United Services Automobile Association boosted its holdings in Infosys Ltd (NYSE:INFY) by 194.9% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 105,919 shares of the technology company’s stock after purchasing an additional 70,000 shares during the quarter. United Services Automobile Association’s holdings in Infosys were worth $2,058,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Benjamin F. Edwards & Company Inc. boosted its holdings in Infosys by 269.3% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 5,540 shares of the technology company’s stock valued at $108,000 after purchasing an additional 4,040 shares in the last quarter. Cynosure Advisors LLC acquired a new position in Infosys in the first quarter valued at approximately $179,000. TIAA FSB acquired a new position in Infosys in the second quarter valued at approximately $203,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its holdings in Infosys by 70.9% in the second quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 11,277 shares of the technology company’s stock valued at $219,000 after purchasing an additional 4,680 shares in the last quarter. Finally, Cubist Systematic Strategies LLC acquired a new position in Infosys in the second quarter valued at approximately $222,000. 8.83% of the stock is owned by hedge funds and other institutional investors.

INFY stock opened at $9.58 on Friday. The company has a market capitalization of $41.46 billion, a PE ratio of 18.35, a PEG ratio of 1.83 and a beta of 0.41. Infosys Ltd has a twelve month low of $7.07 and a twelve month high of $10.65.

Infosys (NYSE:INFY) last posted its quarterly earnings data on Tuesday, October 16th. The technology company reported $0.13 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.13. The business had revenue of $2.92 billion during the quarter, compared to the consensus estimate of $2.89 billion. Infosys had a return on equity of 24.56% and a net margin of 21.94%. During the same period in the prior year, the company earned $0.13 earnings per share. Sell-side analysts predict that Infosys Ltd will post 0.52 EPS for the current fiscal year.

A number of equities analysts recently issued reports on the company. BMO Capital Markets reaffirmed a “hold” rating and issued a $11.00 price target on shares of Infosys in a report on Wednesday. Goldman Sachs Group downgraded Infosys from a “buy” rating to a “neutral” rating and set a $11.00 price objective for the company. in a report on Wednesday. ValuEngine raised Infosys from a “sell” rating to a “hold” rating in a report on Tuesday, October 2nd. Robert W. Baird increased their price objective on Infosys from $9.00 to $10.00 and gave the company a “neutral” rating in a report on Friday, September 14th. Finally, Morgan Stanley downgraded Infosys from an “overweight” rating to a “hold” rating in a report on Monday, August 20th. Five 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 has a consensus rating of “Hold” and a consensus target price of $15.26.

About Infosys

Infosys Limited, together with its subsidiaries, provides consulting, technology, and outsourcing services in North America, Europe, India, and internationally. It provides business information technology services, including application development and maintenance, independent validation, infrastructure management, and business process management services, as well as engineering services, such as engineering and life cycle solutions; and consulting and systems integration services comprising consulting, enterprise solutions, systems integration, and advanced technologies.

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Institutional Ownership by Quarter for Infosys (NYSE:INFY)

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