Infosys Limited (NYSE:INFY) Shares Purchased by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. raised its stake in Infosys Limited (NYSE:INFY - Free Report) by 68.8% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 24,339,983 shares of the technology company's stock after acquiring an additional 9,923,744 shares during the period. Infosys makes up 1.1% of Robeco Institutional Asset Management B.V.'s portfolio, making the stock its 14th largest holding. Robeco Institutional Asset Management B.V. owned approximately 0.59% of Infosys worth $542,051,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of INFY. Canada Pension Plan Investment Board grew its stake in shares of Infosys by 37.3% in 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 buying an additional 5,862,144 shares in the last quarter. Sustainable Growth Advisers LP increased 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 acquiring an additional 699,641 shares during the last quarter. Millennium Management LLC raised its position in Infosys by 67.9% during 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 period. Bank of New York Mellon Corp lifted its stake in shares of Infosys by 10.0% in the 2nd 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 purchasing an additional 570,435 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in Infosys by 13.4% during the second quarter. Dimensional Fund Advisors LP now owns 6,040,195 shares of the technology company's stock worth $112,481,000 after buying an additional 715,812 shares during the period. Hedge funds and other institutional investors own 10.89% of the company's stock.

Analyst Ratings Changes

Several research analysts have issued reports on the company. StockNews.com lowered Infosys from a "buy" rating to a "hold" rating in a research report on Thursday. Investec downgraded Infosys from a "hold" rating to a "sell" rating in a research report on Thursday, October 3rd. Macquarie upgraded Infosys from an "underperform" rating to a "neutral" rating in a research report on Friday, July 19th. BMO Capital Markets upped their price target on shares of Infosys from $23.00 to $25.00 and gave the stock a "market perform" rating in a report on Friday, October 18th. Finally, Erste Group Bank raised shares of Infosys from a "hold" rating to a "buy" rating in a research report on Wednesday, September 11th. 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 stock. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $20.85.

Infosys Trading Down 0.2 %

Shares of INFY traded down $0.04 during mid-day trading on Monday, hitting $20.72. The company's stock had a trading volume of 11,936,866 shares, compared to its average volume of 9,277,840. The company's 50-day moving average is $22.58 and its 200-day moving average is $20.31. The firm has a market capitalization of $85.82 billion, a price-to-earnings ratio of 26.56, a PEG ratio of 3.37 and a beta of 1.00. Infosys Limited has a 52-week low of $16.04 and a 52-week high of $23.48.

Infosys (NYSE:INFY - Get Free Report) last issued its quarterly earnings data on Thursday, October 17th. The technology company reported $0.19 earnings per share for the quarter, hitting analysts' consensus estimates of $0.19. Infosys had a return on equity of 31.43% and a net margin of 17.15%. The firm had revenue of $4.89 billion during the quarter, compared to analysts' expectations of $4.89 billion. During the same period in the prior year, the business posted $0.18 EPS. As a group, sell-side analysts predict that Infosys Limited will post 0.75 earnings per share for the current fiscal year.

Infosys Increases Dividend

The company also recently disclosed a semi-annual dividend, which was paid on Tuesday, October 29th. Investors of record on Friday, January 1st were paid a dividend of $0.2126 per share. This represents a dividend yield of 1.1%. The ex-dividend date was Tuesday, October 29th. This is a positive change from Infosys's previous semi-annual dividend of $0.20. Infosys's payout ratio is 53.85%.

About Infosys

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.