Mirabaud Asset Management Ltd Increases Stock Holdings in Infosys Limited (NYSE:INFY)

Mirabaud Asset Management Ltd boosted its position in shares of Infosys Limited (NYSE:INFY) by 7.5% in the 4th quarter, Holdings Channel.com reports. The fund owned 125,850 shares of the technology company’s stock after purchasing an additional 8,828 shares during the period. Infosys makes up 1.3% of Mirabaud Asset Management Ltd’s holdings, making the stock its 25th largest holding. Mirabaud Asset Management Ltd’s holdings in Infosys were worth $2,781,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of INFY. Sierra Ocean LLC bought a new position in Infosys in the 4th quarter valued at $29,000. Brooklyn Investment Group purchased a new stake in shares of Infosys in the fourth quarter worth $52,000. Wilmington Savings Fund Society FSB bought a new stake in Infosys during the third quarter valued at $57,000. Farther Finance Advisors LLC grew its position in Infosys by 69.7% during the fourth quarter. Farther Finance Advisors LLC now owns 3,115 shares of the technology company’s stock worth $68,000 after buying an additional 1,279 shares in the last quarter. Finally, GAMMA Investing LLC increased its stake in Infosys by 14.2% in the 4th quarter. GAMMA Investing LLC now owns 4,496 shares of the technology company’s stock worth $99,000 after acquiring an additional 560 shares during the last quarter. Institutional investors own 16.20% of the company’s stock.

Infosys Stock Performance

INFY stock opened at $16.58 on Friday. The firm has a market cap of $68.66 billion, a P/E ratio of 20.98, a P/E/G ratio of 3.50 and a beta of 1.01. The firm’s fifty day moving average is $20.08 and its 200 day moving average is $21.58. Infosys Limited has a 52 week low of $16.04 and a 52 week high of $23.63.

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, meeting 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 previous year, the company earned $0.18 EPS. As a group, analysts forecast that Infosys Limited will post 0.74 EPS for the current year.

Analyst Ratings Changes

INFY has been the subject of a number of research analyst reports. Guggenheim reiterated a “neutral” rating on shares of Infosys in a research report on Friday, January 17th. CLSA upgraded shares of Infosys from a “hold” rating to an “outperform” rating in a research report on Friday, March 7th. HSBC raised shares of Infosys from a “hold” rating to a “buy” rating in a report on Monday, December 9th. Hsbc Global Res raised shares of Infosys from a “hold” rating to a “strong-buy” rating in a report on Monday, December 9th. Finally, StockNews.com cut Infosys from a “buy” rating to a “hold” rating in a research note on Thursday, March 20th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $19.70.

Infosys 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.