Infosys Limited (NYSE:INFY) Stock Holdings Increased by Range Financial Group LLC

Range Financial Group LLC raised its holdings in shares of Infosys Limited (NYSE:INFY) by 212.4% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 30,136 shares of the technology company’s stock after purchasing an additional 20,490 shares during the quarter. Range Financial Group LLC’s holdings in Infosys were worth $661,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Mercer Global Advisors Inc. ADV boosted its holdings in shares of Infosys by 2.9% in the second quarter. Mercer Global Advisors Inc. ADV now owns 17,632 shares of the technology company’s stock worth $328,000 after buying an additional 505 shares during the period. Canopy Partners LLC boosted its stake in Infosys by 3.1% in the 3rd quarter. Canopy Partners LLC now owns 17,129 shares of the technology company’s stock worth $381,000 after purchasing an additional 522 shares during the period. Outlook Wealth Advisors LLC grew its position in Infosys by 3.0% during the 3rd quarter. Outlook Wealth Advisors LLC now owns 17,897 shares of the technology company’s stock worth $399,000 after purchasing an additional 526 shares in the last quarter. GAMMA Investing LLC grew its position in Infosys by 14.2% during the 4th quarter. GAMMA Investing LLC now owns 4,496 shares of the technology company’s stock worth $99,000 after purchasing an additional 560 shares in the last quarter. Finally, D Orazio & Associates Inc. raised its stake in Infosys by 4.1% during the 2nd quarter. D Orazio & Associates Inc. now owns 14,724 shares of the technology company’s stock valued at $274,000 after purchasing an additional 584 shares during the period. Institutional investors and hedge funds own 16.20% of the company’s stock.

Infosys Price Performance

INFY traded down $0.13 during midday trading on Tuesday, hitting $22.62. 5,150,377 shares of the company’s stock traded hands, compared to its average volume of 5,094,938. The company has a market cap of $93.69 billion, a PE ratio of 29.00, a price-to-earnings-growth ratio of 3.77 and a beta of 1.00. Infosys Limited has a one year low of $16.04 and a one year high of $23.63. The stock’s fifty day simple moving average is $22.31 and its 200-day simple moving average is $21.96.

Infosys (NYSE:INFY) last released its quarterly earnings data on Thursday, October 17th. The technology company reported $0.19 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.19. The business had revenue of $4.89 billion during the quarter, compared to analyst estimates 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 earned $0.18 EPS. On average, research analysts expect that Infosys Limited will post 0.75 EPS for the current year.

Infosys Increases Dividend

The business also recently disclosed 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 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. This represents a dividend yield of 1.1%. Infosys’s dividend payout ratio is currently 53.85%.

Analyst Upgrades and Downgrades

INFY has been the topic of a number of research analyst reports. StockNews.com downgraded Infosys from a “buy” rating to a “hold” rating in a report on Friday. Investec cut Infosys from a “hold” rating to a “sell” rating in a research note on Thursday, October 3rd. Hsbc Global Res upgraded Infosys from a “hold” rating to a “strong-buy” rating in a report on Monday, December 9th. Erste Group Bank upgraded shares of Infosys from a “hold” rating to a “buy” rating in a report on Wednesday, September 11th. Finally, BMO Capital Markets upped their price objective on shares of Infosys from $23.00 to $25.00 and gave the company a “market perform” rating in a research note on Friday, October 18th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Infosys currently has a consensus rating of “Hold” and an average target price of $20.85.

Infosys Company Profile

Infosys Ltd. is a digital services and consulting company, which engages in the provision of end-to-end business solutions. It operates through the following segments: Financial Services, Retail, Communication, Energy, Utilities, Resources, and Services, Manufacturing, Hi-Tech, Life Sciences, and All Other.