Union Bancaire Privee UBP SA Buys 53,628 Shares of Infosys Limited (NYSE:INFY)

Union Bancaire Privee UBP SA raised its stake in Infosys Limited (NYSE:INFY - Free Report) by 224.5% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 77,518 shares of the technology company's stock after buying an additional 53,628 shares during the quarter. Union Bancaire Privee UBP SA's holdings in Infosys were worth $1,344,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of INFY. Yousif Capital Management LLC raised its position in Infosys by 8.9% in the 4th quarter. Yousif Capital Management LLC now owns 68,851 shares of the technology company's stock valued at $1,509,000 after purchasing an additional 5,613 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in Infosys by 25.0% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 15,000 shares of the technology company's stock valued at $329,000 after buying an additional 3,000 shares during the period. Kestra Private Wealth Services LLC raised its position in Infosys by 3.3% during the 4th quarter. Kestra Private Wealth Services LLC now owns 54,564 shares of the technology company's stock worth $1,196,000 after buying an additional 1,755 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its stake in shares of Infosys by 1.4% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,393,557 shares of the technology company's stock worth $31,521,000 after acquiring an additional 19,440 shares during the period. Finally, Van ECK Associates Corp lifted its stake in shares of Infosys by 2.8% in the 4th quarter. Van ECK Associates Corp now owns 429,959 shares of the technology company's stock worth $9,425,000 after acquiring an additional 11,658 shares during the period. 16.20% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the stock. Susquehanna raised shares of Infosys from a "negative" rating to a "neutral" rating and set a $17.00 price target on the stock in a research note on Monday, April 14th. CLSA upgraded Infosys from a "hold" rating to an "outperform" rating in a research report on Friday, March 7th. BMO Capital Markets decreased their price objective on shares of Infosys from $25.00 to $18.00 and set a "market perform" rating on the stock in a research report on Monday, April 21st. Wall Street Zen upgraded shares of Infosys from a "hold" rating to a "buy" rating in a report on Friday, May 16th. Finally, Investec raised shares of Infosys from a "sell" rating to a "buy" rating in a report on Friday, April 18th. Six research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $17.48.

Infosys Stock Up 1.7%

INFY stock traded up $0.31 during trading on Monday, reaching $18.73. 9,600,123 shares of the company's stock were exchanged, compared to its average volume of 11,164,156. Infosys Limited has a 1-year low of $15.82 and a 1-year high of $23.63. The firm has a market cap of $77.61 billion, a PE ratio of 23.71, a P/E/G ratio of 3.50 and a beta of 0.98. The company's fifty day moving average price is $17.76 and its 200-day moving average price is $19.92.

Infosys (NYSE:INFY - Get Free Report) last announced its quarterly earnings data on Thursday, April 17th. The technology company reported $0.20 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.01. Infosys had a return on equity of 31.60% and a net margin of 17.28%. The business had revenue of $4.79 billion during the quarter, compared to analyst estimates of $420.69 billion. During the same quarter in the prior year, the firm posted $0.23 earnings per share. As a group, sell-side analysts expect 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.