LMR Partners LLP reduced its stake in shares of Infosys Limited (NYSE:INFY - Free Report) by 38.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,971,000 shares of the technology company's stock after selling 1,228,311 shares during the period. Infosys accounts for about 0.4% of LMR Partners LLP's holdings, making the stock its 21st biggest position. LMR Partners LLP's holdings in Infosys were worth $43,894,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds have also recently bought and sold shares of INFY. Mercer Global Advisors Inc. ADV raised its holdings in Infosys by 2.9% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 17,632 shares of the technology company's stock valued at $328,000 after acquiring an additional 505 shares during the last quarter. Outlook Wealth Advisors LLC increased its stake in Infosys by 3.0% in the third quarter. Outlook Wealth Advisors LLC now owns 17,897 shares of the technology company's stock valued at $399,000 after purchasing an additional 526 shares during the last quarter. GAMMA Investing LLC lifted its position in Infosys by 22.6% during the second quarter. GAMMA Investing LLC now owns 2,931 shares of the technology company's stock worth $55,000 after buying an additional 541 shares during the period. D Orazio & Associates Inc. boosted its stake in Infosys by 4.1% in the 2nd quarter. D Orazio & Associates Inc. now owns 14,724 shares of the technology company's stock worth $274,000 after buying an additional 584 shares during the last quarter. Finally, Somerset Trust Co grew its holdings in Infosys by 4.2% in the 2nd quarter. Somerset Trust Co now owns 15,140 shares of the technology company's stock valued at $282,000 after buying an additional 611 shares during the period. Hedge funds and other institutional investors own 10.89% of the company's stock.
NYSE:INFY opened at $21.53 on Monday. Infosys Limited has a 52 week low of $16.04 and a 52 week high of $23.48. The company has a market cap of $89.17 billion, a PE ratio of 27.60, a P/E/G ratio of 3.48 and a beta of 1.00. The business's 50 day moving average is $22.33 and its two-hundred day moving average is $20.61.
Infosys (NYSE:INFY - Get Free Report) last announced its quarterly earnings data on Thursday, October 17th. The technology company reported $0.19 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.19. The firm had revenue of $4.89 billion for the quarter, compared to analysts' expectations of $4.89 billion. Infosys had a return on equity of 31.43% and a net margin of 17.15%. During the same period last year, the business posted $0.18 earnings per share. As a group, sell-side analysts expect that Infosys Limited will post 0.75 EPS for the current fiscal year.
The business also recently declared a semi-annual dividend, which was paid on Tuesday, October 29th. Stockholders of record on Friday, January 1st were given a dividend of $0.2126 per share. This represents a dividend yield of 1.1%. This is a boost from Infosys's previous semi-annual dividend of $0.20. The ex-dividend date was Tuesday, October 29th. Infosys's dividend payout ratio is presently 53.85%.
Several equities research analysts recently issued reports on the stock. BMO Capital Markets raised their target price on shares of Infosys from $23.00 to $25.00 and gave the stock a "market perform" rating in a research report on Friday, October 18th. Erste Group Bank upgraded shares of Infosys from a "hold" rating to a "buy" rating in a research note on Wednesday, September 11th. StockNews.com raised shares of Infosys from a "hold" rating to a "buy" rating in a research report on Tuesday, November 12th. Finally, Investec lowered Infosys from a "hold" rating to a "sell" rating in a research report on Thursday, October 3rd. Two research analysts have rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat, Infosys has a consensus rating of "Hold" and a consensus price target of $20.85.
Get Our Latest Analysis on 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.
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