Perpetual Ltd purchased a new position in shares of Infosys Limited (NYSE:INFY) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 278,795 shares of the technology company’s stock, valued at approximately $4,188,000.
Several other hedge funds have also modified their holdings of the company. PNC Financial Services Group Inc. increased its position in shares of Infosys Limited by 82.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 7,547 shares of the technology company’s stock valued at $120,000 after acquiring an additional 3,400 shares during the period. Tower Research Capital LLC TRC increased its position in shares of Infosys Limited by 198.2% in the 2nd quarter. Tower Research Capital LLC TRC now owns 7,967 shares of the technology company’s stock valued at $120,000 after acquiring an additional 5,295 shares during the period. Equity Investment Corp Acquisition Inc acquired a new position in shares of Infosys Limited in the 2nd quarter valued at $151,000. Personal Capital Advisors Corp acquired a new position in shares of Infosys Limited in the 2nd quarter valued at $166,000. Finally, Greenleaf Trust increased its position in shares of Infosys Limited by 13.5% in the 2nd quarter. Greenleaf Trust now owns 12,045 shares of the technology company’s stock valued at $181,000 after acquiring an additional 1,437 shares during the period. 19.83% of the stock is currently owned by institutional investors and hedge funds.
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Several equities analysts recently issued reports on INFY shares. Zacks Investment Research downgraded Infosys Limited from a “buy” rating to a “hold” rating in a research report on Thursday, October 5th. JPMorgan Chase & Co. lowered shares of Infosys Limited from an “overweight” rating to a “neutral” rating in a report on Monday, August 21st. Deutsche Bank AG raised shares of Infosys Limited from a “hold” rating to a “buy” rating in a report on Monday, August 28th. Robert W. Baird reaffirmed a “hold” rating and issued a $16.00 price target on shares of Infosys Limited in a report on Sunday, September 3rd. Finally, Goldman Sachs Group, Inc. (The) raised shares of Infosys Limited from a “sell” rating to a “neutral” rating and upped their price target for the company from $12.40 to $12.88 in a report on Sunday, September 17th. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and two have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $15.34.
Shares of Infosys Limited (NYSE INFY) traded down 0.0313% during mid-day trading on Friday, hitting $15.0053. 3,286,648 shares of the stock were exchanged. Infosys Limited has a one year low of $13.42 and a one year high of $16.15. The company has a 50-day moving average of $14.60 and a 200 day moving average of $14.99. The stock has a market cap of $34.30 billion, a PE ratio of 15.8117 and a beta of 0.74.
Infosys Limited (NYSE:INFY) last released its quarterly earnings data on Tuesday, October 24th. The technology company reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.01. The company had revenue of $2.73 billion during the quarter, compared to analyst estimates of $2.78 billion. Infosys Limited had a net margin of 21.04% and a return on equity of 21.05%. During the same quarter in the prior year, the business earned $0.24 earnings per share. On average, equities analysts predict that Infosys Limited will post $0.99 earnings per share for the current year.
The company also recently announced a dividend, which will be paid on Wednesday, November 1st. Stockholders of record on Wednesday, November 1st will be paid a $0.20 dividend. The ex-dividend date is Tuesday, October 31st. Infosys Limited’s dividend payout ratio (DPR) is presently 21.65%.
Infosys Limited Company Profile
Infosys Limited is engaged in consulting, technology, outsourcing and next-generation services. The Company, along with its subsidiaries, provides business information technology services comprising application development and maintenance, independent validation, infrastructure management, engineering services comprising product engineering and life cycle solutions and business process management; consulting and systems integration services comprising consulting, enterprise solutions, systems integration and advanced technologies; products, business platforms and solutions to accelerate intellectual property-led innovation, including Finacle, its banking solution, and offerings in the areas of Analytics, Cloud and Digital Transformation.
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