Union Bancaire Privee UBP SA Purchases Shares of 23,890 Infosys Limited (NYSE:INFY)

Union Bancaire Privee UBP SA acquired a new position in shares of Infosys Limited (NYSE:INFY) in the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 23,890 shares of the technology company’s stock, valued at approximately $508,000.

A number of other large investors have also recently made changes to their positions in INFY. Outlook Wealth Advisors LLC boosted its position in shares of Infosys by 2.8% during the 4th quarter. Outlook Wealth Advisors LLC now owns 18,405 shares of the technology company’s stock worth $403,000 after acquiring an additional 508 shares in the last quarter. Canopy Partners LLC increased its stake in Infosys by 3.1% in the third quarter. Canopy Partners LLC now owns 17,129 shares of the technology company’s stock valued at $381,000 after purchasing an additional 522 shares during the last quarter. GAMMA Investing LLC raised its holdings in Infosys by 14.2% during the fourth quarter. GAMMA Investing LLC now owns 4,496 shares of the technology company’s stock worth $99,000 after purchasing an additional 560 shares in the last quarter. Flagship Harbor Advisors LLC lifted its position in shares of Infosys by 6.2% during the 4th quarter. Flagship Harbor Advisors LLC now owns 11,026 shares of the technology company’s stock worth $242,000 after buying an additional 641 shares during the last quarter. Finally, Modera Wealth Management LLC boosted its holdings in shares of Infosys by 0.4% in the 3rd quarter. Modera Wealth Management LLC now owns 183,028 shares of the technology company’s stock valued at $4,076,000 after buying an additional 653 shares in the last quarter. 16.20% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

INFY has been the topic of several research analyst reports. BMO Capital Markets lifted their price target on shares of Infosys from $23.00 to $25.00 and gave the stock a “market perform” rating in a research note on Friday, October 18th. HSBC raised Infosys from a “hold” rating to a “buy” rating in a report on Monday, December 9th. 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 note on Monday, December 9th. Finally, Guggenheim restated a “neutral” rating on shares of Infosys in a research report on Friday, January 17th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Infosys currently has a consensus rating of “Hold” and a consensus price target of $20.22.

Infosys Price Performance

Shares of NYSE INFY opened at $21.54 on Wednesday. The stock has a fifty day moving average price of $22.49 and a 200 day moving average price of $22.29. Infosys Limited has a 1-year low of $16.04 and a 1-year high of $23.63. The company has a market cap of $89.20 billion, a PE ratio of 27.26, a P/E/G ratio of 3.54 and a beta of 1.00.

Infosys (NYSE:INFY) last released 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 period in the previous year, the firm posted $0.18 earnings per share. Analysts anticipate 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.