Erste Asset Management GmbH Increases Stake in Infosys Limited (NYSE:INFY)

Erste Asset Management GmbH increased its holdings in Infosys Limited (NYSE:INFY) by 6.9% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 513,000 shares of the technology company’s stock after buying an additional 33,000 shares during the quarter. Erste Asset Management GmbH’s holdings in Infosys were worth $11,532,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of INFY. BHK Investment Advisors LLC increased its stake in shares of Infosys by 2.3% in the fourth quarter. BHK Investment Advisors LLC now owns 22,785 shares of the technology company’s stock worth $499,000 after purchasing an additional 507 shares in the last quarter. Outlook Wealth Advisors LLC lifted its position in Infosys by 2.8% in the fourth quarter. Outlook Wealth Advisors LLC now owns 18,405 shares of the technology company’s stock worth $403,000 after buying an additional 508 shares during the last quarter. Canopy Partners LLC grew its position in Infosys by 3.1% in the 3rd quarter. Canopy Partners LLC now owns 17,129 shares of the technology company’s stock valued at $381,000 after acquiring an additional 522 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of Infosys by 14.2% during the fourth quarter. GAMMA Investing LLC now owns 4,496 shares of the technology company’s stock valued at $99,000 after acquiring an additional 560 shares in the last quarter. Finally, Flagship Harbor Advisors LLC lifted its stake in Infosys by 6.2% in the fourth quarter. Flagship Harbor Advisors LLC now owns 11,026 shares of the technology company’s stock worth $242,000 after acquiring an additional 641 shares during the period. 16.20% of the stock is currently owned by hedge funds and other institutional investors.

Infosys Price Performance

Shares of Infosys stock opened at $18.27 on Friday. The firm’s fifty day simple moving average is $21.33 and its 200-day simple moving average is $22.10. Infosys Limited has a 12 month low of $16.04 and a 12 month high of $23.63. The stock has a market capitalization of $75.66 billion, a price-to-earnings ratio of 23.12, a PEG ratio of 3.50 and a beta of 1.01.

Infosys (NYSE:INFY) last announced its earnings results on Thursday, January 16th. The technology company reported $0.19 earnings per share for the quarter, meeting the consensus estimate of $0.19. Infosys had a return on equity of 31.60% and a net margin of 17.28%. During the same period in the prior year, the company posted $0.18 EPS. Analysts anticipate that Infosys Limited will post 0.74 earnings per share for the current year.

Analyst Ratings Changes

INFY has been the topic of several recent analyst reports. StockNews.com lowered Infosys from a “buy” rating to a “hold” rating in a research report on Monday. HSBC upgraded Infosys from a “hold” rating to a “buy” rating in a research note on Monday, December 9th. Guggenheim reiterated a “neutral” rating on shares of Infosys in a report on Friday, January 17th. Hsbc Global Res upgraded shares of Infosys from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 9th. Finally, CLSA raised Infosys from a “hold” rating to an “outperform” rating in a report on Friday, March 7th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Infosys presently has a consensus rating of “Hold” and an average price target of $19.78.

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.