Infosys Limited (NYSE:INFY) Shares Sold by Human Investing LLC

Human Investing LLC cut its stake in Infosys Limited (NYSE:INFY) by 8.5% in the second quarter, Holdings Channel reports. The fund owned 26,590 shares of the technology company’s stock after selling 2,455 shares during the period. Human Investing LLC’s holdings in Infosys were worth $495,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. First Trust Advisors LP raised its holdings in Infosys by 3.6% in the 4th quarter. First Trust Advisors LP now owns 25,209,033 shares of the technology company’s stock valued at $463,342,000 after buying an additional 884,833 shares during the period. FIL Ltd raised its holdings in Infosys by 5.9% in the 4th quarter. FIL Ltd now owns 18,459,935 shares of the technology company’s stock valued at $339,294,000 after buying an additional 1,031,371 shares during the period. Sustainable Growth Advisers LP raised its holdings in Infosys by 4.4% in the 1st quarter. Sustainable Growth Advisers LP now owns 16,591,434 shares of the technology company’s stock valued at $297,484,000 after buying an additional 699,641 shares during the period. Franklin Resources Inc. grew its position in Infosys by 20.7% in the 4th quarter. Franklin Resources Inc. now owns 6,719,669 shares of the technology company’s stock valued at $123,508,000 after acquiring an additional 1,150,885 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in Infosys by 4.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 5,360,152 shares of the technology company’s stock valued at $98,547,000 after acquiring an additional 209,675 shares in the last quarter. 10.89% of the stock is owned by institutional investors and hedge funds.

Infosys Stock Up 0.8 %

INFY traded up $0.18 on Friday, reaching $22.01. The company’s stock had a trading volume of 5,219,039 shares, compared to its average volume of 9,811,622. Infosys Limited has a fifty-two week low of $16.04 and a fifty-two week high of $22.94. The stock has a 50 day moving average of $20.05 and a two-hundred day moving average of $18.92. The company has a market capitalization of $91.12 billion, a price-to-earnings ratio of 28.96, a P/E/G ratio of 3.53 and a beta of 0.98.

Infosys (NYSE:INFY) last issued its quarterly earnings data on Thursday, July 18th. The technology company reported $0.18 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.18. Infosys had a return on equity of 32.01% and a net margin of 17.18%. The company had revenue of $4.71 billion during the quarter, compared to analysts’ expectations of $4.67 billion. During the same quarter in the previous year, the business earned $0.17 earnings per share. As a group, analysts anticipate that Infosys Limited will post 0.75 earnings per share for the current fiscal year.

Infosys Cuts Dividend

The business also recently declared a semi-annual dividend, which was paid on Friday, May 31st. Stockholders of record on Friday, May 31st were paid a dividend of $0.2035 per share. This represents a dividend yield of 1.4%. The ex-dividend date was Friday, May 31st. Infosys’s dividend payout ratio (DPR) is presently 36.84%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on INFY. BMO Capital Markets dropped their target price on Infosys from $21.00 to $18.00 and set a “market perform” rating for the company in a research report on Friday, April 19th. StockNews.com downgraded Infosys from a “buy” rating to a “hold” rating in a research report on Thursday, August 8th. Macquarie raised Infosys from an “underperform” rating to a “neutral” rating in a research report on Friday, July 19th. HSBC reissued a “hold” rating and set a $20.10 price objective on shares of Infosys in a research report on Friday, April 19th. Finally, Susquehanna lowered their price objective on Infosys from $15.00 to $14.00 and set a “negative” rating for the company in a research report on Friday, April 19th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $19.27.

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.