Infosys Limited (NYSE:INFY) Shares Acquired by DGS Capital Management LLC

DGS Capital Management LLC lifted its holdings in shares of Infosys Limited (NYSE:INFY) by 15.9% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 63,209 shares of the technology company’s stock after buying an additional 8,692 shares during the period. DGS Capital Management LLC’s holdings in Infosys were worth $1,408,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of INFY. Robeco Institutional Asset Management B.V. lifted its holdings in Infosys by 68.8% in the third quarter. Robeco Institutional Asset Management B.V. now owns 24,339,983 shares of the technology company’s stock valued at $542,051,000 after acquiring an additional 9,923,744 shares during the period. Canada Pension Plan Investment Board lifted its stake in shares of Infosys by 37.3% in the second quarter. Canada Pension Plan Investment Board now owns 21,580,344 shares of the technology company’s stock valued at $401,826,000 after purchasing an additional 5,862,144 shares during the period. Fisher Asset Management LLC boosted its holdings in Infosys by 9.7% during the third quarter. Fisher Asset Management LLC now owns 14,415,018 shares of the technology company’s stock worth $321,022,000 after buying an additional 1,271,890 shares in the last quarter. Franklin Resources Inc. grew its position in Infosys by 2.9% during the third quarter. Franklin Resources Inc. now owns 11,272,051 shares of the technology company’s stock worth $263,315,000 after buying an additional 322,648 shares during the period. Finally, Millennium Management LLC increased its holdings in Infosys by 67.9% in the second quarter. Millennium Management LLC now owns 7,601,073 shares of the technology company’s stock valued at $141,532,000 after buying an additional 3,074,432 shares in the last quarter. 16.20% of the stock is currently owned by hedge funds and other institutional investors.

Infosys Stock Up 1.1 %

NYSE:INFY traded up $0.26 during trading hours on Friday, reaching $23.51. 710,673 shares of the stock were exchanged, compared to its average volume of 9,029,537. The firm has a 50 day simple moving average of $22.29 and a 200-day simple moving average of $21.29. Infosys Limited has a 52 week low of $16.04 and a 52 week high of $23.60. The stock has a market capitalization of $97.38 billion, a P/E ratio of 29.81, a P/E/G ratio of 3.77 and a beta of 1.00.

Infosys (NYSE:INFY) last announced its quarterly earnings results 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 business had revenue of $4.89 billion for the quarter, compared to the consensus estimate of $4.89 billion. Infosys had a return on equity of 31.43% and a net margin of 17.15%. During the same quarter last year, the business posted $0.18 EPS. As a group, analysts expect that Infosys Limited will post 0.75 earnings per share for the current year.

Infosys Increases Dividend

The firm also recently declared a semi-annual dividend, which was paid on Tuesday, October 29th. Shareholders of record on Friday, January 1st were given a dividend of $0.2126 per share. This represents a yield of 1.1%. The ex-dividend date was Tuesday, October 29th. This is a positive change from Infosys’s previous semi-annual dividend of $0.20. Infosys’s payout ratio is 53.85%.

Analyst Ratings Changes

INFY has been the topic of a number of research reports. Hsbc Global Res upgraded Infosys from a “hold” rating to a “strong-buy” rating in a report on Monday. HSBC raised Infosys from a “hold” rating to a “buy” rating in a report on Monday. BMO Capital Markets lifted their price target on Infosys from $23.00 to $25.00 and gave the stock a “market perform” rating in a research note on Friday, October 18th. Investec cut shares of Infosys from a “hold” rating to a “sell” rating in a research note on Thursday, October 3rd. Finally, StockNews.com upgraded shares of Infosys from a “hold” rating to a “buy” rating in a research report on Thursday. Two research analysts have rated the stock with a sell rating, three have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $20.85.

Infosys Profile

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.