Nomura Asset Management Co. Ltd. Has $14.94 Million Stake in Infosys Limited (NYSE:INFY)

Nomura Asset Management Co. Ltd. lifted its holdings in Infosys Limited (NYSE:INFY - Free Report) by 22.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 670,907 shares of the technology company's stock after purchasing an additional 123,083 shares during the period. Nomura Asset Management Co. Ltd.'s holdings in Infosys were worth $14,941,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of INFY. Robeco Institutional Asset Management B.V. lifted its stake in shares of Infosys by 68.8% in the third quarter. Robeco Institutional Asset Management B.V. now owns 24,339,983 shares of the technology company's stock worth $542,051,000 after buying an additional 9,923,744 shares during the last quarter. Canada Pension Plan Investment Board lifted its position in Infosys by 37.3% during the 2nd quarter. Canada Pension Plan Investment Board now owns 21,580,344 shares of the technology company's stock worth $401,826,000 after acquiring an additional 5,862,144 shares during the last quarter. Fisher Asset Management LLC boosted its holdings in Infosys by 9.7% during the third quarter. Fisher Asset Management LLC now owns 14,415,018 shares of the technology company's stock valued at $321,022,000 after acquiring an additional 1,271,890 shares during the period. Millennium Management LLC grew its position 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 during the last quarter. Finally, Bank of New York Mellon Corp increased 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 worth $116,338,000 after purchasing an additional 570,435 shares during the period. 16.20% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have issued reports on INFY shares. Erste Group Bank raised Infosys from a "hold" rating to a "buy" rating in a report on Wednesday, September 11th. HSBC upgraded shares of Infosys from a "hold" rating to a "buy" rating in a research note on Monday. Investec cut shares of Infosys from a "hold" rating to a "sell" rating in a research note on Thursday, October 3rd. StockNews.com lowered shares of Infosys from a "buy" rating to a "hold" rating in a research report on Wednesday, November 20th. Finally, BMO Capital Markets upped their price objective on shares of Infosys from $23.00 to $25.00 and gave the company a "market perform" rating in a research report on Friday, October 18th. Two research analysts have rated the stock with a sell rating, four have given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $20.85.

Infosys Stock Performance

NYSE INFY traded up $0.12 during trading on Wednesday, reaching $23.36. 6,193,222 shares of the company traded hands, compared to its average volume of 9,078,928. Infosys Limited has a 1-year low of $16.04 and a 1-year high of $23.51. The company has a market cap of $96.73 billion, a price-to-earnings ratio of 29.95, a P/E/G ratio of 3.69 and a beta of 1.00. The stock's 50 day moving average price is $22.25 and its two-hundred day moving average price is $21.26.

Infosys (NYSE:INFY - Get Free Report) last announced its quarterly earnings results on Thursday, October 17th. The technology company reported $0.19 EPS for the quarter, meeting the consensus estimate of $0.19. Infosys had a return on equity of 31.43% and a net margin of 17.15%. The business had revenue of $4.89 billion for the quarter, compared to analyst estimates of $4.89 billion. During the same quarter in the previous year, the firm earned $0.18 EPS. Equities research analysts expect that Infosys Limited will post 0.75 EPS for the current fiscal year.

Infosys Increases Dividend

The company also recently disclosed 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 represents a yield of 1.1%. 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. Infosys's dividend payout ratio is currently 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.