Centiva Capital LP Buys New Holdings in Infosys Limited (NYSE:INFY)

Centiva Capital LP bought a new position in shares of Infosys Limited (NYSE:INFY - Free Report) during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 65,496 shares of the technology company's stock, valued at approximately $1,459,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Tidal Investments LLC purchased a new stake in shares of Infosys in the first quarter valued at about $371,000. Cetera Advisors LLC bought a new stake in shares of Infosys in the 1st quarter worth about $210,000. GAMMA Investing LLC raised its position in shares of Infosys by 22.6% during the 2nd 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 in the last quarter. Simplicity Wealth LLC increased its position in Infosys by 12.9% in the second quarter. Simplicity Wealth LLC now owns 29,743 shares of the technology company's stock worth $554,000 after buying an additional 3,395 shares during the period. Finally, Carolina Wealth Advisors LLC increased its position in Infosys by 9.3% in the second quarter. Carolina Wealth Advisors LLC now owns 237,142 shares of the technology company's stock worth $4,416,000 after buying an additional 20,144 shares during the period. 10.89% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on INFY shares. StockNews.com downgraded Infosys from a "buy" rating to a "hold" rating in a research note on Wednesday, November 20th. BMO Capital Markets lifted their price objective on Infosys from $23.00 to $25.00 and gave the company a "market perform" rating in a research report on Friday, October 18th. Investec cut Infosys from a "hold" rating to a "sell" rating in a research note on Thursday, October 3rd. 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, five have assigned a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $20.85.

Infosys Stock Performance

INFY stock traded up $0.38 during midday trading on Wednesday, reaching $22.51. The company's stock had a trading volume of 5,865,893 shares, compared to its average volume of 9,145,653. The stock has a fifty day simple moving average of $22.21 and a two-hundred day simple moving average of $21.07. Infosys Limited has a 1 year low of $16.04 and a 1 year high of $23.48. The firm has a market capitalization of $93.21 billion, a price-to-earnings ratio of 28.85, a PEG ratio of 3.58 and a beta of 1.00.

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, hitting the consensus estimate of $0.19. The firm had revenue of $4.89 billion during the quarter, compared to analysts' expectations of $4.89 billion. Infosys had a return on equity of 31.43% and a net margin of 17.15%. During the same period last year, the business posted $0.18 earnings per share. As a group, analysts forecast that Infosys Limited will post 0.75 EPS for the current fiscal year.

Infosys Increases Dividend

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