MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH Invests $2.73 Million in Infosys Limited (NYSE:INFY)

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH acquired a new stake in Infosys Limited (NYSE:INFYGet Rating) in the 1st quarter, HoldingsChannel reports. The fund acquired 108,288 shares of the technology company’s stock, valued at approximately $2,729,000.

Several other hedge funds and other institutional investors have also modified their holdings of INFY. JFS Wealth Advisors LLC bought a new stake in shares of Infosys during the 4th quarter valued at $27,000. Bellevue Group AG acquired a new stake in shares of Infosys in the 4th quarter valued at approximately $29,000. Spire Wealth Management increased its position in Infosys by 304.2% during the 4th quarter. Spire Wealth Management now owns 1,831 shares of the technology company’s stock worth $46,000 after purchasing an additional 1,378 shares in the last quarter. EverSource Wealth Advisors LLC acquired a new stake in Infosys in the fourth quarter valued at approximately $49,000. Finally, Western Pacific Wealth Management LP bought a new stake in Infosys during the 4th quarter worth $52,000. Institutional investors own 15.42% of the company’s stock.

INFY opened at $18.32 on Thursday. Infosys Limited has a 1 year low of $17.52 and a 1 year high of $26.39. The company has a market capitalization of $76.78 billion, a price-to-earnings ratio of 26.17, a P/E/G ratio of 2.44 and a beta of 1.03. The firm’s fifty day moving average price is $19.33 and its two-hundred day moving average price is $22.24.

Infosys (NYSE:INFYGet Rating) last issued its quarterly earnings data on Wednesday, April 13th. The technology company reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.01). Infosys had a return on equity of 30.72% and a net margin of 18.17%. The firm had revenue of $4.28 billion during the quarter, compared to the consensus estimate of $4.30 billion. During the same period in the previous year, the company posted $0.16 earnings per share. As a group, sell-side analysts forecast that Infosys Limited will post 0.77 EPS for the current fiscal year.

The business also recently declared a dividend, which was paid on Wednesday, June 1st. Stockholders of record on Wednesday, June 1st were paid a dividend of $0.177 per share. The ex-dividend date of this dividend was Tuesday, May 31st. This is a positive change from Infosys’s previous dividend of $0.10. Infosys’s dividend payout ratio (DPR) is presently 50.00%.

A number of equities research analysts have weighed in on the stock. BMO Capital Markets reduced their target price on shares of Infosys from $28.00 to $25.00 and set a “market perform” rating on the stock in a report on Thursday, April 14th. StockNews.com raised Infosys from a “hold” rating to a “buy” rating in a research report on Tuesday, April 26th. Bank of America cut Infosys from a “buy” rating to a “neutral” rating and set a $24.50 target price on the stock. in a report on Wednesday, February 23rd. HSBC upgraded shares of Infosys from a “hold” rating to a “buy” rating in a report on Tuesday, May 31st. Finally, Macquarie started coverage on shares of Infosys in a research note on Monday, April 11th. They issued an “outperform” rating on the stock. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $26.75.

Infosys Company Profile (Get Rating)

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, support and integration, and business process management services.

Further Reading

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Institutional Ownership by Quarter for Infosys (NYSE:INFY)

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