Union Bancaire Privee UBP SA Invests $508,000 in Infosys Limited (NYSE:INFY)

Union Bancaire Privee UBP SA purchased a new stake in Infosys Limited (NYSE:INFY - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 23,890 shares of the technology company's stock, valued at approximately $508,000.

Other hedge funds also recently made changes to their positions in the company. Sierra Ocean LLC bought a new stake in shares of Infosys during the fourth quarter valued at about $29,000. Mizuho Securities Co. Ltd. purchased a new stake in Infosys during the third quarter valued at about $33,000. Brooklyn Investment Group acquired a new stake in shares of Infosys in the fourth quarter worth $52,000. Wilmington Savings Fund Society FSB acquired a new position in Infosys in the 3rd quarter valued at approximately $57,000. Finally, GAMMA Investing LLC grew 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 valued at $99,000 after purchasing an additional 560 shares in the last quarter. Institutional investors own 16.20% of the company's stock.

Infosys Price Performance

NYSE INFY traded down $0.42 during trading on Friday, reaching $20.09. 17,385,633 shares of the company's stock were exchanged, compared to its average volume of 10,140,540. The business has a 50 day moving average price of $21.94 and a 200-day moving average price of $22.28. The stock has a market capitalization of $83.19 billion, a P/E ratio of 25.42, a PEG 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 posted its 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 return on equity of 31.60% and a net margin of 17.28%. During the same period in the prior year, the business earned $0.18 EPS. On average, analysts forecast that Infosys Limited will post 0.74 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. StockNews.com raised Infosys from a "hold" rating to a "buy" rating in a report on Wednesday, January 22nd. Guggenheim reiterated a "neutral" rating on shares of Infosys in a research report on Friday, January 17th. Hsbc Global Res upgraded shares of Infosys from a "hold" rating to a "strong-buy" rating in a report on Monday, December 9th. Finally, HSBC upgraded shares of Infosys from a "hold" rating to a "buy" rating in a report on Monday, December 9th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $20.22.

Infosys Profile

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.