DJE Kapital AG Takes Position in Infosys Limited (NYSE:INFY)

DJE Kapital AG purchased a new stake in shares of Infosys Limited (NYSE:INFY) in the 4th quarter, HoldingsChannel reports. The institutional investor purchased 31,200 shares of the technology company’s stock, valued at approximately $688,000.

Several other institutional investors have also bought and sold shares of the stock. US Bancorp DE raised its position in Infosys by 39.5% in the third quarter. US Bancorp DE now owns 272,974 shares of the technology company’s stock worth $6,079,000 after acquiring an additional 77,226 shares in the last quarter. BSW Wealth Partners raised its holdings in Infosys by 12.9% during the 3rd quarter. BSW Wealth Partners now owns 20,199 shares of the technology company’s stock worth $450,000 after buying an additional 2,313 shares during the period. Robeco Institutional Asset Management B.V. raised its holdings in Infosys by 68.8% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 24,339,983 shares of the technology company’s stock worth $542,051,000 after buying an additional 9,923,744 shares during the period. QRG Capital Management Inc. raised its holdings in Infosys by 32.5% during the 3rd quarter. QRG Capital Management Inc. now owns 52,946 shares of the technology company’s stock worth $1,179,000 after buying an additional 12,991 shares during the period. Finally, World Equity Group Inc. acquired a new stake in Infosys during the 3rd quarter worth about $283,000. Institutional investors and hedge funds own 16.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on INFY. Hsbc Global Res upgraded Infosys from a “hold” rating to a “strong-buy” rating in a report on Monday, December 9th. Guggenheim reiterated a “neutral” rating on shares of Infosys in a report on Friday, January 17th. StockNews.com upgraded Infosys from a “hold” rating to a “buy” rating in a report on Wednesday, January 22nd. Finally, HSBC upgraded Infosys from a “hold” rating to a “buy” rating in a report 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 issued a strong buy rating to the company. According to MarketBeat.com, Infosys has a consensus rating of “Hold” and a consensus price target of $20.22.

Infosys Stock Performance

Shares of NYSE INFY opened at $19.81 on Tuesday. The stock has a market cap of $82.05 billion, a price-to-earnings ratio of 25.08, a PEG ratio of 3.50 and a beta of 1.00. The business has a 50 day simple moving average of $21.82 and a 200 day simple moving average of $22.27. Infosys Limited has a 52 week low of $16.04 and a 52 week high of $23.63.

Infosys (NYSE:INFY) last announced its quarterly earnings results on Thursday, January 16th. The technology company reported $0.19 EPS for the quarter, meeting 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 posted $0.18 earnings per share. On average, analysts predict that Infosys Limited will post 0.74 EPS 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.