Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Infosys Limited (NYSE:INFY) by 6.5% during the third quarter, Holdings Channel reports. The fund owned 1,142,055 shares of the company’s stock after buying an additional 69,700 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Infosys Limited were worth $18,022,000 at the end of the most recent quarter.
Other large investors have also recently bought and sold shares of the company. Compagnie Lombard Odier SCmA raised its stake in Infosys Limited by 11,526.3% in the third quarter. Compagnie Lombard Odier SCmA now owns 88,360 shares of the company’s stock valued at $1,393,000 after buying an additional 87,600 shares during the last quarter. Profund Advisors LLC raised its stake in Infosys Limited by 64.5% in the third quarter. Profund Advisors LLC now owns 157,395 shares of the company’s stock valued at $2,484,000 after buying an additional 61,739 shares during the last quarter. Morgan Stanley raised its stake in Infosys Limited by 80.6% in the third quarter. Morgan Stanley now owns 1,757,850 shares of the company’s stock valued at $27,739,000 after buying an additional 784,290 shares during the last quarter. Quadrature Capital Ltd raised its stake in Infosys Limited by 17.0% in the third quarter. Quadrature Capital Ltd now owns 55,159 shares of the company’s stock valued at $870,000 after buying an additional 7,996 shares during the last quarter. Finally, Northern Trust Corp raised its stake in Infosys Limited by 2.6% in the third quarter. Northern Trust Corp now owns 3,351,340 shares of the company’s stock valued at $52,884,000 after buying an additional 83,735 shares during the last quarter. 17.57% of the stock is currently owned by institutional investors and hedge funds.
Infosys Limited (NYSE:INFY) opened at 14.50 on Friday. The firm has a market capitalization of $33.14 billion, a P/E ratio of 15.56 and a beta of 0.90. The firm’s 50-day moving average is $14.42 and its 200-day moving average is $15.27. Infosys Limited has a 52-week low of $13.42 and a 52-week high of $20.47.
A number of equities research analysts have commented on INFY shares. Zacks Investment Research lowered shares of Infosys Limited from a “hold” rating to a “sell” rating in a report on Wednesday, January 11th. CLSA lowered shares of Infosys Limited from an “outperform” rating to an “underperform” rating in a report on Friday, January 6th. Bank of America Corporation lowered shares of Infosys Limited from a “buy” rating to a “neutral” rating in a report on Thursday, December 1st. BMO Capital Markets reissued a “market perform” rating and set a $17.00 price objective (down previously from $19.00) on shares of Infosys Limited in a report on Tuesday, October 18th. Finally, Morgan Stanley reissued an “overweight” rating on shares of Infosys Limited in a report on Tuesday, October 18th. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $17.80.
Infosys Limited Company Profile
Infosys Limited is engaged in consulting, technology, outsourcing and next-generation services. The Company, along with its subsidiaries, provides business information technology services comprising application development and maintenance, independent validation, infrastructure management, engineering services comprising product engineering and life cycle solutions and business process management; consulting and systems integration services comprising consulting, enterprise solutions, systems integration and advanced technologies; products, business platforms and solutions to accelerate intellectual property-led innovation, including Finacle, its banking solution, and offerings in the areas of Analytics, Cloud and Digital Transformation.
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