Union Bancaire Privee UBP SA Purchases 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% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 77,518 shares of the technology company's stock after buying an additional 53,628 shares during the period. Union Bancaire Privee UBP SA's holdings in Infosys were worth $1,344,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the stock. Sierra Ocean LLC acquired a new stake in Infosys during the 4th quarter valued at $29,000. Farther Finance Advisors LLC grew its position in shares of Infosys by 69.7% in the fourth quarter. Farther Finance Advisors LLC now owns 3,115 shares of the technology company's stock valued at $68,000 after purchasing an additional 1,279 shares during the last quarter. Principal Securities Inc. increased its stake in shares of Infosys by 210.1% in the fourth quarter. Principal Securities Inc. now owns 4,822 shares of the technology company's stock worth $106,000 after purchasing an additional 3,267 shares during the period. GAMMA Investing LLC lifted its position in shares of Infosys by 32.4% during the 1st quarter. GAMMA Investing LLC now owns 5,951 shares of the technology company's stock worth $109,000 after purchasing an additional 1,455 shares during the last quarter. Finally, Fairtree Asset Management Pty Ltd bought a new stake in Infosys during the 4th quarter valued at approximately $130,000. Institutional investors own 16.20% of the company's stock.

Analyst Ratings Changes

A number of research firms have issued reports on INFY. Stifel Nicolaus lowered their target price on Infosys from $18.00 to $17.00 and set a "hold" rating on the stock in a report on Monday, April 21st. The Goldman Sachs Group downgraded Infosys from a "buy" rating to a "neutral" rating and set a $17.90 target price for the company. in a research report on Monday, April 21st. Wall Street Zen upgraded Infosys from a "hold" rating to a "buy" rating in a research report on Friday, May 16th. Susquehanna upgraded Infosys from a "negative" rating to a "neutral" rating and set a $17.00 target price for the company in a research report on Monday, April 14th. Finally, BMO Capital Markets cut their target price on Infosys from $25.00 to $18.00 and set a "market perform" rating for the company in a research report on Monday, April 21st. Six investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $17.48.

Infosys Stock Down 0.7%

INFY traded down $0.13 during trading on Friday, hitting $18.43. The company's stock had a trading volume of 10,471,845 shares, compared to its average volume of 9,765,713. The firm's 50 day moving average price is $17.76 and its two-hundred day moving average price is $19.94. Infosys Limited has a 12 month low of $15.82 and a 12 month high of $23.63. The stock has a market capitalization of $76.38 billion, a price-to-earnings ratio of 23.33, a price-to-earnings-growth ratio of 3.50 and a beta of 0.98.

Infosys (NYSE:INFY - Get Free Report) last issued its quarterly earnings data on Thursday, April 17th. The technology company reported $0.20 earnings per share (EPS) 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 firm had revenue of $4.79 billion during the quarter, compared to the consensus estimate of $420.69 billion. During the same quarter in the previous year, the company posted $0.23 EPS. On average, sell-side analysts forecast that Infosys Limited will post 0.74 earnings per share for the current year.

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.