Claro Advisors LLC Purchases Shares of 11,089 Infosys Limited (NYSE:INFY)

Claro Advisors LLC purchased a new position in shares of Infosys Limited (NYSE:INFY - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 11,089 shares of the technology company's stock, valued at approximately $243,000.

Other institutional investors have also added to or reduced their stakes in the company. Mizuho Securities Co. Ltd. purchased a new stake in shares of Infosys during the 3rd quarter valued at $33,000. Wilmington Savings Fund Society FSB bought a new position in Infosys during the third quarter valued at about $57,000. Whittier Trust Co. of Nevada Inc. increased its holdings in Infosys by 25.3% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 3,795 shares of the technology company's stock worth $85,000 after buying an additional 766 shares during the last quarter. GAMMA Investing LLC raised its position in Infosys by 34.3% in the third quarter. GAMMA Investing LLC now owns 3,936 shares of the technology company's stock worth $88,000 after acquiring an additional 1,005 shares during the period. Finally, Advisor Resource Council purchased a new position in Infosys in the third quarter valued at about $202,000. 16.20% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

INFY has been the subject of several research analyst reports. StockNews.com lowered shares of Infosys from a "buy" rating to a "hold" rating in a research note on Friday, January 3rd. Investec downgraded Infosys from a "hold" rating to a "sell" rating in a research report on Thursday, October 3rd. Hsbc Global Res upgraded Infosys from a "hold" rating to a "strong-buy" rating in a research note on Monday, December 9th. BMO Capital Markets increased their price target on Infosys from $23.00 to $25.00 and gave the stock a "market perform" rating in a research note on Friday, October 18th. Finally, HSBC upgraded Infosys from a "hold" rating to a "buy" rating in a research note on Monday, December 9th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $20.85.

Infosys Stock Down 5.6 %

Shares of NYSE:INFY traded down $1.28 during midday trading on Thursday, reaching $21.61. 22,919,857 shares of the company traded hands, compared to its average volume of 9,162,365. Infosys Limited has a 12 month low of $16.04 and a 12 month high of $23.63. The firm's fifty day moving average price is $22.54 and its two-hundred day moving average price is $22.15. The firm has a market capitalization of $89.49 billion, a price-to-earnings ratio of 27.70, a price-to-earnings-growth ratio of 3.71 and a beta of 1.00.

Infosys (NYSE:INFY - Get Free Report) last announced its quarterly earnings results on Thursday, January 16th. The technology company reported $0.19 earnings per share (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%. During the same period in the prior year, the business earned $0.18 EPS. Analysts forecast that Infosys Limited will post 0.74 earnings per share for the current year.

Infosys Increases Dividend

The company also recently declared 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 positive change 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 payout ratio is 53.85%.

Infosys Company Profile

Infosys Ltd. is a digital services and consulting company, which engages in the provision of end-to-end business solutions. It operates through the following segments: Financial Services, Retail, Communication, Energy, Utilities, Resources, and Services, Manufacturing, Hi-Tech, Life Sciences, and All Other.