Infosys Limited (NYSE:INFY) Shares Acquired by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Infosys Limited (NYSE:INFY - Free Report) by 62.6% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 514,838 shares of the technology company's stock after purchasing an additional 198,192 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC's holdings in Infosys were worth $11,465,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the business. Mizuho Securities Co. Ltd. acquired a new position in shares of Infosys during the third quarter worth about $33,000. GAMMA Investing LLC lifted its position in Infosys by 22.6% during the 2nd quarter. GAMMA Investing LLC now owns 2,931 shares of the technology company's stock worth $55,000 after acquiring an additional 541 shares in the last quarter. Whittier Trust Co. of Nevada Inc. boosted 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 worth $56,000 after acquiring an additional 1,693 shares during the period. Ridgewood Investments LLC acquired a new stake in Infosys in the second quarter valued at approximately $162,000. Finally, Bank Pictet & Cie Europe AG acquired a new position in shares of Infosys during the second quarter worth $194,000. Hedge funds and other institutional investors own 10.89% of the company's stock.

Infosys Stock Performance

Shares of NYSE INFY remained flat at $22.86 during trading on Friday. The stock had a trading volume of 4,709,626 shares, compared to its average volume of 6,828,291. The stock has a 50 day simple moving average of $22.21 and a 200 day simple moving average of $21.15. Infosys Limited has a 1-year low of $16.04 and a 1-year high of $23.48. The firm has a market capitalization of $94.68 billion, a PE ratio of 29.31, a PEG ratio of 3.64 and a beta of 1.00.

Infosys (NYSE:INFY - Get Free Report) last released its earnings results on Thursday, October 17th. The technology company reported $0.19 earnings per share for the quarter, meeting the consensus estimate of $0.19. Infosys had a net margin of 17.15% and a return on equity of 31.43%. The firm had revenue of $4.89 billion during the quarter, compared to analyst estimates of $4.89 billion. During the same quarter in the previous year, the firm earned $0.18 earnings per share. On average, sell-side analysts expect that Infosys Limited will post 0.75 earnings per share for the current year.

Infosys Increases Dividend

The business also recently announced a semi-annual dividend, which was paid on Tuesday, October 29th. Shareholders of record on Friday, January 1st were paid a $0.2126 dividend. This is an increase from Infosys's previous semi-annual dividend of $0.20. This represents a yield of 1.1%. The ex-dividend date was Tuesday, October 29th. Infosys's payout ratio is presently 53.85%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. BMO Capital Markets raised their price target 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 downgraded Infosys from a "hold" rating to a "sell" rating in a research note on Thursday, October 3rd. StockNews.com cut Infosys from a "buy" rating to a "hold" rating in a research note on Wednesday, November 20th. Finally, Erste Group Bank upgraded Infosys from a "hold" rating to a "buy" rating in a research note on Wednesday, September 11th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, Infosys currently has an average rating of "Hold" and a consensus price target of $20.85.

Infosys Company Profile

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.