Longfellow Investment Management Co. LLC Cuts Stake in Infosys Limited (NYSE:INFY)

Longfellow Investment Management Co. LLC reduced its holdings in shares of Infosys Limited (NYSE:INFY - Free Report) by 22.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 141,638 shares of the technology company's stock after selling 41,605 shares during the period. Infosys accounts for about 0.8% of Longfellow Investment Management Co. LLC's investment portfolio, making the stock its 18th largest holding. Longfellow Investment Management Co. LLC's holdings in Infosys were worth $3,154,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of INFY. Mizuho Securities Co. Ltd. purchased a new position in shares of Infosys in the 3rd quarter worth about $33,000. GAMMA Investing LLC lifted its stake 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 worth $55,000 after buying an additional 541 shares in the last quarter. Hilltop National Bank grew its holdings in shares of Infosys by 50.8% during the second quarter. Hilltop National Bank now owns 2,979 shares of the technology company's stock valued at $55,000 after buying an additional 1,004 shares during the last quarter. Whittier Trust Co. of Nevada Inc. increased its position in shares of Infosys by 126.7% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 3,029 shares of the technology company's stock valued at $56,000 after acquiring an additional 1,693 shares in the last quarter. Finally, Ridgewood Investments LLC purchased a new position in Infosys in the 2nd quarter worth approximately $162,000. Institutional investors own 10.89% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on INFY shares. BMO Capital Markets boosted 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. StockNews.com cut shares of Infosys from a "buy" rating to a "hold" rating in a research note on Wednesday, November 20th. Erste Group Bank raised shares of Infosys from a "hold" rating to a "buy" rating in a report on Wednesday, September 11th. Finally, Investec cut shares of Infosys from a "hold" rating to a "sell" rating in a report on Thursday, October 3rd. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Infosys has an average rating of "Hold" and a consensus price target of $20.85.

Infosys Stock Performance

Shares of INFY stock traded up $0.05 during mid-day trading on Monday, reaching $22.84. 11,805,788 shares of the company's stock traded hands, compared to its average volume of 9,202,032. The firm has a market capitalization of $94.60 billion, a PE ratio of 29.09, a price-to-earnings-growth ratio of 3.68 and a beta of 1.00. Infosys Limited has a 12 month low of $16.04 and a 12 month high of $23.48. The firm has a 50 day moving average price of $22.24 and a two-hundred day moving average price of $20.79.

Infosys (NYSE:INFY - Get Free Report) last released its earnings results on Thursday, October 17th. The technology company reported $0.19 earnings per share for the quarter, meeting the consensus estimate of $0.19. The company had revenue of $4.89 billion for 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 previous year, the business earned $0.18 earnings per share. As a group, equities analysts expect that Infosys Limited will post 0.75 earnings per share for the current fiscal year.

Infosys Increases Dividend

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

Infosys Company 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.