Regent Peak Wealth Advisors LLC lessened its position in shares of Infosys Limited (NYSE:INFY - Free Report) by 79.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,349 shares of the technology company's stock after selling 88,591 shares during the quarter. Regent Peak Wealth Advisors LLC's holdings in Infosys were worth $512,000 as of its most recent SEC filing.
A number of other large investors have also added to or reduced their stakes in the company. International Assets Investment Management LLC purchased a new stake in Infosys during the third quarter worth $16,560,000. Nomura Asset Management Co. Ltd. grew its stake in Infosys by 22.5% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 670,907 shares of the technology company's stock worth $14,941,000 after buying an additional 123,083 shares during the last quarter. Barclays PLC increased its position in Infosys by 11.8% during the 3rd quarter. Barclays PLC now owns 2,523,605 shares of the technology company's stock valued at $56,200,000 after buying an additional 266,902 shares in the last quarter. DGS Capital Management LLC raised its stake in Infosys by 15.9% in the third quarter. DGS Capital Management LLC now owns 63,209 shares of the technology company's stock valued at $1,408,000 after buying an additional 8,692 shares during the last quarter. Finally, BNP Paribas Financial Markets grew its stake in shares of Infosys by 5.1% during the third quarter. BNP Paribas Financial Markets now owns 6,072,537 shares of the technology company's stock worth $135,235,000 after acquiring an additional 297,183 shares during the last quarter. Institutional investors own 16.20% of the company's stock.
Infosys Price Performance
Shares of NYSE INFY traded down $0.13 during trading hours on Tuesday, reaching $22.62. The stock had a trading volume of 5,150,389 shares, compared to its average volume of 5,094,947. The business's fifty day moving average is $22.33 and its two-hundred day moving average is $22.00. Infosys Limited has a twelve month low of $16.04 and a twelve month high of $23.63. The company has a market cap of $93.69 billion, a price-to-earnings ratio of 29.00, a PEG ratio of 3.77 and a beta of 1.00.
Infosys (NYSE:INFY - Get Free Report) last announced its earnings results on Thursday, October 17th. The technology company reported $0.19 EPS for the quarter, hitting the consensus estimate 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 for the quarter, compared to analysts' expectations of $4.89 billion. During the same quarter in the prior year, the business earned $0.18 earnings per share. Sell-side analysts forecast that Infosys Limited will post 0.75 earnings per share for the current fiscal year.
Infosys Increases Dividend
The company also recently declared a semi-annual dividend, which was paid on Tuesday, October 29th. Investors of record on Friday, January 1st were paid a $0.2126 dividend. The ex-dividend date of this dividend 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 53.85%.
Wall Street Analyst Weigh In
Several analysts have recently commented on the stock. BMO Capital Markets upped their price objective on shares of Infosys from $23.00 to $25.00 and gave the company a "market perform" rating in a report on Friday, October 18th. Investec cut shares of Infosys from a "hold" rating to a "sell" rating in a research report on Thursday, October 3rd. Hsbc Global Res raised shares of Infosys from a "hold" rating to a "strong-buy" rating in a research note on Monday, December 9th. StockNews.com lowered shares of Infosys from a "buy" rating to a "hold" rating in a research note on Friday. Finally, Erste Group Bank upgraded shares of Infosys from a "hold" rating to a "buy" rating in a research note on Wednesday, September 11th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $20.85.
Get Our Latest Analysis on INFY
Infosys Profile
(
Free Report)
Infosys Ltd. is a digital services and consulting company, which engages in the provision of end-to-end business solutions. It operates through the following segments: Financial Services, Retail, Communication, Energy, Utilities, Resources, and Services, Manufacturing, Hi-Tech, Life Sciences, and All Other.
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