MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH Has $7.56 Million Stock Holdings in Infosys Limited (NYSE:INFY)

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH decreased its stake in shares of Infosys Limited (NYSE:INFY) by 1.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 341,921 shares of the technology company’s stock after selling 5,499 shares during the period. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH’s holdings in Infosys were worth $7,556,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. SG Americas Securities LLC acquired a new stake in shares of Infosys in the 4th quarter valued at $311,000. Simon Quick Advisors LLC boosted its stake in shares of Infosys by 10.5% in the 4th quarter. Simon Quick Advisors LLC now owns 10,657 shares of the technology company’s stock valued at $234,000 after purchasing an additional 1,014 shares during the last quarter. Atomi Financial Group Inc. raised its stake in shares of Infosys by 1.7% during the fourth quarter. Atomi Financial Group Inc. now owns 38,263 shares of the technology company’s stock worth $839,000 after buying an additional 655 shares during the last quarter. Perpetual Ltd boosted its stake in Infosys by 20.3% in the fourth quarter. Perpetual Ltd now owns 681,729 shares of the technology company’s stock valued at $14,944,000 after acquiring an additional 115,068 shares during the last quarter. Finally, Ballentine Partners LLC grew its holdings in Infosys by 6.8% during the 4th quarter. Ballentine Partners LLC now owns 82,824 shares of the technology company’s stock worth $1,816,000 after acquiring an additional 5,307 shares during the period. Institutional investors own 16.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on INFY shares. Investec downgraded Infosys from a “hold” rating to a “sell” rating in a research note on Thursday, October 3rd. Hsbc Global Res upgraded Infosys from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 9th. Guggenheim reaffirmed a “neutral” rating on shares of Infosys in a research note on Friday, January 17th. StockNews.com raised shares of Infosys from a “hold” rating to a “buy” rating in a research note on Wednesday. Finally, BMO Capital Markets upped their target price on shares of Infosys from $23.00 to $25.00 and gave the company a “market perform” rating in a research note on Friday, October 18th. Two research analysts have rated the stock with a sell rating, three have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Infosys presently has a consensus rating of “Hold” and an average price target of $20.22.

Infosys Stock Performance

Shares of INFY stock opened at $21.77 on Friday. Infosys Limited has a 52 week low of $16.04 and a 52 week high of $23.63. The company’s 50 day moving average price is $22.49 and its two-hundred day moving average price is $22.23. The company has a market capitalization of $90.19 billion, a P/E ratio of 27.56, a price-to-earnings-growth ratio of 3.54 and a beta of 1.00.

Infosys (NYSE:INFY) last issued its quarterly earnings data on Thursday, January 16th. The technology company reported $0.19 EPS for the quarter, hitting analysts’ consensus estimates of $0.19. Infosys had a net margin of 17.28% and a return on equity of 31.60%. During the same quarter last year, the business earned $0.18 EPS. Analysts forecast that Infosys Limited will post 0.74 earnings per share for the current 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.