Baillie Gifford & Co. Buys 135,911 Shares of Infosys Limited (NYSE:INFY)

Baillie Gifford & Co. raised its position in Infosys Limited (NYSE:INFY - Free Report) by 4.6% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 3,089,058 shares of the technology company's stock after acquiring an additional 135,911 shares during the period. Baillie Gifford & Co. owned about 0.07% of Infosys worth $68,793,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of INFY. Robeco Institutional Asset Management B.V. boosted its position in Infosys by 68.8% during the third quarter. Robeco Institutional Asset Management B.V. now owns 24,339,983 shares of the technology company's stock valued at $542,051,000 after purchasing an additional 9,923,744 shares during the last quarter. Canada Pension Plan Investment Board boosted its holdings in shares of Infosys by 37.3% in the 2nd quarter. Canada Pension Plan Investment Board now owns 21,580,344 shares of the technology company's stock valued at $401,826,000 after buying an additional 5,862,144 shares during the last quarter. Millennium Management LLC boosted its holdings in shares of Infosys by 67.9% in the 2nd quarter. Millennium Management LLC now owns 7,601,073 shares of the technology company's stock valued at $141,532,000 after buying an additional 3,074,432 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of Infosys by 10.0% in the second quarter. Bank of New York Mellon Corp now owns 6,248,026 shares of the technology company's stock valued at $116,338,000 after buying an additional 570,435 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in Infosys by 13.4% during the second quarter. Dimensional Fund Advisors LP now owns 6,040,195 shares of the technology company's stock worth $112,481,000 after buying an additional 715,812 shares during the last quarter. Institutional investors and hedge funds own 10.89% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on INFY. Investec cut shares of Infosys from a "hold" rating to a "sell" rating in a research note on Thursday, October 3rd. Erste Group Bank upgraded shares of Infosys from a "hold" rating to a "buy" rating in a research note on Wednesday, September 11th. Macquarie raised Infosys from an "underperform" rating to a "neutral" rating in a research report on Friday, July 19th. BMO Capital Markets raised 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. Finally, StockNews.com raised Infosys from a "hold" rating to a "buy" rating in a report on Tuesday. Two analysts have rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $20.85.

Infosys Stock Performance

Shares of NYSE INFY traded up $0.03 during trading hours on Wednesday, reaching $22.05. 5,432,128 shares of the stock were exchanged, compared to its average volume of 9,268,071. The stock's fifty day simple moving average is $22.40 and its 200 day simple moving average is $20.51. The firm has a market capitalization of $91.31 billion, a price-to-earnings ratio of 28.06, a P/E/G ratio of 3.56 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 posted its quarterly earnings data on Thursday, October 17th. The technology company reported $0.19 earnings per share for the quarter, hitting the consensus estimate of $0.19. The firm had revenue of $4.89 billion for 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 quarter last year, the business earned $0.18 EPS. Research analysts predict 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. Shareholders of record on Friday, January 1st were issued a $0.2126 dividend. The ex-dividend date was Tuesday, October 29th. This represents a yield of 1.1%. This is an increase from Infosys's previous semi-annual dividend of $0.20. Infosys's payout ratio is currently 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.