Franklin Resources Inc. Increases Stock Holdings in Infosys Limited (NYSE:INFY)

Franklin Resources Inc. grew its stake in shares of Infosys Limited (NYSE:INFY - Free Report) by 2.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,272,051 shares of the technology company's stock after acquiring an additional 322,648 shares during the quarter. Franklin Resources Inc. owned about 0.27% of Infosys worth $263,315,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of INFY. Mizuho Securities Co. Ltd. purchased a new position in shares of Infosys during the 3rd quarter valued at approximately $33,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Infosys during the 3rd quarter valued at approximately $57,000. Whittier Trust Co. of Nevada Inc. lifted its position 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 buying an additional 1,693 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Infosys by 34.3% during the 3rd quarter. GAMMA Investing LLC now owns 3,936 shares of the technology company's stock valued at $88,000 after buying an additional 1,005 shares in the last quarter. Finally, Ridgewood Investments LLC purchased a new position in shares of Infosys during the 2nd quarter valued at approximately $162,000. Institutional investors and hedge funds own 16.20% of the company's stock.

Wall Street Analyst Weigh In

INFY has been the topic of a number of recent analyst reports. StockNews.com upgraded Infosys from a "hold" rating to a "buy" rating in a research report on Thursday. HSBC raised Infosys from a "hold" rating to a "buy" rating in a research report on Monday, December 9th. Investec downgraded Infosys from a "hold" rating to a "sell" rating in a research report on Thursday, October 3rd. Erste Group Bank raised Infosys from a "hold" rating to a "buy" rating in a research report on Wednesday, September 11th. Finally, Hsbc Global Res raised Infosys from a "hold" rating to a "strong-buy" rating in a research report on Monday, December 9th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Infosys currently has an average rating of "Moderate Buy" and a consensus price target of $20.85.

Infosys Stock Up 0.6 %

INFY traded up $0.15 on Friday, reaching $23.40. The company's stock had a trading volume of 4,443,501 shares, compared to its average volume of 9,045,886. The stock has a 50 day moving average of $22.30 and a two-hundred day moving average of $21.36. The company has a market capitalization of $96.92 billion, a price-to-earnings ratio of 30.00, a P/E/G ratio of 3.77 and a beta of 1.00. Infosys Limited has a fifty-two week low of $16.04 and a fifty-two week high of $23.63.

Infosys (NYSE:INFY - Get Free Report) last announced its quarterly earnings results 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 firm had revenue of $4.89 billion during 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 company posted $0.18 earnings per share. As a group, analysts anticipate that Infosys Limited will post 0.75 earnings per share for the current fiscal year.

Infosys Increases Dividend

The company also recently disclosed a semi-annual dividend, which was paid on Tuesday, October 29th. Stockholders of record on Friday, January 1st were issued a $0.2126 dividend. This is an increase 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 presently 53.85%.

Infosys Profile

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.