Raiffeisen Bank International AG Acquires Shares of 209,550 Infosys Limited (NYSE:INFY)

Raiffeisen Bank International AG acquired a new stake in Infosys Limited (NYSE:INFY) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 209,550 shares of the technology company’s stock, valued at approximately $4,631,000.

Other large investors also recently modified their holdings of the company. Sierra Ocean LLC purchased a new stake in shares of Infosys in the 4th quarter valued at approximately $29,000. Brooklyn Investment Group purchased a new stake in shares of Infosys in the 4th quarter valued at approximately $52,000. Farther Finance Advisors LLC grew its position in shares of Infosys by 69.7% in the 4th quarter. Farther Finance Advisors LLC now owns 3,115 shares of the technology company’s stock valued at $68,000 after buying an additional 1,279 shares during the last quarter. Principal Securities Inc. grew its position in shares of Infosys by 210.1% in the 4th quarter. Principal Securities Inc. now owns 4,822 shares of the technology company’s stock valued at $106,000 after buying an additional 3,267 shares during the last quarter. Finally, KLP Kapitalforvaltning AS purchased a new position in shares of Infosys in the 4th quarter valued at $132,000. 16.20% of the stock is owned by hedge funds and other institutional investors.

Infosys Stock Performance

Shares of Infosys stock opened at $18.69 on Friday. Infosys Limited has a 1 year low of $15.82 and a 1 year high of $23.63. The company has a market capitalization of $77.42 billion, a P/E ratio of 23.66, a PEG ratio of 3.50 and a beta of 0.98. The company’s fifty day moving average is $17.71 and its two-hundred day moving average is $20.46.

Infosys (NYSE:INFY) last issued its quarterly earnings data on Thursday, April 17th. The technology company reported $0.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.01. Infosys had a net margin of 17.28% and a return on equity of 31.60%. The company had revenue of $4.79 billion for the quarter, compared to the consensus estimate of $420.69 billion. During the same period last year, the firm posted $0.23 EPS. As a group, equities analysts expect that Infosys Limited will post 0.74 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on INFY shares. BMO Capital Markets dropped their target price on shares of Infosys from $25.00 to $18.00 and set a “market perform” rating on the stock in a research report on Monday, April 21st. Investec raised shares of Infosys from a “sell” rating to a “buy” rating in a research report on Friday, April 18th. Stifel Nicolaus dropped their target price on shares of Infosys from $18.00 to $17.00 and set a “hold” rating on the stock in a research report on Monday, April 21st. CLSA raised shares of Infosys from a “hold” rating to an “outperform” rating in a research report on Friday, March 7th. Finally, Guggenheim reaffirmed a “neutral” rating on shares of Infosys in a research report on Friday, January 17th. Seven research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $17.48.

Infosys Company 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.