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

Pictet Asset Management Holding SA increased its position in Infosys Limited (NYSE:INFY) by 1,479.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 907,677 shares of the technology company’s stock after purchasing an additional 850,221 shares during the period. Pictet Asset Management Holding SA’s holdings in Infosys were worth $19,896,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in INFY. Sava Infond d.o.o. purchased a new position in shares of Infosys during the fourth quarter valued at approximately $877,000. Ariadne Wealth Management LP raised its stake in Infosys by 24.6% during the fourth quarter. Ariadne Wealth Management LP now owns 17,602 shares of the technology company’s stock valued at $385,000 after buying an additional 3,473 shares during the last quarter. Segall Bryant & Hamill LLC boosted its holdings in Infosys by 610.8% in the fourth quarter. Segall Bryant & Hamill LLC now owns 111,600 shares of the technology company’s stock worth $2,446,000 after acquiring an additional 95,900 shares in the last quarter. LPL Financial LLC grew its stake in shares of Infosys by 25.1% in the fourth quarter. LPL Financial LLC now owns 241,927 shares of the technology company’s stock worth $5,303,000 after acquiring an additional 48,476 shares during the last quarter. Finally, Fox Run Management L.L.C. increased its holdings in shares of Infosys by 26.8% during the fourth quarter. Fox Run Management L.L.C. now owns 32,730 shares of the technology company’s stock valued at $717,000 after acquiring an additional 6,927 shares in the last quarter. Institutional investors own 16.20% of the company’s stock.

Wall Street Analyst Weigh In

INFY has been the topic of a number of analyst reports. Hsbc Global Res upgraded shares of Infosys from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 9th. StockNews.com cut shares of Infosys from a “buy” rating to a “hold” rating in a report on Thursday, March 20th. HSBC upgraded shares of Infosys from a “hold” rating to a “buy” rating in a report on Monday, December 9th. Guggenheim reiterated a “neutral” rating on shares of Infosys in a research note on Friday, January 17th. Finally, CLSA upgraded 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 issued a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Infosys has an average rating of “Hold” and a consensus target price of $19.70.

Infosys Trading Up 0.5 %

INFY opened at $18.27 on Tuesday. Infosys Limited has a 1-year low of $16.04 and a 1-year high of $23.63. The firm’s 50 day simple moving average is $20.40 and its two-hundred day simple moving average is $21.71. The company has a market capitalization of $75.66 billion, a PE ratio of 23.12, a PEG ratio of 3.50 and a beta of 1.01.

Infosys (NYSE:INFY) last released its earnings results 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 quarter in the prior year, the firm earned $0.18 EPS. Equities analysts forecast that Infosys Limited will post 0.74 earnings per share for the current fiscal 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.