Allianz Asset Management GmbH Buys 860,702 Shares of Infosys Limited (NYSE:INFY)

Allianz Asset Management GmbH raised its holdings in Infosys Limited (NYSE:INFY) by 143.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,460,049 shares of the technology company’s stock after acquiring an additional 860,702 shares during the period. Allianz Asset Management GmbH’s holdings in Infosys were worth $32,004,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Outlook Wealth Advisors LLC grew its stake in Infosys by 2.8% in the fourth quarter. Outlook Wealth Advisors LLC now owns 18,405 shares of the technology company’s stock valued at $403,000 after acquiring an additional 508 shares during the period. Canopy Partners LLC grew its stake in Infosys by 3.1% in the third quarter. Canopy Partners LLC now owns 17,129 shares of the technology company’s stock valued at $381,000 after acquiring an additional 522 shares during the period. GAMMA Investing LLC grew its stake in Infosys by 14.2% in 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 during the period. Flagship Harbor Advisors LLC grew its stake in Infosys by 6.2% in the fourth 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 period. Finally, Modera Wealth Management LLC grew its stake in Infosys by 0.4% in the third quarter. Modera Wealth Management LLC now owns 183,028 shares of the technology company’s stock valued at $4,076,000 after acquiring an additional 653 shares during the period. 16.20% of the stock is owned by institutional investors and hedge funds.

Infosys Stock Performance

Shares of NYSE INFY opened at $21.17 on Monday. The stock has a 50 day moving average price of $22.13 and a 200 day moving average price of $22.31. Infosys Limited has a 52 week low of $16.04 and a 52 week high of $23.63. The stock has a market capitalization of $87.67 billion, a PE ratio of 26.79, a price-to-earnings-growth ratio of 3.50 and a beta of 1.00.

Infosys (NYSE:INFY) last issued 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 quarter in the previous year, the firm earned $0.18 earnings per share. As a group, research analysts forecast that Infosys Limited will post 0.74 EPS for the current year.

Analyst Ratings Changes

A number of research firms have issued reports on INFY. Guggenheim reissued a “neutral” rating on shares of Infosys in a research note on Friday, January 17th. HSBC raised Infosys from a “hold” rating to a “buy” rating in a research report on Monday, December 9th. Hsbc Global Res raised Infosys from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 9th. 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 given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $20.22.

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.