Quantinno Capital Management LP boosted its holdings in shares of Infosys Limited (NYSE:INFY - Free Report) by 47.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 86,985 shares of the technology company's stock after purchasing an additional 27,972 shares during the quarter. Quantinno Capital Management LP's holdings in Infosys were worth $1,937,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Mizuho Securities Co. Ltd. bought a new stake in Infosys in the 3rd quarter worth approximately $33,000. Whittier Trust Co. of Nevada Inc. increased its stake in Infosys by 126.7% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 3,029 shares of the technology company's stock worth $56,000 after acquiring an additional 1,693 shares during the last quarter. GAMMA Investing LLC increased its stake in Infosys by 34.3% in the 3rd quarter. GAMMA Investing LLC now owns 3,936 shares of the technology company's stock worth $88,000 after acquiring an additional 1,005 shares during the last quarter. Ridgewood Investments LLC bought a new stake in Infosys in the 2nd quarter worth approximately $162,000. Finally, Bank Pictet & Cie Europe AG bought a new stake in Infosys in the 2nd quarter worth approximately $194,000. Institutional investors own 16.20% of the company's stock.
Infosys Stock Down 0.5 %
INFY traded down $0.11 during trading hours on Thursday, reaching $23.25. 5,703,176 shares of the company's stock traded hands, compared to its average volume of 9,065,062. The firm has a 50-day moving average price of $22.27 and a 200 day moving average price of $21.28. Infosys Limited has a 52-week low of $16.04 and a 52-week high of $23.51. The firm has a market capitalization of $96.30 billion, a PE ratio of 29.81, a PEG ratio of 3.69 and a beta of 1.00.
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, meeting analysts' consensus estimates of $0.19. Infosys had a return on equity of 31.43% and a net margin of 17.15%. The company had revenue of $4.89 billion during the quarter, compared to analysts' expectations of $4.89 billion. During the same quarter in the previous year, the business earned $0.18 EPS. Equities analysts predict that Infosys Limited will post 0.75 EPS for the current fiscal year.
Infosys Increases Dividend
The company also recently announced a semi-annual dividend, which was paid on Tuesday, October 29th. Shareholders of record on Friday, January 1st were given a dividend of $0.2126 per share. The ex-dividend date of this dividend was Tuesday, October 29th. This is a positive change from Infosys's previous semi-annual dividend of $0.20. This represents a yield of 1.1%. Infosys's payout ratio is 53.85%.
Analyst Ratings Changes
A number of analysts have issued reports on INFY shares. Erste Group Bank raised Infosys from a "hold" rating to a "buy" rating in a research note on Wednesday, September 11th. BMO Capital Markets lifted their target price on Infosys from $23.00 to $25.00 and gave the stock a "market perform" rating in a report on Friday, October 18th. Investec cut Infosys from a "hold" rating to a "sell" rating in a report on Thursday, October 3rd. HSBC upgraded Infosys from a "hold" rating to a "buy" rating in a report on Monday. Finally, Hsbc Global Res upgraded Infosys from a "hold" rating to a "strong-buy" rating in a report on Monday. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $20.85.
Check Out Our Latest Analysis on Infosys
Infosys Company Profile
(
Free Report)
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.
Further Reading
Before you consider Infosys, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Infosys wasn't on the list.
While Infosys currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat has just released its list of 20 stocks that Wall Street analysts hate. These companies may appear to have good fundamentals, but top analysts smell something seriously rotten. Are any of these companies lurking around your portfolio? Find out by clicking the link below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
