Bank Julius Baer & Co. Ltd Zurich grew its position in shares of Infosys Limited (NYSE:INFY - Free Report) by 1,668.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,228,211 shares of the technology company's stock after acquiring an additional 3,045,656 shares during the period. Bank Julius Baer & Co. Ltd Zurich owned about 0.08% of Infosys worth $75,470,000 as of its most recent SEC filing.
Other institutional investors also recently modified their holdings of the company. Sierra Ocean LLC bought a new position in Infosys during the 4th quarter valued at approximately $29,000. Mizuho Securities Co. Ltd. purchased a new position in shares of Infosys during the third quarter valued at approximately $33,000. Brooklyn Investment Group bought a new position in shares of Infosys during the fourth quarter valued at approximately $52,000. Wilmington Savings Fund Society FSB purchased a new stake in Infosys in the third quarter worth $57,000. Finally, GAMMA Investing LLC lifted its stake in Infosys by 14.2% in the fourth quarter. GAMMA Investing LLC now owns 4,496 shares of the technology company's stock worth $99,000 after acquiring an additional 560 shares during the period. 16.20% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Several brokerages have commented on INFY. Hsbc Global Res upgraded shares of Infosys from a "hold" rating to a "strong-buy" rating in a report on Monday, December 9th. StockNews.com upgraded shares of Infosys from a "hold" rating to a "buy" rating in a research report on Wednesday, January 22nd. HSBC upgraded shares of Infosys from a "hold" rating to a "buy" rating in a report on Monday, December 9th. CLSA upgraded Infosys from a "hold" rating to an "outperform" rating in a report on Friday. Finally, Guggenheim restated a "neutral" rating on shares of Infosys in a research note on Friday, January 17th. Two analysts have rated the stock with a sell rating, three have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $20.22.
Check Out Our Latest Report on INFY
Infosys Stock Performance
Shares of NYSE INFY opened at $19.84 on Friday. The company has a 50 day simple moving average of $21.60 and a two-hundred day simple moving average of $22.20. The company has a market capitalization of $82.17 billion, a price-to-earnings ratio of 25.11, a P/E/G ratio of 3.50 and a beta of 1.00. Infosys Limited has a fifty-two week low of $16.04 and a fifty-two week high of $23.63.
Infosys (NYSE:INFY - Get Free Report) last announced its quarterly earnings results on Thursday, January 16th. The technology company reported $0.19 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.19. Infosys had a net margin of 17.28% and a return on equity of 31.60%. During the same period in the previous year, the business posted $0.18 EPS. On average, analysts forecast that Infosys Limited will post 0.74 earnings per share for the current fiscal year.
Infosys Company Profile
(
Free Report)
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.
See Also
Want to see what other hedge funds are holding INFY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Infosys Limited (NYSE:INFY - Free Report).
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