Infosys Limited (NYSE:INFY) Position Increased by Bank Pictet & Cie Europe AG

Bank Pictet & Cie Europe AG raised its position in shares of Infosys Limited (NYSE:INFY) by 71.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 17,850 shares of the technology company’s stock after buying an additional 7,457 shares during the quarter. Bank Pictet & Cie Europe AG’s holdings in Infosys were worth $391,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of INFY. Banque Pictet & Cie SA increased its holdings in shares of Infosys by 1.4% in the 4th quarter. Banque Pictet & Cie SA now owns 114,928 shares of the technology company’s stock valued at $2,519,000 after purchasing an additional 1,600 shares during the period. V Square Quantitative Management LLC increased its holdings in shares of Infosys by 32.3% in the 4th quarter. V Square Quantitative Management LLC now owns 42,115 shares of the technology company’s stock valued at $953,000 after purchasing an additional 10,291 shares during the period. Van ECK Associates Corp increased its holdings in shares of Infosys by 2.8% in the 4th quarter. Van ECK Associates Corp now owns 429,959 shares of the technology company’s stock valued at $9,425,000 after purchasing an additional 11,658 shares during the period. Allspring Global Investments Holdings LLC increased its holdings in shares of Infosys by 1.4% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,393,557 shares of the technology company’s stock valued at $31,521,000 after purchasing an additional 19,440 shares during the period. Finally, Kestra Private Wealth Services LLC increased its holdings in shares of Infosys by 3.3% in the 4th quarter. Kestra Private Wealth Services LLC now owns 54,564 shares of the technology company’s stock valued at $1,196,000 after purchasing an additional 1,755 shares during the period. 16.20% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on INFY shares. StockNews.com upgraded Infosys from a “hold” rating to a “buy” rating in a report on Wednesday, January 22nd. HSBC upgraded Infosys from a “hold” rating to a “buy” rating in a report on Monday, December 9th. Guggenheim restated a “neutral” rating on shares of Infosys in a report on Friday, January 17th. Finally, Hsbc Global Res upgraded Infosys from a “hold” rating to a “strong-buy” rating in a report on Monday, December 9th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $20.22.

Infosys Stock Down 0.8 %

Shares of INFY stock opened at $21.58 on Friday. Infosys Limited has a 12 month low of $16.04 and a 12 month high of $23.63. The company has a market cap of $89.36 billion, a PE ratio of 27.31, a price-to-earnings-growth ratio of 3.64 and a beta of 1.00. The business’s 50 day moving average is $22.33 and its two-hundred day moving average is $22.31.

Infosys (NYSE:INFY) last posted its quarterly earnings data on Thursday, January 16th. The technology company reported $0.19 earnings per share 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 previous year, the business earned $0.18 earnings per share. As a group, equities analysts expect that Infosys Limited will post 0.74 EPS for the current fiscal year.

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.