Daiwa Securities Group Inc. boosted its position in shares of Infosys Ltd (NYSE:INFY) by 99.1% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 918,300 shares of the technology company’s stock after purchasing an additional 457,000 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Infosys were worth $9,339,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently modified their holdings of INFY. Principal Financial Group Inc. acquired a new position in Infosys during the first quarter valued at approximately $1,454,000. Ladenburg Thalmann Financial Services Inc. lifted its stake in Infosys by 115.1% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 12,587 shares of the technology company’s stock valued at $224,000 after buying an additional 6,735 shares in the last quarter. Allianz Asset Management GmbH lifted its stake in Infosys by 142.3% in the first quarter. Allianz Asset Management GmbH now owns 294,255 shares of the technology company’s stock valued at $5,252,000 after buying an additional 172,800 shares in the last quarter. Genesis Asset Managers LLP lifted its stake in Infosys by 74.4% in the second quarter. Genesis Asset Managers LLP now owns 9,604,671 shares of the technology company’s stock valued at $186,619,000 after buying an additional 4,096,369 shares in the last quarter. Finally, LGT Capital Partners LTD. lifted its stake in Infosys by 7.8% in the second quarter. LGT Capital Partners LTD. now owns 716,200 shares of the technology company’s stock valued at $13,916,000 after buying an additional 51,800 shares in the last quarter. Hedge funds and other institutional investors own 9.74% of the company’s stock.
Shares of INFY stock opened at $9.25 on Monday. The firm has a market capitalization of $40.20 billion, a PE ratio of 17.79, a price-to-earnings-growth ratio of 1.78 and a beta of 0.42. Infosys Ltd has a 12 month low of $7.16 and a 12 month high of $10.65.
Infosys (NYSE:INFY) last announced its quarterly earnings data on Tuesday, October 16th. The technology company reported $0.13 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.13. The business had revenue of $2.92 billion for the quarter, compared to analyst estimates of $2.89 billion. Infosys had a net margin of 21.94% and a return on equity of 24.56%. During the same quarter in the previous year, the firm posted $0.13 earnings per share. On average, research analysts forecast that Infosys Ltd will post 0.52 EPS for the current year.
The firm also recently disclosed a dividend, which was paid on Friday, October 26th. Stockholders of record on Friday, October 26th were given a $0.085 dividend. The ex-dividend date of this dividend was Thursday, October 25th. Infosys’s dividend payout ratio is presently 34.00%.
A number of research analysts have weighed in on INFY shares. Robert W. Baird lifted their price target on shares of Infosys from $9.00 to $10.00 and gave the company a “neutral” rating in a research note on Friday, September 14th. ValuEngine lowered shares of Infosys from a “hold” rating to a “sell” rating in a research note on Thursday. Cowen lifted their price target on shares of Infosys from $16.00 to $17.00 and gave the company a “market perform” rating in a research note on Monday, July 16th. Morgan Stanley lowered shares of Infosys from an “overweight” rating to a “hold” rating in a research note on Monday, August 20th. Finally, Goldman Sachs Group lowered shares of Infosys from a “buy” rating to a “neutral” rating and set a $11.00 price target on the stock. in a research note on Wednesday, October 17th. Five research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $15.26.
Infosys Company Profile
Infosys Limited, together with its subsidiaries, provides consulting, technology, and outsourcing services in North America, Europe, India, and internationally. It provides business information technology services, including application development and maintenance, independent validation, infrastructure management, and business process management services, as well as engineering services, such as engineering and life cycle solutions; and consulting and systems integration services comprising consulting, enterprise solutions, systems integration, and advanced technologies.
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