Quantbot Technologies LP Makes New Investment in Infosys Limited (NYSE:INFY)

Quantbot Technologies LP acquired a new stake in shares of Infosys Limited (NYSE:INFY - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 122,290 shares of the technology company's stock, valued at approximately $2,723,000.

Several other institutional investors also recently bought and sold shares of the business. Mizuho Securities Co. Ltd. bought a new stake in Infosys during the 3rd quarter valued at $33,000. GAMMA Investing LLC grew its stake in Infosys by 22.6% in the second quarter. GAMMA Investing LLC now owns 2,931 shares of the technology company's stock valued at $55,000 after purchasing an additional 541 shares during the last quarter. Hilltop National Bank raised its holdings in Infosys by 50.8% in the second quarter. Hilltop National Bank now owns 2,979 shares of the technology company's stock worth $55,000 after purchasing an additional 1,004 shares in the last quarter. Whittier Trust Co. of Nevada Inc. lifted its position in shares of Infosys by 126.7% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 3,029 shares of the technology company's stock valued at $56,000 after buying an additional 1,693 shares during the last quarter. Finally, Ridgewood Investments LLC bought a new stake in shares of Infosys in the 2nd quarter valued at about $162,000. 10.89% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on INFY shares. 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. Investec lowered Infosys from a "hold" rating to a "sell" rating in a report on Thursday, October 3rd. Erste Group Bank raised 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 research report on Wednesday, November 20th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $20.85.

Infosys Trading Down 1.9 %

Shares of INFY stock traded down $0.44 during mid-day trading on Thursday, reaching $22.74. The stock had a trading volume of 9,141,186 shares, compared to its average volume of 9,193,670. Infosys Limited has a 1-year low of $16.04 and a 1-year high of $23.48. The firm has a market cap of $94.19 billion, a price-to-earnings ratio of 29.15, a PEG ratio of 3.69 and a beta of 1.00. The business's fifty day moving average is $22.24 and its 200-day moving average is $20.90.

Infosys (NYSE:INFY - Get Free Report) last issued its quarterly earnings results on Thursday, October 17th. The technology company reported $0.19 earnings per share 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 17.15% and a return on equity of 31.43%. During the same quarter in the prior year, the company earned $0.18 EPS. On average, analysts forecast 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 was paid on Tuesday, October 29th. Investors of record on Friday, January 1st were given a dividend of $0.2126 per share. The ex-dividend date was Tuesday, October 29th. This is an increase from Infosys's previous semi-annual dividend of $0.20. This represents a yield of 1.1%. Infosys's payout ratio is currently 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.