Sivia Capital Partners LLC Raises Position in Infosys Limited (NYSE:INFY)

Sivia Capital Partners LLC boosted its stake in Infosys Limited (NYSE:INFY) by 8.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,571 shares of the technology company’s stock after buying an additional 2,008 shares during the quarter. Sivia Capital Partners LLC’s holdings in Infosys were worth $441,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. First Trust Advisors LP lifted its stake 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 worth $463,342,000 after purchasing an additional 884,833 shares in the last quarter. FIL Ltd lifted its stake in Infosys by 5.9% in the 4th quarter. FIL Ltd now owns 18,459,935 shares of the technology company’s stock worth $339,294,000 after purchasing an additional 1,031,371 shares in the last quarter. Vanguard Group Inc. lifted its stake in Infosys by 2.3% in the 3rd quarter. Vanguard Group Inc. now owns 8,143,005 shares of the technology company’s stock worth $139,327,000 after purchasing an additional 180,888 shares in the last quarter. Franklin Resources Inc. lifted its stake in Infosys by 20.7% in the 4th quarter. Franklin Resources Inc. now owns 6,719,669 shares of the technology company’s stock worth $123,508,000 after purchasing an additional 1,150,885 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake 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 worth $98,547,000 after purchasing an additional 209,675 shares in the last quarter. 10.89% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on INFY shares. StockNews.com downgraded shares of Infosys from a “buy” rating to a “hold” rating in a report on Tuesday, March 19th. Bank of America upgraded shares of Infosys from a “neutral” rating to a “buy” rating in a report on Tuesday, April 9th. Susquehanna cut their price target on shares of Infosys from $15.00 to $14.00 and set a “negative” rating for the company in a report on Friday, April 19th. Guggenheim initiated coverage on shares of Infosys in a report on Tuesday, March 19th. They issued a “neutral” rating and a $20.00 target price for the company. Finally, BMO Capital Markets dropped their target price on shares of Infosys from $21.00 to $18.00 and set a “market perform” rating for the company in a report on Friday, April 19th. One analyst has rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $19.27.

Infosys Stock Up 0.7 %

INFY stock traded up $0.13 during midday trading on Wednesday, hitting $19.36. The company’s stock had a trading volume of 3,885,163 shares, compared to its average volume of 9,340,162. Infosys Limited has a 52-week low of $15.33 and a 52-week high of $20.74. The firm has a market capitalization of $80.15 billion, a P/E ratio of 25.43, a PEG ratio of 3.43 and a beta of 0.98. The firm has a 50-day simple moving average of $17.45 and a 200-day simple moving average of $18.43.

Infosys (NYSE:INFY) last released its quarterly earnings data on Thursday, April 18th. The technology company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.06. The business had revenue of $4.56 billion during the quarter, compared to analysts’ expectations of $4.49 billion. Infosys had a net margin of 17.06% and a return on equity of 32.33%. During the same period in the previous year, the company earned $0.18 EPS. On average, sell-side analysts expect that Infosys Limited will post 0.75 earnings per share for the current fiscal year.

Infosys Cuts Dividend

The company also recently disclosed a semi-annual dividend, which was paid on Friday, May 31st. Stockholders of record on Friday, May 31st were given a dividend of $0.2035 per share. The ex-dividend date was Friday, May 31st. This represents a dividend yield of 1.4%. Infosys’s dividend payout ratio (DPR) is currently 38.16%.

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.