31,200 Shares in Infosys Limited (NYSE:INFY) Acquired by DJE Kapital AG

DJE Kapital AG bought a new position in Infosys Limited (NYSE:INFY) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 31,200 shares of the technology company’s stock, valued at approximately $688,000.

Other hedge funds have also modified their holdings of the company. Jones Financial Companies Lllp lifted its position in Infosys by 15.9% during the fourth quarter. Jones Financial Companies Lllp now owns 7,520 shares of the technology company’s stock valued at $165,000 after buying an additional 1,030 shares in the last quarter. Capital Wealth Planning LLC acquired a new position in Infosys during the fourth quarter valued at approximately $2,141,000. US Bancorp DE lifted its position in Infosys by 2.8% during the fourth quarter. US Bancorp DE now owns 280,573 shares of the technology company’s stock valued at $6,150,000 after buying an additional 7,599 shares in the last quarter. Fisher Asset Management LLC lifted its position in Infosys by 0.7% during the fourth quarter. Fisher Asset Management LLC now owns 14,517,359 shares of the technology company’s stock valued at $318,221,000 after buying an additional 102,341 shares in the last quarter. Finally, SVB Wealth LLC acquired a new position in Infosys during the fourth quarter valued at approximately $290,000. 16.20% of the stock is owned by institutional investors and hedge funds.

Infosys Trading Down 1.4 %

Shares of NYSE:INFY opened at $19.81 on Tuesday. The company has a fifty day simple moving average of $21.82 and a 200 day simple moving average of $22.27. The firm has a market cap of $82.05 billion, a PE ratio of 25.08, a price-to-earnings-growth ratio of 3.50 and a beta of 1.00. Infosys Limited has a 12-month low of $16.04 and a 12-month high of $23.63.

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

Analysts Set New Price Targets

A number of research analysts have weighed in on INFY shares. Hsbc Global Res raised shares of Infosys from a “hold” rating to a “strong-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 upgraded shares of Infosys from a “hold” rating to a “buy” rating in a research note on Wednesday, January 22nd. Finally, HSBC upgraded shares of Infosys from a “hold” rating to a “buy” rating in a research note on Monday, December 9th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Infosys has an average rating of “Hold” and an average price target of $20.22.

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.