Pictet Asset Management Holding SA Purchases 850,221 Shares of Infosys Limited (NYSE:INFY)

Pictet Asset Management Holding SA raised its holdings in shares of Infosys Limited (NYSE:INFY - Free Report) by 1,479.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 907,677 shares of the technology company's stock after buying an additional 850,221 shares during the quarter. Pictet Asset Management Holding SA's holdings in Infosys were worth $19,896,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of INFY. SG Americas Securities LLC acquired a new position in Infosys during the 4th quarter valued at $311,000. Jones Financial Companies Lllp raised its position in shares of Infosys by 15.9% during the fourth quarter. Jones Financial Companies Lllp now owns 7,520 shares of the technology company's stock valued at $165,000 after buying an additional 1,030 shares during the last quarter. Haven Global Partners LLC bought a new stake in shares of Infosys in the fourth quarter valued at about $4,078,000. Nomura Asset Management Co. Ltd. grew its position in Infosys by 22.5% during the third quarter. Nomura Asset Management Co. Ltd. now owns 670,907 shares of the technology company's stock worth $14,941,000 after buying an additional 123,083 shares in the last quarter. Finally, Barclays PLC increased its stake in Infosys by 11.8% during the third quarter. Barclays PLC now owns 2,523,605 shares of the technology company's stock valued at $56,200,000 after acquiring an additional 266,902 shares during the period. 16.20% of the stock is owned by institutional investors.

Infosys Stock Down 4.5 %

NYSE:INFY traded down $0.78 on Friday, reaching $16.58. The stock had a trading volume of 19,389,026 shares, compared to its average volume of 9,507,468. The company has a market capitalization of $68.66 billion, a P/E ratio of 20.98, a price-to-earnings-growth ratio of 3.50 and a beta of 1.01. Infosys Limited has a 1-year low of $16.04 and a 1-year high of $23.63. The stock has a fifty day moving average price of $20.08 and a 200-day moving average price of $21.57.

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

Analyst Ratings Changes

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

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.