced too.

Among 21 analysts covering Infosys (NYSE:INFY), 5 have Buy rating, 2 Sell and 14 Hold. Therefore 24% are positive. Infosys had 39 analyst reports since July 24, 2015 according to SRatingsIntel. Stifel Nicolaus maintained Infosys Limited (NYSE:INFY) on Friday, July 14 with “Hold” rating. The stock has “Neutral” rating by Sterne Agee CRT on Thursday, December 17. CLSA downgraded Infosys Limited (NYSE:INFY) on Friday, January 6 to “Underperform” rating. The rating was initiated by Cantor Fitzgerald on Friday, October 16 with “Hold”. The stock has “Buy” rating by Jefferies on Wednesday, October 11. The firm has “Hold” rating by KeyBanc Capital Markets given on Thursday, November 16. The firm has “Neutral” rating given on Friday, September 9 by Wedbush. The stock of Infosys Limited (NYSE:INFY) has “Neutral” rating given on Monday, October 12 by Susquehanna. The rating was upgraded by Goldman Sachs on Monday, February 5 to “Buy”. The rating was maintained by BMO Capital Markets on Friday, January 12 with “Hold”.

Symmetry Technologies Inc. develops data center, infrastructure, and network solutions. The company has market cap of $. It provides managed information technology services, including maintenance plans that include planned service for network, reducing possibilities for unplanned outages; and networking services comprising professional implementation services for network projects. It currently has negative earnings.

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