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

Union Bancaire Privee UBP SA bought a new stake in shares of Infosys Limited (NYSE:INFY) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund bought 23,890 shares of the technology company’s stock, valued at approximately $508,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Sierra Ocean LLC bought a new stake in shares of Infosys in the 4th quarter valued at $29,000. Mizuho Securities Co. Ltd. bought a new stake in shares of Infosys in the 3rd quarter valued at $33,000. Brooklyn Investment Group bought a new stake in shares of Infosys in the 4th quarter valued at $52,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Infosys in the 3rd quarter valued at $57,000. Finally, GAMMA Investing LLC increased its position in shares of 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 buying an additional 560 shares in the last quarter. Institutional investors own 16.20% of the company’s stock.

Infosys Price Performance

Infosys stock opened at $20.79 on Tuesday. The firm has a 50-day moving average of $22.08 and a 200-day moving average of $22.31. Infosys Limited has a one year low of $16.04 and a one year high of $23.63. The company has a market cap of $86.09 billion, a price-to-earnings ratio of 26.31, a P/E/G ratio of 3.50 and a beta of 1.00.

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

Wall Street Analyst Weigh In

A number of research firms recently commented on INFY. StockNews.com upgraded shares of Infosys from a “hold” rating to a “buy” rating in a research report on Wednesday, January 22nd. Hsbc Global Res upgraded shares of Infosys from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 9th. HSBC upgraded Infosys from a “hold” rating to a “buy” rating in a report on Monday, December 9th. Finally, Guggenheim reiterated a “neutral” rating on shares of Infosys in a report on Friday, January 17th. Two research 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 company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $20.22.

About Infosys

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.