Infosys Limited (NYSE:INFY) Shares Sold by Deltec Asset Management LLC

Deltec Asset Management LLC decreased its stake in shares of Infosys Limited (NYSE:INFY - Free Report) by 59.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 57,500 shares of the technology company's stock after selling 84,000 shares during the quarter. Deltec Asset Management LLC's holdings in Infosys were worth $1,281,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of INFY. abrdn plc raised its holdings in shares of Infosys by 164.4% in the 3rd quarter. abrdn plc now owns 321,227 shares of the technology company's stock valued at $7,123,000 after purchasing an additional 199,748 shares in the last quarter. Modera Wealth Management LLC increased its holdings in Infosys by 0.4% in the third quarter. Modera Wealth Management LLC now owns 183,028 shares of the technology company's stock valued at $4,076,000 after buying an additional 653 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in Infosys by 188.9% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 87,794 shares of the technology company's stock valued at $1,955,000 after buying an additional 57,400 shares in the last quarter. Outlook Wealth Advisors LLC lifted its holdings in Infosys by 3.0% during the 3rd quarter. Outlook Wealth Advisors LLC now owns 17,897 shares of the technology company's stock worth $399,000 after buying an additional 526 shares during the last quarter. Finally, Ballentine Partners LLC boosted its position in shares of Infosys by 16.1% during the 3rd quarter. Ballentine Partners LLC now owns 77,517 shares of the technology company's stock worth $1,726,000 after acquiring an additional 10,770 shares in the last quarter. Institutional investors and hedge funds own 10.89% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on INFY shares. Investec cut Infosys from a "hold" rating to a "sell" rating in a research note on Thursday, October 3rd. Macquarie upgraded shares of Infosys from an "underperform" rating to a "neutral" rating in a research report on Friday, July 19th. BMO Capital Markets increased their target price 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. Erste Group Bank raised shares of Infosys from a "hold" rating to a "buy" rating in a research report on Wednesday, September 11th. Finally, StockNews.com lowered Infosys from a "buy" rating to a "hold" rating in a report on Monday, October 21st. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $20.85.

Infosys Price Performance

Shares of INFY stock traded down $0.66 during mid-day trading on Wednesday, hitting $21.11. The stock had a trading volume of 8,486,690 shares, compared to its average volume of 9,268,297. Infosys Limited has a fifty-two week low of $16.04 and a fifty-two week high of $23.48. The company's 50-day simple moving average is $22.70 and its 200-day simple moving average is $20.20. The firm has a market cap of $87.39 billion, a PE ratio of 28.22, a PEG ratio of 3.57 and a beta of 0.99.

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

Infosys Increases Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Tuesday, October 29th. Investors of record on Friday, January 1st were issued a dividend of $0.2126 per share. The ex-dividend date of this dividend was Tuesday, October 29th. This represents a yield of 1.1%. This is an increase from Infosys's previous semi-annual dividend of $0.20. Infosys's payout ratio is currently 55.26%.

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.