Commerzbank Aktiengesellschaft FI Acquires 20,466 Shares of Infosys Limited (INFY)
Commerzbank Aktiengesellschaft FI boosted its holdings in Infosys Limited (NYSE:INFY) by 24.0% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 105,638 shares of the technology company’s stock after purchasing an additional 20,466 shares during the quarter. Commerzbank Aktiengesellschaft FI’s holdings in Infosys were worth $1,541,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also made changes to their positions in the business. The Manufacturers Life Insurance Company grew its holdings in Infosys by 2.2% in the second quarter. The Manufacturers Life Insurance Company now owns 18,729 shares of the technology company’s stock worth $282,000 after purchasing an additional 395 shares during the period. Wetherby Asset Management Inc. grew its holdings in shares of Infosys by 1.1% during the second quarter. Wetherby Asset Management Inc. now owns 40,994 shares of the technology company’s stock valued at $616,000 after buying an additional 464 shares during the last quarter. M&T Bank Corp grew its holdings in shares of Infosys by 0.9% during the second quarter. M&T Bank Corp now owns 68,760 shares of the technology company’s stock valued at $1,033,000 after buying an additional 590 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Infosys by 4.7% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 13,365 shares of the technology company’s stock valued at $201,000 after buying an additional 605 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. grew its holdings in shares of Infosys by 3.2% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 31,310 shares of the technology company’s stock valued at $470,000 after buying an additional 957 shares during the last quarter. Institutional investors and hedge funds own 18.95% of the company’s stock.
INFY has been the topic of a number of recent analyst reports. BidaskClub cut shares of Infosys from a “sell” rating to a “strong sell” rating in a report on Saturday, November 4th. Zacks Investment Research cut shares of Infosys from a “buy” rating to a “hold” rating in a report on Thursday, October 5th. Deutsche Bank upgraded shares of Infosys from a “hold” rating to a “buy” rating in a report on Monday, August 28th. Robert W. Baird reiterated a “hold” rating and set a $16.00 price target on shares of Infosys in a report on Sunday, September 3rd. Finally, Stifel Nicolaus reiterated a “hold” rating on shares of Infosys in a report on Thursday, October 26th. Three analysts have rated the stock with a sell rating, ten have issued a hold rating and three have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $15.34.
Shares of Infosys Limited (NYSE INFY) traded down $0.13 during trading on Thursday, reaching $15.56. 4,161,700 shares of the company were exchanged, compared to its average volume of 6,338,754. The company has a market capitalization of $35,862.30, a P/E ratio of 16.17, a price-to-earnings-growth ratio of 1.71 and a beta of 0.69. Infosys Limited has a 12 month low of $13.42 and a 12 month high of $16.15.
Infosys (NYSE:INFY) last issued its quarterly earnings data on Tuesday, October 24th. The technology company reported $0.25 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.24 by $0.01. The company had revenue of $2.73 billion for the quarter, compared to the consensus estimate of $2.78 billion. Infosys had a net margin of 21.04% and a return on equity of 21.05%. During the same quarter in the prior year, the firm earned $0.24 earnings per share. analysts predict that Infosys Limited will post 0.98 EPS for the current year.
Infosys 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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