Gitterman Wealth Management LLC Acquires Shares of 9,735 Infosys Limited (NYSE:INFY)

Gitterman Wealth Management LLC acquired a new stake in Infosys Limited (NYSE:INFY) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 9,735 shares of the technology company’s stock, valued at approximately $213,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Bank Julius Baer & Co. Ltd Zurich boosted its position in Infosys by 1,668.3% in the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 3,228,211 shares of the technology company’s stock worth $75,470,000 after purchasing an additional 3,045,656 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new stake in Infosys during the third quarter worth $36,039,000. Robeco Institutional Asset Management B.V. boosted its holdings in Infosys by 6.2% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 25,841,022 shares of the technology company’s stock worth $566,435,000 after buying an additional 1,501,039 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its position in Infosys by 186.3% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,186,685 shares of the technology company’s stock valued at $48,697,000 after buying an additional 1,422,814 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. increased its holdings in Infosys by 1,606.5% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,454,437 shares of the technology company’s stock valued at $32,143,000 after buying an additional 1,369,210 shares in the last quarter. Institutional investors and hedge funds own 16.20% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on INFY shares. StockNews.com lowered Infosys from a “buy” rating to a “hold” rating in a report on Monday, March 10th. CLSA raised shares of Infosys from a “hold” rating to an “outperform” rating in a research note on Friday, March 7th. Guggenheim restated a “neutral” rating on shares of Infosys in a research report on Friday, January 17th. HSBC upgraded shares of Infosys from a “hold” rating to a “buy” rating in a research report on Monday, December 9th. 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 research analysts have rated the stock with a sell rating, four have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $19.78.

Infosys Stock Performance

Shares of NYSE:INFY opened at $18.41 on Friday. Infosys Limited has a one year low of $16.04 and a one year high of $23.63. The company has a 50-day simple moving average of $21.25 and a 200-day simple moving average of $22.07. The stock has a market capitalization of $76.24 billion, a price-to-earnings ratio of 23.30, a PEG ratio of 3.50 and a beta of 1.01.

Infosys (NYSE:INFY) last announced its quarterly earnings data on Thursday, January 16th. The technology company reported $0.19 EPS for the quarter, meeting 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 period in the prior year, the company earned $0.18 earnings per share. As a group, research analysts forecast that Infosys Limited will post 0.74 EPS for the current fiscal 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.