Vontobel Holding Ltd. Increases Holdings in Infosys Limited (NYSE:INFY)

Vontobel Holding Ltd. increased its stake in shares of Infosys Limited (NYSE:INFY) by 0.1% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 823,951 shares of the technology company’s stock after buying an additional 671 shares during the quarter. Vontobel Holding Ltd.’s holdings in Infosys were worth $18,061,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in INFY. Mizuho Securities Co. Ltd. acquired a new stake in Infosys during the third quarter worth $33,000. Brooklyn Investment Group acquired a new stake in Infosys during the fourth quarter worth $52,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Infosys in the third quarter valued at $57,000. Whittier Trust Co. of Nevada Inc. grew its stake in shares of Infosys by 25.3% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 3,795 shares of the technology company’s stock valued at $85,000 after buying an additional 766 shares in the last quarter. Finally, GAMMA Investing LLC grew its stake in shares of Infosys by 14.2% in the fourth quarter. GAMMA Investing LLC now owns 4,496 shares of the technology company’s stock valued at $99,000 after buying an additional 560 shares in the last quarter. Institutional investors and hedge funds own 16.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Hsbc Global Res raised Infosys from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 9th. BMO Capital Markets lifted their price objective on Infosys from $23.00 to $25.00 and gave the company 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 research note on Monday, December 9th. StockNews.com raised Infosys from a “hold” rating to a “buy” rating in a research note on Wednesday, January 22nd. Finally, Guggenheim reissued a “neutral” rating on shares of Infosys in a research note on Friday, January 17th. Two analysts have rated the stock with a sell rating, three have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Infosys presently has an average rating of “Hold” and an average price target of $20.22.

Infosys Price Performance

Shares of NYSE INFY opened at $21.58 on Friday. The company has a market capitalization of $89.36 billion, a price-to-earnings ratio of 27.31, a price-to-earnings-growth ratio of 3.64 and a beta of 1.00. The business has a 50-day moving average of $22.35 and a two-hundred day moving average of $22.32. Infosys Limited has a 1 year low of $16.04 and a 1 year high of $23.63.

Infosys (NYSE:INFY) last announced its quarterly earnings results on Thursday, January 16th. The technology company reported $0.19 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates 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 business posted $0.18 earnings per share. As a group, equities research analysts expect that Infosys Limited will post 0.74 earnings per share for the current 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.