OVERSEA CHINESE BANKING Corp Ltd Invests $307,000 in Infosys Limited (NYSE:INFY)

OVERSEA CHINESE BANKING Corp Ltd acquired a new stake in Infosys Limited (NYSE:INFY) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 14,000 shares of the technology company’s stock, valued at approximately $307,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Sierra Ocean LLC purchased a new position in Infosys in the fourth quarter valued at about $29,000. Brooklyn Investment Group acquired a new stake in shares of Infosys during the fourth quarter worth about $52,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Infosys during the third quarter worth about $57,000. Farther Finance Advisors LLC lifted its holdings in shares of 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 purchasing an additional 1,279 shares during the period. Finally, GAMMA Investing LLC lifted its holdings in Infosys by 14.2% in the fourth quarter. GAMMA Investing LLC now owns 4,496 shares of the technology company’s stock valued at $99,000 after acquiring an additional 560 shares during the period. 16.20% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have issued reports on INFY. StockNews.com downgraded Infosys from a “buy” rating to a “hold” rating in a report on Thursday. Guggenheim reiterated a “neutral” rating on shares of Infosys in a research report on Friday, January 17th. Hsbc Global Res upgraded Infosys from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 9th. HSBC upgraded Infosys from a “hold” rating to a “buy” rating in a report on Monday, December 9th. Finally, CLSA upgraded Infosys from a “hold” rating to an “outperform” rating in a report on Friday, March 7th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $19.70.

Infosys Trading Down 2.8 %

INFY opened at $18.05 on Friday. The stock’s 50-day moving average price is $20.90 and its 200 day moving average price is $21.94. Infosys Limited has a 12-month low of $16.04 and a 12-month high of $23.81. The firm has a market cap of $74.74 billion, a price-to-earnings ratio of 22.84, a PEG ratio of 3.50 and a beta of 1.01.

Infosys (NYSE:INFY) last posted its quarterly earnings results 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 period last year, the company posted $0.18 EPS. On average, research 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.