Infosys Limited (NYSE:INFY) Shares Purchased by Cable Hill Partners LLC

Cable Hill Partners LLC raised its holdings in Infosys Limited (NYSE:INFY) by 29.0% during the third quarter, Holdings Channel reports. The institutional investor owned 16,874 shares of the technology company’s stock after buying an additional 3,790 shares during the period. Cable Hill Partners LLC’s holdings in Infosys were worth $376,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of INFY. Mizuho Securities Co. Ltd. purchased a new stake in shares of Infosys during the 3rd quarter worth approximately $33,000. D Orazio & Associates Inc. increased its position in Infosys by 9.1% during the third quarter. D Orazio & Associates Inc. now owns 16,068 shares of the technology company’s stock worth $358,000 after buying an additional 1,344 shares during the period. Empower Advisory Group LLC increased its holdings in shares of Infosys by 23.4% in the 3rd quarter. Empower Advisory Group LLC now owns 20,120 shares of the technology company’s stock valued at $448,000 after acquiring an additional 3,820 shares during the period. Victory Capital Management Inc. increased its stake in Infosys by 6,071.1% in the third quarter. Victory Capital Management Inc. now owns 4,739,830 shares of the technology company’s stock valued at $105,556,000 after purchasing an additional 4,663,023 shares during the period. Finally, Baillie Gifford & Co. raised its holdings in shares of Infosys by 4.6% in the third quarter. Baillie Gifford & Co. now owns 3,089,058 shares of the technology company’s stock valued at $68,793,000 after buying an additional 135,911 shares during the last quarter. 10.89% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on INFY. Macquarie upgraded Infosys from an “underperform” rating to a “neutral” rating in a research note on Friday, July 19th. StockNews.com upgraded Infosys from a “hold” rating to a “buy” rating in a research report on Tuesday. Investec cut Infosys from a “hold” rating to a “sell” rating in a report on Thursday, October 3rd. BMO Capital Markets upped their price objective on Infosys from $23.00 to $25.00 and gave the stock a “market perform” rating in a report on Friday, October 18th. Finally, Erste Group Bank raised Infosys from a “hold” rating to a “buy” rating in a report on Wednesday, September 11th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, Infosys currently has an average rating of “Hold” and a consensus price target of $20.85.

Infosys Stock Up 0.1 %

NYSE:INFY opened at $22.05 on Thursday. Infosys Limited has a 52-week low of $16.04 and a 52-week high of $23.48. The stock has a fifty day simple moving average of $22.40 and a 200-day simple moving average of $20.51. The company has a market capitalization of $91.31 billion, a PE ratio of 28.26, a price-to-earnings-growth ratio of 3.56 and a beta of 1.00.

Infosys (NYSE:INFY) last announced its earnings results on Thursday, October 17th. The technology company reported $0.19 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.19. The company had revenue of $4.89 billion during the quarter, compared to analysts’ expectations of $4.89 billion. Infosys had a net margin of 17.15% and a return on equity of 31.43%. During the same quarter in the previous year, the business posted $0.18 earnings per share. As a group, equities analysts anticipate 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 issued a dividend of $0.2126 per share. This represents a yield of 1.1%. The ex-dividend date of this dividend was Tuesday, October 29th. This is a boost from Infosys’s previous semi-annual dividend of $0.20. Infosys’s dividend payout ratio is 53.85%.

Infosys 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.