Zurcher Kantonalbank Zurich Cantonalbank Raises Stock Holdings in Infosys Limited (NYSE:INFY)

Zurcher Kantonalbank Zurich Cantonalbank increased its position in Infosys Limited (NYSE:INFY) by 2.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 264,876 shares of the technology company’s stock after acquiring an additional 6,004 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Infosys were worth $5,806,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Sierra Ocean LLC acquired a new stake in Infosys during the 4th quarter worth about $29,000. Brooklyn Investment Group acquired a new stake in Infosys during the 4th quarter worth about $52,000. Wilmington Savings Fund Society FSB acquired a new stake in Infosys during the 3rd quarter worth about $57,000. GAMMA Investing LLC grew its position in Infosys by 14.2% during the 4th quarter. GAMMA Investing LLC now owns 4,496 shares of the technology company’s stock worth $99,000 after purchasing an additional 560 shares during the period. Finally, Principal Securities Inc. grew its position in Infosys by 210.1% during the 4th 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. 16.20% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on INFY shares. CLSA raised Infosys from a “hold” rating to an “outperform” rating in a research report on Friday, March 7th. HSBC upgraded Infosys from a “hold” rating to a “buy” rating in a research report on Monday, December 9th. Hsbc Global Res upgraded Infosys from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 9th. Guggenheim restated a “neutral” rating on shares of Infosys in a research report on Friday, January 17th. Finally, StockNews.com cut Infosys from a “buy” rating to a “hold” rating in a research report on Monday, March 10th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $19.78.

Infosys Trading Up 0.6 %

NYSE:INFY opened at $18.41 on Friday. Infosys Limited has a 12 month low of $16.04 and a 12 month high of $23.63. The stock has a 50 day moving average of $21.25 and a two-hundred day moving average of $22.07. The firm has a market cap of $76.24 billion, a P/E ratio of 23.30, a price-to-earnings-growth ratio of 3.50 and a beta of 1.01.

Infosys (NYSE:INFY) last posted its quarterly earnings data on Thursday, January 16th. The technology company reported $0.19 EPS for the quarter, hitting the consensus estimate of $0.19. Infosys had a return on equity of 31.60% and a net margin of 17.28%. During the same quarter last year, the company posted $0.18 earnings per share. On average, research analysts forecast that Infosys Limited will post 0.74 earnings per share for the current 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.