LMR Partners LLP Has $43.89 Million Stock Position in Infosys Limited (NYSE:INFY)

LMR Partners LLP lowered its position in shares of Infosys Limited (NYSE:INFY - Free Report) by 38.4% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,971,000 shares of the technology company's stock after selling 1,228,311 shares during the quarter. Infosys accounts for approximately 0.4% of LMR Partners LLP's investment portfolio, making the stock its 21st largest position. LMR Partners LLP's holdings in Infosys were worth $43,894,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. International Assets Investment Management LLC purchased a new stake in shares of Infosys during the third quarter valued at $16,560,000. Baader Bank Aktiengesellschaft acquired a new position in Infosys in the 2nd quarter worth approximately $529,000. Panagora Asset Management Inc. grew its position in Infosys by 52.5% during the 2nd quarter. Panagora Asset Management Inc. now owns 1,010,512 shares of the technology company's stock worth $18,816,000 after purchasing an additional 348,018 shares in the last quarter. SG Americas Securities LLC acquired a new stake in Infosys during the 1st quarter valued at $435,000. Finally, Millennium Management LLC lifted its holdings in shares of Infosys by 67.9% in the second quarter. Millennium Management LLC now owns 7,601,073 shares of the technology company's stock valued at $141,532,000 after purchasing an additional 3,074,432 shares in the last quarter. 10.89% of the stock is owned by institutional investors and hedge funds.

Infosys Trading Up 0.4 %

NYSE INFY traded up $0.09 during trading on Monday, reaching $21.62. The company's stock had a trading volume of 2,754,174 shares, compared to its average volume of 9,217,712. Infosys Limited has a 1-year low of $16.04 and a 1-year high of $23.48. The business has a 50-day moving average price of $22.33 and a 200-day moving average price of $20.61. The stock has a market capitalization of $89.55 billion, a PE ratio of 27.60, a PEG ratio of 3.48 and a beta of 1.00.

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 for the quarter, hitting analysts' consensus estimates of $0.19. Infosys had a return on equity of 31.43% and a net margin of 17.15%. The company had revenue of $4.89 billion during the quarter, compared to analysts' expectations of $4.89 billion. During the same quarter in the previous year, the firm earned $0.18 earnings per share. As a group, analysts expect that Infosys Limited will post 0.75 earnings per share for the current year.

Infosys Increases Dividend

The company also recently announced a semi-annual dividend, which was paid on Tuesday, October 29th. Investors of record on Friday, January 1st were paid a $0.2126 dividend. The ex-dividend date was Tuesday, October 29th. This is a positive change from Infosys's previous semi-annual dividend of $0.20. This represents a yield of 1.1%. Infosys's dividend payout ratio (DPR) is presently 53.85%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on INFY. Investec downgraded Infosys from a "hold" rating to a "sell" rating in a report on Thursday, October 3rd. Erste Group Bank upgraded Infosys from a "hold" rating to a "buy" rating in a report on Wednesday, September 11th. BMO Capital Markets raised their price target on shares of Infosys from $23.00 to $25.00 and gave the stock a "market perform" rating in a report on Friday, October 18th. Finally, StockNews.com upgraded shares of Infosys from a "hold" rating to a "buy" rating in a research note on Tuesday, November 12th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average 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.