Pictet Asset Management Holding SA Raises Stock Position in Infosys Limited (NYSE:INFY)

Pictet Asset Management Holding SA grew its holdings in Infosys Limited (NYSE:INFY) by 1,479.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 907,677 shares of the technology company’s stock after acquiring an additional 850,221 shares during the period. Pictet Asset Management Holding SA’s holdings in Infosys were worth $19,896,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. BHK Investment Advisors LLC boosted its stake in Infosys by 2.3% in the 4th quarter. BHK Investment Advisors LLC now owns 22,785 shares of the technology company’s stock worth $499,000 after purchasing an additional 507 shares during the period. Outlook Wealth Advisors LLC boosted its position in shares of Infosys by 2.8% during the fourth quarter. Outlook Wealth Advisors LLC now owns 18,405 shares of the technology company’s stock worth $403,000 after acquiring an additional 508 shares during the last quarter. GAMMA Investing LLC grew its stake in Infosys by 14.2% during 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 in the last quarter. Flagship Harbor Advisors LLC increased its holdings in Infosys by 6.2% in the 4th quarter. Flagship Harbor Advisors LLC now owns 11,026 shares of the technology company’s stock valued at $242,000 after acquiring an additional 641 shares during the last quarter. Finally, Atomi Financial Group Inc. lifted its stake in Infosys by 1.7% in the 4th quarter. Atomi Financial Group Inc. now owns 38,263 shares of the technology company’s stock worth $839,000 after purchasing an additional 655 shares in the last quarter. Institutional investors own 16.20% of the company’s stock.

Infosys Stock Up 0.5 %

Shares of INFY opened at $18.27 on Tuesday. Infosys Limited has a 52-week low of $16.04 and a 52-week high of $23.63. The company has a market cap of $75.66 billion, a PE ratio of 23.12, a P/E/G ratio of 3.50 and a beta of 1.01. The business has a fifty day moving average of $20.40 and a 200 day moving average of $21.71.

Infosys (NYSE:INFY) last released its quarterly earnings results on Thursday, January 16th. The technology company reported $0.19 EPS for the quarter, hitting analysts’ consensus estimates of $0.19. Infosys had a net margin of 17.28% and a return on equity of 31.60%. During the same quarter in the previous year, the firm posted $0.18 earnings per share. As a group, research analysts anticipate that Infosys Limited will post 0.74 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. CLSA raised Infosys from a “hold” rating to an “outperform” rating in a report on Friday, March 7th. HSBC raised Infosys from a “hold” rating to a “buy” rating in a research note on Monday, December 9th. StockNews.com downgraded Infosys from a “buy” rating to a “hold” rating in a research report on Thursday, March 20th. Guggenheim restated a “neutral” rating on shares of Infosys in a research report on Friday, January 17th. Finally, Hsbc Global Res upgraded shares of Infosys from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 9th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Infosys presently has a consensus rating of “Hold” and an average price target 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.