Crossmark Global Holdings Inc. Purchases 65,189 Shares of Infosys Limited (NYSE:INFY)

Crossmark Global Holdings Inc. grew its stake in shares of Infosys Limited (NYSE:INFY - Free Report) by 41.1% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 223,907 shares of the technology company's stock after purchasing an additional 65,189 shares during the period. Crossmark Global Holdings Inc.'s holdings in Infosys were worth $4,986,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Mercer Global Advisors Inc. ADV raised its stake in shares of Infosys by 2.9% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 17,632 shares of the technology company's stock worth $328,000 after buying an additional 505 shares during the last quarter. Outlook Wealth Advisors LLC raised its position in Infosys by 3.0% during the third quarter. Outlook Wealth Advisors LLC now owns 17,897 shares of the technology company's stock worth $399,000 after acquiring an additional 526 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of 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 purchasing an additional 541 shares in the last quarter. D Orazio & Associates Inc. increased its stake in shares of Infosys by 4.1% during the 2nd quarter. D Orazio & Associates Inc. now owns 14,724 shares of the technology company's stock worth $274,000 after purchasing an additional 584 shares in the last quarter. Finally, Somerset Trust Co lifted its position in shares of Infosys by 4.2% in the second quarter. Somerset Trust Co now owns 15,140 shares of the technology company's stock valued at $282,000 after acquiring an additional 611 shares in the last quarter. Hedge funds and other institutional investors own 10.89% of the company's stock.

Infosys Trading Up 0.3 %

Shares of NYSE:INFY traded up $0.06 during trading on Tuesday, hitting $22.10. 1,283,241 shares of the company were exchanged, compared to its average volume of 9,273,872. The firm has a fifty day moving average price of $22.42 and a two-hundred day moving average price of $20.47. Infosys Limited has a fifty-two week low of $16.04 and a fifty-two week high of $23.48. The stock has a market cap of $91.53 billion, a price-to-earnings ratio of 28.35, a P/E/G ratio of 3.51 and a beta of 1.00.

Infosys (NYSE:INFY - Get Free Report) last issued its quarterly earnings data on Thursday, October 17th. The technology company reported $0.19 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.19. The company 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 quarter in the previous year, the company posted $0.18 earnings per share. As a group, research analysts predict that Infosys Limited will post 0.75 EPS for the current year.

Infosys Increases Dividend

The business also recently declared a semi-annual dividend, which was paid on Tuesday, October 29th. Investors of record on Friday, January 1st were issued a dividend of $0.2126 per share. The ex-dividend date of this dividend was Tuesday, October 29th. This is a positive change from Infosys's previous semi-annual dividend of $0.20. This represents a dividend yield of 1.1%. Infosys's payout ratio is 53.85%.

Wall Street Analyst Weigh In

INFY has been the topic of several research reports. BMO Capital Markets raised their price target on shares of Infosys from $23.00 to $25.00 and gave the company a "market perform" rating in a report on Friday, October 18th. Investec cut shares of Infosys from a "hold" rating to a "sell" rating in a report on Thursday, October 3rd. Macquarie raised Infosys from an "underperform" rating to a "neutral" rating in a report on Friday, July 19th. StockNews.com upgraded shares of Infosys from a "hold" rating to a "buy" rating in a research report on Tuesday. Finally, Erste Group Bank upgraded shares of Infosys from a "hold" rating to a "buy" rating in a research report on Wednesday, September 11th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $20.85.

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.