Infosys Limited (NYSE:INFY) is Oldfield Partners LLP’s 9th Largest Position

Oldfield Partners LLP cut its holdings in Infosys Limited (NYSE:INFY) by 26.7% in the second quarter, Holdings Channel reports. The institutional investor owned 550,198 shares of the technology company’s stock after selling 200,200 shares during the quarter. Infosys accounts for 1.9% of Oldfield Partners LLP’s holdings, making the stock its 9th largest holding. Oldfield Partners LLP’s holdings in Infosys were worth $10,245,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also made changes to their positions in the company. GAMMA Investing LLC increased its position in shares of Infosys by 33.0% in the first quarter. GAMMA Investing LLC now owns 2,390 shares of the technology company’s stock valued at $43,000 after buying an additional 593 shares in the last quarter. Hilltop National Bank increased its position in shares of Infosys by 50.8% in the second quarter. Hilltop National Bank now owns 2,979 shares of the technology company’s stock valued at $55,000 after buying an additional 1,004 shares in the last quarter. Jones Financial Companies Lllp purchased a new stake in shares of Infosys in the fourth quarter valued at approximately $56,000. Whittier Trust Co. of Nevada Inc. increased its position in shares of Infosys by 126.7% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 3,029 shares of the technology company’s stock valued at $56,000 after buying an additional 1,693 shares in the last quarter. Finally, EverSource Wealth Advisors LLC increased its position in shares of Infosys by 113.4% in the fourth quarter. EverSource Wealth Advisors LLC now owns 3,130 shares of the technology company’s stock valued at $58,000 after buying an additional 1,663 shares in the last quarter. 10.89% of the stock is currently owned by hedge funds and other institutional investors.

Infosys Trading Down 0.2 %

Infosys stock opened at $23.20 on Monday. Infosys Limited has a twelve month low of $16.04 and a twelve month high of $23.48. The stock has a 50 day moving average of $21.91 and a two-hundred day moving average of $19.29. The stock has a market capitalization of $96.09 billion, a price-to-earnings ratio of 30.53, a PEG ratio of 3.63 and a beta of 0.99.

Infosys (NYSE:INFY) last posted its quarterly earnings results on Thursday, July 18th. The technology company reported $0.18 EPS for the quarter, meeting the consensus estimate of $0.18. Infosys had a return on equity of 32.01% and a net margin of 17.18%. The business had revenue of $4.71 billion during the quarter, compared to analysts’ expectations of $4.67 billion. During the same period last year, the firm earned $0.17 EPS. Equities analysts predict that Infosys Limited will post 0.75 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages recently commented on INFY. Erste Group Bank upgraded Infosys from a “hold” rating to a “buy” rating in a research report on Wednesday, September 11th. Macquarie upgraded Infosys from an “underperform” rating to a “neutral” rating in a research report on Friday, July 19th. Finally, StockNews.com upgraded Infosys from a “hold” rating to a “buy” rating in a research report on Friday. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $19.27.

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.