Private Advisor Group LLC grew its stake in shares of Infosys Ltd (NYSE:INFY) by 418.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 95,023 shares of the technology company’s stock after acquiring an additional 76,699 shares during the quarter. Private Advisor Group LLC’s holdings in Infosys were worth $1,039,000 as of its most recent SEC filing.
Several other large investors also recently modified their holdings of INFY. Dalton Investments LLC bought a new stake in Infosys in the 1st quarter worth about $3,202,000. Federated Investors Inc. PA increased its holdings in Infosys by 19.4% in the 1st quarter. Federated Investors Inc. PA now owns 113,055 shares of the technology company’s stock worth $1,236,000 after buying an additional 18,371 shares in the last quarter. Gladstone Institutional Advisory LLC bought a new stake in Infosys in the 1st quarter worth about $113,000. NumerixS Investment Technologies Inc increased its holdings in Infosys by 41.6% in the 1st quarter. NumerixS Investment Technologies Inc now owns 50,000 shares of the technology company’s stock worth $544,000 after buying an additional 14,700 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its holdings in Infosys by 8.8% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 17,772 shares of the technology company’s stock worth $194,000 after buying an additional 1,443 shares in the last quarter. Hedge funds and other institutional investors own 17.80% of the company’s stock.
Several equities research analysts recently commented on INFY shares. Zacks Investment Research upgraded Infosys from a “hold” rating to a “buy” rating and set a $12.00 price objective for the company in a report on Tuesday, March 19th. Morgan Stanley downgraded Infosys from an “overweight” rating to an “equal weight” rating and set a $10.62 price objective for the company. in a report on Monday, April 15th. Deutsche Bank downgraded Infosys from a “buy” rating to a “hold” rating in a report on Monday, April 15th. Investec downgraded Infosys from a “buy” rating to a “hold” rating in a report on Monday, April 15th. Finally, HSBC downgraded Infosys from a “buy” rating to a “hold” rating in a report on Tuesday, April 2nd. Two investment analysts have rated the stock with a sell rating and fifteen have given a hold rating to the company. Infosys presently has an average rating of “Hold” and an average target price of $11.36.
Shares of NYSE:INFY opened at $10.60 on Friday. The stock has a market capitalization of $46.16 billion, a price-to-earnings ratio of 19.63, a PEG ratio of 2.04 and a beta of 0.53. Infosys Ltd has a 52-week low of $8.85 and a 52-week high of $11.38.
Infosys (NYSE:INFY) last announced its earnings results on Friday, April 12th. The technology company reported $0.13 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.13. The business had revenue of $3.06 billion for the quarter, compared to analysts’ expectations of $3.04 billion. Infosys had a return on equity of 25.41% and a net margin of 18.62%. During the same period last year, the firm posted $0.13 earnings per share. As a group, equities analysts anticipate that Infosys Ltd will post 0.55 EPS for the current fiscal year.
The company also recently announced a dividend, which was paid on Friday, June 14th. Shareholders of record on Friday, June 14th were given a $0.14 dividend. This is a boost from Infosys’s previous dividend of $0.05. The ex-dividend date was Thursday, June 13th. Infosys’s dividend payout ratio (DPR) is presently 51.85%.
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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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