Barclays PLC Grows Stake in Infosys Limited (NYSE:INFY)

Barclays PLC increased its stake in Infosys Limited (NYSE:INFY - Free Report) by 11.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,523,605 shares of the technology company's stock after buying an additional 266,902 shares during the period. Barclays PLC owned 0.06% of Infosys worth $56,200,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of INFY. Mizuho Securities Co. Ltd. bought a new stake in shares of Infosys during the 3rd quarter valued at $33,000. Whittier Trust Co. of Nevada Inc. grew its holdings in Infosys by 126.7% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 3,029 shares of the technology company's stock worth $56,000 after purchasing an additional 1,693 shares during the period. GAMMA Investing LLC increased its stake in shares of Infosys by 34.3% during the third quarter. GAMMA Investing LLC now owns 3,936 shares of the technology company's stock valued at $88,000 after purchasing an additional 1,005 shares in the last quarter. Ridgewood Investments LLC bought a new position in shares of Infosys during the second quarter valued at approximately $162,000. Finally, Advisor Resource Council purchased a new position in shares of Infosys during the third quarter valued at approximately $202,000. 16.20% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

INFY has been the subject of several recent analyst reports. StockNews.com raised shares of Infosys from a "hold" rating to a "buy" rating in a report on Thursday. Hsbc Global Res raised Infosys from a "hold" rating to a "strong-buy" rating in a research report on Monday. Investec downgraded Infosys from a "hold" rating to a "sell" rating in a research note on Thursday, October 3rd. HSBC upgraded Infosys from a "hold" rating to a "buy" rating in a research note on Monday. Finally, Erste Group Bank upgraded Infosys from a "hold" rating to a "buy" rating in a report on Wednesday, September 11th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Infosys presently has an average rating of "Moderate Buy" and an average target price of $20.85.

Infosys Trading Up 0.6 %

Shares of INFY stock traded up $0.15 on Friday, reaching $23.40. The company's stock had a trading volume of 4,443,380 shares, compared to its average volume of 9,045,886. The stock's fifty day simple moving average is $22.29 and its 200-day simple moving average is $21.29. Infosys Limited has a 1 year low of $16.04 and a 1 year high of $23.63. The company has a market capitalization of $96.92 billion, a price-to-earnings ratio of 29.81, a price-to-earnings-growth ratio of 3.77 and a beta of 1.00.

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

Infosys Increases Dividend

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

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.