B. Metzler seel. Sohn & Co. Holding AG Invests $5.83 Million in Infosys Limited (NYSE:INFY)

B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in Infosys Limited (NYSE:INFY - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 261,554 shares of the technology company's stock, valued at approximately $5,825,000.

Several other hedge funds have also made changes to their positions in the company. Bessemer Group Inc. boosted its position in shares of Infosys by 1,888.9% during the 1st quarter. Bessemer Group Inc. now owns 321,605 shares of the technology company's stock worth $5,766,000 after purchasing an additional 305,435 shares during the period. MQS Management LLC purchased a new position in shares of Infosys during the 1st quarter worth approximately $427,000. OLD Mission Capital LLC boosted its position in shares of Infosys by 99.0% during the 1st quarter. OLD Mission Capital LLC now owns 546,673 shares of the technology company's stock worth $9,802,000 after purchasing an additional 271,897 shares during the period. Earnest Partners LLC boosted its position in shares of Infosys by 23.6% during the 1st quarter. Earnest Partners LLC now owns 122,470 shares of the technology company's stock worth $2,196,000 after purchasing an additional 23,353 shares during the period. Finally, Tidal Investments LLC acquired a new stake in Infosys during the 1st quarter worth approximately $371,000. Hedge funds and other institutional investors own 10.89% of the company's stock.

Infosys Stock Performance

Infosys stock traded up $0.27 during trading on Wednesday, reaching $22.00. The company had a trading volume of 7,812,628 shares, compared to its average volume of 9,206,478. Infosys Limited has a 12-month low of $16.04 and a 12-month high of $23.48. The stock's 50 day moving average price is $22.27 and its two-hundred day moving average price is $20.69. The firm has a market capitalization of $91.10 billion, a price-to-earnings ratio of 28.20, a PEG ratio of 3.48 and a beta of 1.00.

Infosys (NYSE:INFY - Get Free Report) last posted its earnings results on Thursday, October 17th. The technology company reported $0.19 EPS for the quarter, hitting analysts' consensus estimates of $0.19. Infosys had a net margin of 17.15% and a return on equity of 31.43%. The business had revenue of $4.89 billion for the quarter, compared to analysts' expectations of $4.89 billion. During the same period in the previous year, the company posted $0.18 earnings per share. As a group, research analysts expect that Infosys Limited will post 0.75 earnings per share for the current year.

Infosys Increases Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Tuesday, October 29th. Shareholders of record on Friday, January 1st were paid a dividend of $0.2126 per share. This represents a yield of 1.1%. This is an increase from Infosys's previous semi-annual dividend of $0.20. The ex-dividend date was Tuesday, October 29th. Infosys's dividend payout ratio is 53.85%.

Analyst Upgrades and Downgrades

INFY has been the topic of a number of analyst reports. StockNews.com lowered shares of Infosys from a "buy" rating to a "hold" rating in a report on Wednesday. Investec downgraded shares of Infosys from a "hold" rating to a "sell" rating in a research report on Thursday, October 3rd. BMO Capital Markets increased their target price on shares of Infosys from $23.00 to $25.00 and gave the company a "market perform" rating in a research report on Friday, October 18th. Finally, Erste Group Bank raised shares of Infosys from a "hold" rating to a "buy" rating in a research report on Wednesday, September 11th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $20.85.

About Infosys

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.