Surience Private Wealth LLC Invests $3.33 Million in Infosys Limited (NYSE:INFY)

Surience Private Wealth LLC bought a new stake in shares of Infosys Limited (NYSE:INFY - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 149,484 shares of the technology company's stock, valued at approximately $3,329,000. Infosys accounts for approximately 3.4% of Surience Private Wealth LLC's investment portfolio, making the stock its 13th biggest holding.

Other large investors also recently modified their holdings of the company. Canada Pension Plan Investment Board boosted its stake in Infosys by 37.3% during the second quarter. Canada Pension Plan Investment Board now owns 21,580,344 shares of the technology company's stock worth $401,826,000 after buying an additional 5,862,144 shares in the last quarter. Sustainable Growth Advisers LP grew its stake in Infosys by 4.4% during the first quarter. Sustainable Growth Advisers LP now owns 16,591,434 shares of the technology company's stock worth $297,484,000 after buying an additional 699,641 shares during the last quarter. Millennium Management LLC increased its holdings in 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 purchasing an additional 3,074,432 shares in the last quarter. 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 valued at $116,338,000 after buying an additional 570,435 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in Infosys by 13.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 6,040,195 shares of the technology company's stock worth $112,481,000 after acquiring an additional 715,812 shares during the last quarter. 10.89% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Infosys Trading Down 0.2 %

Shares of Infosys stock traded down $0.04 during trading on Tuesday, hitting $22.16. 5,733,486 shares of the stock were exchanged, compared to its average volume of 9,347,422. The company has a fifty day moving average price of $22.70 and a 200-day moving average price of $20.06. The stock has a market capitalization of $91.74 billion, a price-to-earnings ratio of 29.16, a price-to-earnings-growth ratio of 3.68 and a beta of 0.99. Infosys Limited has a 1-year low of $16.04 and a 1-year high of $23.48.

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. The firm 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 32.01% and a net margin of 17.18%. During the same quarter in the previous year, the business earned $0.18 earnings per share. Equities research analysts forecast that Infosys Limited will post 0.75 EPS for the current fiscal year.

Infosys Increases Dividend

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