BNP Paribas Financial Markets lifted its holdings in Infosys Limited (NYSE:INFY - Free Report) by 5.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,072,537 shares of the technology company's stock after purchasing an additional 297,183 shares during the quarter. BNP Paribas Financial Markets owned 0.15% of Infosys worth $135,235,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Mizuho Securities Co. Ltd. purchased a new stake in Infosys during the 3rd quarter valued at $33,000. GAMMA Investing LLC lifted its holdings in Infosys by 22.6% in the second quarter. GAMMA Investing LLC now owns 2,931 shares of the technology company's stock valued at $55,000 after acquiring an additional 541 shares during the period. Hilltop National Bank boosted its position in Infosys by 50.8% in the second quarter. Hilltop National Bank now owns 2,979 shares of the technology company's stock worth $55,000 after purchasing an additional 1,004 shares during the last quarter. Whittier Trust Co. of Nevada Inc. grew its stake in shares of Infosys by 126.7% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 3,029 shares of the technology company's stock valued at $56,000 after purchasing an additional 1,693 shares during the period. Finally, Ridgewood Investments LLC purchased a new stake in shares of Infosys during the 2nd quarter valued at about $162,000. 10.89% of the stock is owned by institutional investors.
Infosys Price Performance
Shares of NYSE INFY traded down $0.49 during mid-day trading on Wednesday, reaching $22.69. The company's stock had a trading volume of 4,143,268 shares, compared to its average volume of 9,171,650. The stock has a fifty day moving average of $22.24 and a two-hundred day moving average of $20.87. The firm has a market capitalization of $93.98 billion, a PE ratio of 29.71, a P/E/G ratio of 3.69 and a beta of 1.00. Infosys Limited has a 52 week low of $16.04 and a 52 week high of $23.48.
Infosys (NYSE:INFY - Get Free Report) last announced 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. Infosys had a net margin of 17.15% and a return on equity of 31.43%. The business had revenue of $4.89 billion during the quarter, compared to analyst estimates of $4.89 billion. During the same period last year, the firm posted $0.18 EPS. Analysts anticipate that Infosys Limited will post 0.75 EPS for the current fiscal 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 issued 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 an increase from Infosys's previous semi-annual dividend of $0.20. Infosys's dividend payout ratio is 53.85%.
Analyst Upgrades and Downgrades
A number of research firms recently issued reports on INFY. BMO Capital Markets raised their price objective on shares of Infosys from $23.00 to $25.00 and gave the stock a "market perform" rating in a report on Friday, October 18th. Erste Group Bank raised shares of Infosys from a "hold" rating to a "buy" rating in a research report on Wednesday, September 11th. Investec cut Infosys from a "hold" rating to a "sell" rating in a report on Thursday, October 3rd. Finally, StockNews.com lowered Infosys from a "buy" rating to a "hold" rating in a report on Wednesday, November 20th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $20.85.
Check Out Our Latest Stock Analysis on INFY
About Infosys
(
Free Report)
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.
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