Vontobel Holding Ltd. Acquires 30,574 Shares of Infosys Limited (NYSE:INFY)

Vontobel Holding Ltd. grew its holdings in Infosys Limited (NYSE:INFY) by 3.9% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 823,280 shares of the technology company’s stock after buying an additional 30,574 shares during the quarter. Vontobel Holding Ltd.’s holdings in Infosys were worth $18,334,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in INFY. GAMMA Investing LLC grew its stake in shares of Infosys by 33.0% during the first quarter. GAMMA Investing LLC now owns 2,390 shares of the technology company’s stock valued at $43,000 after purchasing an additional 593 shares during the last quarter. Hilltop National Bank boosted its position in Infosys by 50.8% in the 2nd quarter. Hilltop National Bank now owns 2,979 shares of the technology company’s stock valued at $55,000 after buying an additional 1,004 shares during the last quarter. Whittier Trust Co. of Nevada Inc. increased its stake in shares of Infosys by 126.7% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 3,029 shares of the technology company’s stock valued at $56,000 after buying an additional 1,693 shares during the period. Ridgewood Investments LLC bought a new stake in shares of Infosys during the second quarter worth $162,000. Finally, Foster Group Inc. acquired a new position in shares of Infosys during the third quarter valued at $214,000. 10.89% of the stock is owned by institutional investors.

Infosys Stock Down 0.5 %

Shares of NYSE INFY opened at $22.90 on Thursday. Infosys Limited has a twelve month low of $16.04 and a twelve month high of $23.48. The company’s fifty day moving average is $22.62 and its 200-day moving average is $19.91. The stock has a market cap of $94.80 billion, a price-to-earnings ratio of 30.13, a P/E/G ratio of 3.68 and a beta of 0.99.

Infosys (NYSE:INFY) last posted its earnings results on Thursday, July 18th. The technology company reported $0.18 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.18. The firm had revenue of $4.71 billion during the quarter, compared to analysts’ expectations of $4.67 billion. Infosys had a return on equity of 32.01% and a net margin of 17.18%. During the same period in the previous year, the firm earned $0.17 earnings per share. On average, research analysts anticipate that Infosys Limited will post 0.75 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have weighed in on INFY shares. Erste Group Bank raised Infosys from a “hold” rating to a “buy” rating in a report on Wednesday, September 11th. Investec lowered shares of Infosys from a “hold” rating to a “sell” rating in a report on Thursday, October 3rd. Macquarie raised shares of Infosys from an “underperform” rating to a “neutral” rating in a report on Friday, July 19th. Finally, StockNews.com raised Infosys from a “hold” rating to a “buy” rating in a research note on Monday, September 30th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $19.68.

Infosys Company Profile

Infosys Limited, together with its subsidiaries, provides consulting, technology, outsourcing, and next-generation digital services in North America, Europe, India, and internationally. It provides digital marketing and digital workplace, digital commerce, digital experience and interactions, metaverse, data analytics and AI, applied AI, generative AI, sustainability, blockchain, engineering, Internet of Things, enterprise agile DevOps, application modernization, cloud, digital process automation, digital supply chain, Microsoft business application and cloud business, service experience transformation, energy transition, cyber security, and quality engineering solutions; Oracle, SAP, and Saleforce solutions; API economy and microservices; and Topaz, an AI-first set of services, solutions, and platforms using generative AI technologies.