Banque Cantonale Vaudoise Takes Position in Infosys Limited (NYSE:INFY)

Banque Cantonale Vaudoise acquired a new stake in shares of Infosys Limited (NYSE:INFY) in the 1st quarter, HoldingsChannel reports. The fund acquired 10,392 shares of the technology company’s stock, valued at approximately $195,000.

Other large investors have also recently modified their holdings of the company. Arkadios Wealth Advisors bought a new position in Infosys in the fourth quarter worth about $26,000. Meeder Asset Management Inc. raised its stake in Infosys by 319.0% in the first quarter. Meeder Asset Management Inc. now owns 1,676 shares of the technology company’s stock worth $31,000 after buying an additional 1,276 shares in the last quarter. RWM Asset Management LLC bought a new position in Infosys in the fourth quarter worth about $36,000. Safeguard Investment Advisory Group LLC purchased a new stake in Infosys in the fourth quarter worth about $36,000. Finally, Reilly Financial Advisors LLC purchased a new stake in Infosys in the first quarter worth about $41,000. 16.05% of the stock is owned by hedge funds and other institutional investors.

A number of brokerages have weighed in on INFY. Zacks Investment Research cut shares of Infosys from a “buy” rating to a “hold” rating and set a $19.00 price objective on the stock. in a report on Friday, April 16th. Robert W. Baird upped their price objective on shares of Infosys from $17.00 to $18.00 and gave the stock an “underperform” rating in a report on Wednesday, April 14th. They noted that the move was a valuation call. Susquehanna upped their price objective on shares of Infosys from $19.00 to $21.00 and gave the stock a “neutral” rating in a report on Tuesday, April 13th. Sanford C. Bernstein upgraded shares of Infosys from a “market perform” rating to an “outperform” rating and upped their price objective for the stock from $20.33 to $21.80 in a report on Monday, March 29th. Finally, Susquehanna Bancshares increased their price target on shares of Infosys from $19.00 to $21.00 and gave the company a “neutral” rating in a report on Monday, April 12th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. Infosys currently has an average rating of “Hold” and a consensus price target of $18.97.

Shares of INFY stock opened at $19.89 on Friday. Infosys Limited has a 12-month low of $8.84 and a 12-month high of $19.91. The stock has a 50 day moving average of $18.64. The stock has a market capitalization of $84.38 billion, a PE ratio of 32.61, a P/E/G ratio of 2.79 and a beta of 0.85.

Infosys (NYSE:INFY) last released its quarterly earnings results on Tuesday, April 13th. The technology company reported $0.16 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.16. Infosys had a net margin of 19.27% and a return on equity of 26.90%. The business had revenue of $3.61 billion for the quarter, compared to the consensus estimate of $3.56 billion. During the same period last year, the firm earned $1.20 earnings per share. Equities research analysts expect that Infosys Limited will post 0.7 EPS for the current fiscal year.

About Infosys

Infosys Limited, together with its subsidiaries, provides consulting, technology, outsourcing, and next-generation digital services in North America, Europe, India, and internationally. It provides application development and management, independent validation, product engineering and management, infrastructure management, enterprise application management, and support and integration services.

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Institutional Ownership by Quarter for Infosys (NYSE:INFY)

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