Blue Trust Inc. Has $1.05 Million Holdings in Infosys Limited (NYSE:INFY)

Blue Trust Inc. boosted its holdings in Infosys Limited (NYSE:INFY - Free Report) by 110.5% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 47,185 shares of the technology company's stock after buying an additional 24,774 shares during the quarter. Blue Trust Inc.'s holdings in Infosys were worth $1,051,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Canada Pension Plan Investment Board grew 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 purchasing an additional 5,862,144 shares in the last quarter. Millennium Management LLC boosted its stake in shares of Infosys by 67.9% during 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 period. Acadian Asset Management LLC boosted its stake in shares of Infosys by 106.1% during the 1st quarter. Acadian Asset Management LLC now owns 4,839,764 shares of the technology company's stock valued at $86,764,000 after buying an additional 2,491,403 shares during the period. Wellington Management Group LLP boosted its stake in shares of Infosys by 539.8% during the 4th quarter. Wellington Management Group LLP now owns 2,010,636 shares of the technology company's stock valued at $36,955,000 after buying an additional 1,696,378 shares during the period. Finally, Daiwa Securities Group Inc. boosted its stake in shares of Infosys by 46.0% during the 2nd quarter. Daiwa Securities Group Inc. now owns 5,234,500 shares of the technology company's stock valued at $97,467,000 after buying an additional 1,648,650 shares during the period. Institutional investors and hedge funds own 10.89% of the company's stock.

Analyst Ratings Changes

INFY has been the subject of several analyst reports. Macquarie raised shares of Infosys from an "underperform" rating to a "neutral" rating in a research note on Friday, July 19th. Erste Group Bank raised shares of Infosys from a "hold" rating to a "buy" rating in a research note on Wednesday, September 11th. StockNews.com raised shares of Infosys from a "hold" rating to a "buy" rating in a research note on Monday, September 30th. Investec lowered shares of Infosys from a "hold" rating to a "sell" rating in a research note on Thursday, October 3rd. Finally, BMO Capital Markets lifted their price objective on shares of Infosys from $23.00 to $25.00 and gave the company a "market perform" rating in a research note on Friday. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, Infosys currently has an average rating of "Hold" and an average price target of $20.85.

Infosys Stock Performance

Shares of NYSE:INFY traded down $0.31 on Monday, hitting $22.20. 10,409,892 shares of the company were exchanged, compared to its average volume of 9,365,223. The company's 50 day moving average price is $22.69 and its two-hundred day moving average price is $20.03. Infosys Limited has a one year low of $16.04 and a one year high of $23.48. The firm has a market capitalization of $91.91 billion, a price-to-earnings ratio of 29.21, a PEG ratio of 3.68 and a beta of 0.99.

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 (EPS) for the quarter, hitting 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 net margin of 17.18% and a return on equity of 32.01%. During the same quarter in the previous year, the firm posted $0.18 EPS. Research analysts predict that Infosys Limited will post 0.75 earnings per share for the current year.

Infosys Increases Dividend

The firm also recently announced a semi-annual dividend, which will be paid on Tuesday, October 29th. Investors of record on Friday, January 1st will be paid a $0.2126 dividend. The ex-dividend date is Tuesday, October 29th. This represents a yield of 1.1%. This is a boost from Infosys's previous semi-annual dividend of $0.20. Infosys's payout ratio is presently 36.84%.

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.