Union Bancaire Privee UBP SA Buys New Holdings in Infosys Limited (NYSE:INFY)

Union Bancaire Privee UBP SA bought a new stake in Infosys Limited (NYSE:INFY) in the 4th quarter, Holdings Channel.com reports. The firm bought 23,890 shares of the technology company’s stock, valued at approximately $508,000.

Other hedge funds have also bought and sold shares of the company. Sierra Ocean LLC acquired a new stake in Infosys in the 4th quarter valued at about $29,000. Mizuho Securities Co. Ltd. acquired a new stake in Infosys in the 3rd quarter valued at about $33,000. Brooklyn Investment Group acquired a new stake in Infosys in the 4th quarter valued at about $52,000. Wilmington Savings Fund Society FSB acquired a new stake in Infosys in the 3rd quarter valued at about $57,000. Finally, GAMMA Investing LLC lifted its stake in Infosys by 14.2% in the 4th 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 during the last quarter. 16.20% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Infosys Trading Down 1.8 %

Shares of INFY opened at $20.79 on Tuesday. Infosys Limited has a 12 month low of $16.04 and a 12 month high of $23.63. The firm’s 50 day moving average is $22.08 and its 200-day moving average is $22.31. The stock has a market capitalization of $86.09 billion, a PE ratio of 26.31, a P/E/G ratio of 3.50 and a beta of 1.00.

Infosys (NYSE:INFY) last announced its earnings results on Thursday, January 16th. The technology company reported $0.19 EPS for the quarter, hitting the consensus estimate of $0.19. Infosys had a net margin of 17.28% and a return on equity of 31.60%. During the same quarter in the previous year, the firm earned $0.18 EPS. Equities research analysts predict that Infosys Limited will post 0.74 earnings per share for the current fiscal year.

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.