GAM Holding AG Grows Holdings in Infosys Limited (NYSE:INFY)

GAM Holding AG boosted its stake in shares of Infosys Limited (NYSE:INFY) by 1.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 483,336 shares of the technology company’s stock after acquiring an additional 6,563 shares during the quarter. GAM Holding AG’s holdings in Infosys were worth $10,595,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of INFY. Sierra Ocean LLC purchased a new stake in shares of Infosys during the 4th quarter worth $29,000. Mizuho Securities Co. Ltd. acquired a new position in shares of Infosys in the third quarter valued at approximately $33,000. Brooklyn Investment Group purchased a new position in shares of Infosys during the 4th quarter worth $52,000. Wilmington Savings Fund Society FSB purchased a new position in Infosys during the third quarter worth about $57,000. Finally, Whittier Trust Co. of Nevada Inc. lifted its holdings in shares of Infosys by 25.3% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 3,795 shares of the technology company’s stock worth $85,000 after acquiring an additional 766 shares during the period. 16.20% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on INFY. StockNews.com upgraded Infosys from a “hold” rating to a “buy” rating in a report on Wednesday, January 22nd. Hsbc Global Res raised shares of Infosys from a “hold” rating to a “strong-buy” rating in a report on Monday, December 9th. Guggenheim restated a “neutral” rating on shares of Infosys in a report on Friday, January 17th. Finally, HSBC upgraded shares of Infosys from a “hold” rating to a “buy” rating in a research note on Monday, December 9th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating, five have assigned a buy rating and one has given 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 price target of $20.22.

Infosys Stock Performance

Shares of INFY opened at $21.58 on Tuesday. The firm has a fifty day moving average of $22.33 and a 200-day moving average of $22.31. The company has a market cap of $89.36 billion, a price-to-earnings ratio of 27.31, a price-to-earnings-growth ratio of 3.64 and a beta of 1.00. Infosys Limited has a 1 year low of $16.04 and a 1 year high of $23.63.

Infosys (NYSE:INFY) last released its quarterly earnings results on Thursday, January 16th. The technology company reported $0.19 earnings per share (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 period in the previous year, the business earned $0.18 earnings per share. Analysts predict that Infosys Limited will post 0.74 EPS 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.