Infosys Limited (NYSE:INFY) Stock Position Lifted by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. lifted its stake in shares of Infosys Limited (NYSE:INFY) by 22.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 670,907 shares of the technology company’s stock after purchasing an additional 123,083 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Infosys were worth $14,941,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of INFY. Mizuho Securities Co. Ltd. bought a new position in Infosys during the 3rd quarter valued at $33,000. Whittier Trust Co. of Nevada Inc. grew its holdings in Infosys by 126.7% during the second 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. GAMMA Investing LLC raised its position in Infosys by 34.3% in the third 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 in the last quarter. Ridgewood Investments LLC acquired a new stake in Infosys in the 2nd quarter valued at about $162,000. Finally, Bank Pictet & Cie Europe AG bought a new position in shares of Infosys during the 2nd quarter valued at about $194,000. Institutional investors and hedge funds own 16.20% of the company’s stock.

Wall Street Analysts Forecast Growth

INFY has been the subject of a number of research reports. Investec cut shares of 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. Hsbc Global Res raised Infosys from a “hold” rating to a “strong-buy” rating in a report on Monday. BMO Capital Markets lifted their price target on Infosys from $23.00 to $25.00 and gave the stock a “market perform” rating in a research note on Friday, October 18th. Finally, StockNews.com lowered shares of Infosys from a “buy” rating to a “hold” rating in a research note on Wednesday, November 20th. Two analysts have rated the stock with a sell rating, four have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Infosys has a consensus rating of “Moderate Buy” and a consensus target price of $20.85.

Infosys Stock Performance

Shares of INFY opened at $23.23 on Wednesday. The company has a market capitalization of $96.22 billion, a PE ratio of 29.78, a PEG ratio of 3.69 and a beta of 1.00. The company’s 50 day moving average price is $22.23 and its 200 day moving average price is $21.22. Infosys Limited has a 52 week low of $16.04 and a 52 week high of $23.48.

Infosys (NYSE:INFY) last posted 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. Infosys had a net margin of 17.15% and a return on equity of 31.43%. The business had revenue of $4.89 billion for the quarter, compared to analysts’ expectations of $4.89 billion. During the same period in the previous year, the company posted $0.18 EPS. On average, equities 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. Stockholders of record on Friday, January 1st were issued a dividend of $0.2126 per share. This represents a dividend yield of 1.1%. This is a positive change 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 currently 53.85%.

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.