Bank Julius Baer & Co. Ltd Zurich Acquires 3,045,656 Shares of Infosys Limited (NYSE:INFY)

Bank Julius Baer & Co. Ltd Zurich increased its holdings in Infosys Limited (NYSE:INFY) by 1,668.3% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 3,228,211 shares of the technology company’s stock after buying an additional 3,045,656 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich’s holdings in Infosys were worth $75,470,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the business. QRG Capital Management Inc. grew its stake in shares of Infosys by 32.5% in the third quarter. QRG Capital Management Inc. now owns 52,946 shares of the technology company’s stock worth $1,179,000 after acquiring an additional 12,991 shares during the period. Advisor Resource Council purchased a new stake in Infosys in the third quarter worth approximately $202,000. Summit Global Investments grew its position in Infosys by 29.9% in the 3rd quarter. Summit Global Investments now owns 127,655 shares of the technology company’s stock worth $2,843,000 after purchasing an additional 29,375 shares during the period. Assetmark Inc. raised its stake in Infosys by 37.4% during the 3rd quarter. Assetmark Inc. now owns 25,963 shares of the technology company’s stock valued at $578,000 after buying an additional 7,066 shares during the last quarter. Finally, Crossmark Global Holdings Inc. lifted its holdings in shares of Infosys by 41.1% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 223,907 shares of the technology company’s stock valued at $4,986,000 after buying an additional 65,189 shares during the period. Hedge funds and other institutional investors own 16.20% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. CLSA raised Infosys from a “hold” rating to an “outperform” rating in a report on Friday. Guggenheim restated a “neutral” rating on shares of Infosys in a research note on Friday, January 17th. StockNews.com raised shares of Infosys from a “hold” rating to a “buy” rating in a research report on Wednesday, January 22nd. HSBC raised shares of Infosys from a “hold” rating to a “buy” rating in a report on Monday, December 9th. Finally, Hsbc Global Res raised shares of Infosys from a “hold” rating to a “strong-buy” rating in a report on Monday, December 9th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, six have assigned 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 “Moderate Buy” and an average price target of $20.22.

Infosys Trading Up 0.4 %

Shares of NYSE:INFY opened at $19.84 on Friday. Infosys Limited has a 12-month low of $16.04 and a 12-month high of $23.63. The company has a market cap of $82.17 billion, a PE ratio of 25.11, a price-to-earnings-growth ratio of 3.50 and a beta of 1.00. The stock has a 50 day moving average of $21.60 and a 200 day moving average of $22.20.

Infosys (NYSE:INFY) last announced its quarterly earnings data 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 net margin of 17.28% and a return on equity of 31.60%. During the same period in the previous year, the firm earned $0.18 earnings per share. 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.