Tudor Financial Inc. Acquires Shares of 22,270 Infosys Limited (NYSE:INFY)

Tudor Financial Inc. acquired a new stake in shares of Infosys Limited (NYSE:INFY - Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 22,270 shares of the technology company's stock, valued at approximately $496,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Mizuho Securities Co. Ltd. bought a new stake in Infosys in the 3rd quarter valued at $33,000. Whittier Trust Co. of Nevada Inc. increased its holdings 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 valued at $56,000 after acquiring an additional 1,693 shares during the last quarter. GAMMA Investing LLC increased its holdings in Infosys by 34.3% in the 3rd quarter. GAMMA Investing LLC now owns 3,936 shares of the technology company's stock valued at $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 valued at $162,000. Finally, Advisor Resource Council bought a new stake in Infosys in the 3rd quarter valued at $202,000. Institutional investors own 16.20% of the company's stock.

Analysts Set New Price Targets

A number of analysts have issued reports on the stock. HSBC upgraded shares of Infosys from a "hold" rating to a "buy" rating in a report on Monday. BMO Capital Markets boosted their target price 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. Hsbc Global Res upgraded shares of Infosys from a "hold" rating to a "strong-buy" rating in a report on Monday. Investec downgraded shares of Infosys from a "hold" rating to a "sell" rating in a report on Thursday, October 3rd. Finally, StockNews.com downgraded shares of Infosys from a "buy" rating to a "hold" rating in a report on Wednesday, November 20th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Infosys presently has a consensus rating of "Moderate Buy" and a consensus price target of $20.85.

Infosys Stock Down 0.5 %

NYSE:INFY traded down $0.11 during mid-day trading on Thursday, hitting $23.25. 5,703,176 shares of the stock traded hands, compared to its average volume of 9,064,863. The stock has a market capitalization of $96.30 billion, a price-to-earnings ratio of 29.94, a PEG ratio of 3.69 and a beta of 1.00. Infosys Limited has a 52 week low of $16.04 and a 52 week high of $23.51. The firm's 50 day moving average is $22.27 and its two-hundred day moving average is $21.28.

Infosys (NYSE:INFY - Get Free Report) last issued its quarterly earnings results on Thursday, October 17th. The technology company reported $0.19 EPS for the quarter, meeting 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 period in the prior year, the firm posted $0.18 EPS. As a group, research analysts predict 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. Shareholders of record on Friday, January 1st were given a $0.2126 dividend. This represents a yield of 1.1%. This is a boost from Infosys's previous semi-annual dividend of $0.20. The ex-dividend date of this dividend was Tuesday, October 29th. 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.