Mirabaud Asset Management Ltd Has $2.78 Million Position in Infosys Limited (NYSE:INFY)

Mirabaud Asset Management Ltd lifted its position in shares of Infosys Limited (NYSE:INFY) by 7.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 125,850 shares of the technology company’s stock after purchasing an additional 8,828 shares during the quarter. Infosys accounts for 1.3% of Mirabaud Asset Management Ltd’s investment portfolio, making the stock its 25th largest holding. Mirabaud Asset Management Ltd’s holdings in Infosys were worth $2,781,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Sierra Ocean LLC purchased a new stake in Infosys in the 4th quarter valued at $29,000. Brooklyn Investment Group purchased a new stake in shares of Infosys in the fourth quarter valued at about $52,000. Wilmington Savings Fund Society FSB bought a new position in shares of Infosys during the third quarter valued at about $57,000. Farther Finance Advisors LLC boosted its holdings in Infosys by 69.7% during the fourth quarter. Farther Finance Advisors LLC now owns 3,115 shares of the technology company’s stock worth $68,000 after purchasing an additional 1,279 shares during the last quarter. Finally, GAMMA Investing LLC grew its position in Infosys by 14.2% in the 4th quarter. GAMMA Investing LLC now owns 4,496 shares of the technology company’s stock worth $99,000 after purchasing an additional 560 shares in the last quarter. 16.20% of the stock is owned by institutional investors.

Infosys Stock Performance

Shares of INFY opened at $16.58 on Friday. Infosys Limited has a fifty-two week low of $16.04 and a fifty-two week high of $23.63. The business has a 50-day moving average of $20.08 and a 200 day moving average of $21.58. The firm has a market cap of $68.66 billion, a P/E ratio of 20.98, a price-to-earnings-growth ratio of 3.50 and a beta of 1.01.

Infosys (NYSE:INFY) last posted its earnings results on Thursday, January 16th. The technology company reported $0.19 earnings per share for the quarter, hitting the consensus estimate 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 business earned $0.18 earnings per share. As a group, research analysts predict that Infosys Limited will post 0.74 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

INFY has been the topic of several recent analyst reports. Hsbc Global Res raised shares of Infosys from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 9th. HSBC raised Infosys from a “hold” rating to a “buy” rating in a research report on Monday, December 9th. Guggenheim reaffirmed a “neutral” rating on shares of Infosys in a research report on Friday, January 17th. StockNews.com cut Infosys from a “buy” rating to a “hold” rating in a research note on Thursday, March 20th. Finally, CLSA upgraded shares of Infosys from a “hold” rating to an “outperform” rating in a research report on Friday, March 7th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $19.70.

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.