Banque Pictet & Cie SA Has $2.52 Million Position in Infosys Limited (NYSE:INFY)

Banque Pictet & Cie SA boosted its position in Infosys Limited (NYSE:INFY) by 1.4% in the fourth quarter, Holdings Channel.com reports. The firm owned 114,928 shares of the technology company’s stock after purchasing an additional 1,600 shares during the quarter. Banque Pictet & Cie SA’s holdings in Infosys were worth $2,519,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of INFY. Mizuho Securities Co. Ltd. acquired a new position in Infosys in the 3rd quarter worth about $33,000. Brooklyn Investment Group acquired a new position in Infosys in the 4th quarter worth about $52,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Infosys in the 3rd quarter valued at about $57,000. Whittier Trust Co. of Nevada Inc. grew its position in shares of Infosys by 25.3% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 3,795 shares of the technology company’s stock valued at $85,000 after buying an additional 766 shares during the last quarter. Finally, GAMMA Investing LLC grew its position in shares of Infosys by 14.2% in the 4th quarter. GAMMA Investing LLC now owns 4,496 shares of the technology company’s stock valued at $99,000 after buying an additional 560 shares during the last quarter. Institutional investors and hedge funds own 16.20% of the company’s stock.

Infosys Stock Performance

NYSE:INFY opened at $21.58 on Friday. The stock has a fifty day moving average of $22.35 and a 200 day moving average of $22.32. Infosys Limited has a 52-week low of $16.04 and a 52-week high of $23.63. The firm has a market capitalization of $89.36 billion, a price-to-earnings ratio of 27.31, a P/E/G ratio of 3.64 and a beta of 1.00.

Infosys (NYSE:INFY) last released its quarterly earnings results on Thursday, January 16th. The technology company reported $0.19 earnings per share 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 quarter in the prior year, the business earned $0.18 EPS. Equities analysts forecast that Infosys Limited will post 0.74 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

INFY has been the topic of a number of analyst reports. Guggenheim reiterated a “neutral” rating on shares of Infosys in a research report on Friday, January 17th. HSBC raised Infosys from a “hold” rating to a “buy” rating in a research note on Monday, December 9th. Hsbc Global Res raised Infosys from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 9th. BMO Capital Markets increased their price objective on Infosys from $23.00 to $25.00 and gave the stock a “market perform” rating in a research note on Friday, October 18th. Finally, StockNews.com raised Infosys from a “hold” rating to a “buy” rating in a research report on Wednesday, January 22nd. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Infosys currently has an average rating of “Hold” and a consensus target price of $20.22.

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.