OVERSEA CHINESE BANKING Corp Ltd Makes New $307,000 Investment in Infosys Limited (NYSE:INFY)

OVERSEA CHINESE BANKING Corp Ltd bought a new position in Infosys Limited (NYSE:INFY - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund bought 14,000 shares of the technology company's stock, valued at approximately $307,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of INFY. Sierra Ocean LLC bought a new stake in Infosys in the fourth quarter worth $29,000. Brooklyn Investment Group bought a new stake in shares of Infosys in the 4th quarter worth about $52,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Infosys during the 3rd quarter worth about $57,000. Farther Finance Advisors LLC grew its holdings in Infosys by 69.7% during the 4th quarter. Farther Finance Advisors LLC now owns 3,115 shares of the technology company's stock valued at $68,000 after purchasing an additional 1,279 shares during the last quarter. Finally, GAMMA Investing LLC raised its position in Infosys by 14.2% in 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 during the period. Hedge funds and other institutional investors own 16.20% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on INFY shares. Hsbc Global Res raised Infosys from a "hold" rating to a "strong-buy" rating in a research note on Monday, December 9th. HSBC upgraded Infosys from a "hold" rating to a "buy" rating in a research note on Monday, December 9th. CLSA raised shares of Infosys from a "hold" rating to an "outperform" rating in a research note on Friday, March 7th. Guggenheim reaffirmed a "neutral" rating on shares of Infosys in a research note on Friday, January 17th. Finally, StockNews.com cut shares of Infosys from a "buy" rating to a "hold" rating in a research report on Thursday, March 20th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Infosys has a consensus rating of "Hold" and an average target price of $19.70.

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Infosys Stock Up 1.5 %

Shares of INFY stock traded up $0.27 on Tuesday, hitting $18.86. The stock had a trading volume of 11,605,329 shares, compared to its average volume of 9,355,374. Infosys Limited has a one year low of $16.04 and a one year high of $23.81. The business has a 50 day moving average price of $20.73 and a 200 day moving average price of $21.86. The company has a market cap of $78.12 billion, a PE ratio of 23.87, a P/E/G ratio of 3.50 and a beta of 1.01.

Infosys (NYSE:INFY - Get Free Report) last posted its quarterly earnings results on Thursday, January 16th. The technology company reported $0.19 EPS for the quarter, meeting the consensus estimate of $0.19. Infosys had a net margin of 17.28% and a return on equity of 31.60%. During the same period last year, the company posted $0.18 earnings per share. Equities research analysts expect that Infosys Limited will post 0.74 EPS for the current year.

About Infosys

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.